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Kosamattam Finance NCD March 2021 vs Sakthi Finance NCD June 2021

Comparision between Kosamattam Finance NCD March 2021 and Sakthi Finance NCD June 2021.

NCD Details

Kosamattam Finance NCD March 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD June 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Kosamattam Finance Limited Sakthi Finance Limited
Logo Kosamattam Finance NCD March 2021 Logo Sakthi Finance NCD June 2021 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)
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The rating committee of ICRA, after due consideration, has assigned the [ICRA] BBB rating to the Sakthi Finance NCD in June 2021. This represents that the NCD has a moderate degree of safety regarding timely servicing of financial obligations. The outlook on long-term rating is 'Stable'.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Karvy Investor Services Limited

Smc Capitals Limited
Dalmia Securities Private Limited
Debenture Trusties
NRI Allowed No No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Kosamattam Finance NCD March 2021 issue size is ₹175.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD June 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Kosamattam Finance Limited Sakthi Finance Limited
Issue Size (Base) ₹175.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹175.00 Cr ₹100.00 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 'BWR BBB+' - Outlook Stable, by Brickwork Ratings India Private Limited [ICRA] BBB (Stable)
Tenor 400 days, 24, 36, 42, 48, 66, 84 months 26, 39, 49 and 61 months
Series
Payment Frequency Monthly, Cumulative
Coupon Incentive

NCD Timetable

Offering period of Kosamattam Finance NCD March 2021 and Sakthi Finance NCD June 2021 is mentioned.

  Kosamattam Finance Limited Sakthi Finance Limited
Bid/Offer Opens On Mar 30, 2021 Jun 29, 2021
Bid/Offer Closes On Apr 23, 2021 Jul 23, 2021

Shares Offered to Different Investor Category

In Kosamattam Finance NCD March 2021 QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD June 2021 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.

  Kosamattam Finance Limited Sakthi Finance Limited
Institutional 50,000 shares
Non Institutional 4,50,000 shares
HNI
Retail 5,00,000 shares
Others 0 shares
Total 17,50,000 shares 10,00,000 shares

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