Comparison between Kosamattam Finance NCD March 2019 and Manappuram Finance NCD Jan 2019.
Kosamattam Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Manappuram Finance NCD Jan 2019 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) proposed to list at BSE.
| Kosamattam Finance Ltd. | Manappuram Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Listing At | BSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | |
| 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. | |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| 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. Manappuram Finance NCD Jan 2019 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| Kosamattam Finance Ltd. | Manappuram Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹150.00 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 | 10 NCD |
| Credit Rating | IND BBB/Stable | |
| Tenor | 18 months/24 months/36 months/48 months/60 months | |
| Series | Series 1 to Series 8 | |
| Payment Frequency | Monthly and Cumulative |
Offering period of Kosamattam Finance NCD March 2019 and Manappuram Finance NCD Jan 2019 is mentioned.
| Kosamattam Finance Ltd. | Manappuram Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Mar 29, 2019 | Jan 28, 2019 |
| Bid/Offer Closes On | Apr 26, 2019 | Feb 27, 2019 |
In Kosamattam Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In Manappuram Finance NCD Jan 2019 QIBs portion includes and offered are offered to retail investors.
| Kosamattam Finance Ltd. | Manappuram Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares |
