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Comparision between Kosamattam Finance NCD March 2019 and Shriram City NCD April 2019.
Kosamattam Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram City NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Kosamattam Finance Limited | Shriram City Union Finance Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE | BSE |
| 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 the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
| Registrar | Kfin Technologies Limited | Integrated Registry Management Services Private Limited |
| Lead Managers | Vivro Financial Services Private Limited | A.K. Capital Services Limited Edelweiss Financial Services Ltd |
| Debenture Trusties | ||
| 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. Shriram City NCD April 2019 issue size is ₹750.00 Cr at a issue price of ₹1,000.00 per NCD.
| Kosamattam Finance Limited | Shriram City Union Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹750.00 Cr |
| Issue Size (Shelf) | ₹150.00 Cr | ₹3,000.00 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 | CARE AA+/Stable, CRISIL AA/Stable |
| Tenor | 18 months/24 months/36 months/48 months/60 months | 24 months/ 36 months/ 60 months |
| Series | Series 1 to Series 8 |
Series 1 to Series 8 |
| Payment Frequency | Monthly and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of Kosamattam Finance NCD March 2019 and Shriram City NCD April 2019 is mentioned.
| Kosamattam Finance Limited | Shriram City Union Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Mar 29, 2019 | Apr 05, 2019 |
| Bid/Offer Closes On | Apr 26, 2019 | May 03, 2019 |
In Kosamattam Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In Shriram City NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| Kosamattam Finance Limited | Shriram City Union Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares | 10,00,000 shares |
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