Comparison between Kosamattam Finance NCD March 2019 and Magma Fincorp NCD April 2019.
Kosamattam Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Magma Fincorp NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Kosamattam Finance Ltd. | Magma Fincorp Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated 'IND BBB', by India Ratings & Research Private Limited ("India Ratings") for an amount up to 30,000 lakhs, including the unsecured portion of up to 2,500 lakhs vide its letter dated March 14, 2019. The rating of NCDs by India Ratings indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. | The NCDs proposed to be issued under this Issue have been rated BWR AA (Outlook: Stable)' by Brickworks Ratings India Private Limited ("Brickworks") for an amount of up to Rs 1,00,000 lakhs vide its letter dated December 21, 2018 and ACUITE AA/Stable by Acuité Ratings & Research Limited (erstwhile SMERA Ratings Limited) for an amount of up to Rs 1,00,000 lakhs vide its letter dated December 28, 2018. The rating of the NCDs by Brickworks and Acuité indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Edelweiss Financial Services Ltd. Catalyst Trusteeship Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Kosamattam Finance NCD March 2019 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Magma Fincorp NCD April 2019 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| Kosamattam Finance Ltd. | Magma Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹150.00 Cr | ₹500.00 Cr |
| Issue Price | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Face Value | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Minimum Lot size | 10 NCD | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | IND BBB/Stable | BWR AA/Stable, ACUITE AA/Stable |
| Tenor | 18 months/24 months/36 months/48 months/60 months | 3 years/ 5 years/ 10 years |
| Series | Series 1 to Series 8 | Series 1 to Series 7 |
| Payment Frequency | Monthly and Cumulative | Monthly, Annual and Cumulative |
Offering period of Kosamattam Finance NCD March 2019 and Magma Fincorp NCD April 2019 is mentioned.
| Kosamattam Finance Ltd. | Magma Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Mar 29, 2019 | Apr 08, 2019 |
| Bid/Offer Closes On | Apr 26, 2019 | May 08, 2019 |
In Kosamattam Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In Magma Fincorp NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| Kosamattam Finance Ltd. | Magma Fincorp Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares | 20,00,000 shares |
