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Comparision between L&T Finance Ltd. NCD April 2019 and Sakthi Finance NCD April 2019.
L&T Finance Ltd. NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
L&T Finance Ltd. | Sakthi Finance Limited | |
---|---|---|
Logo | ||
Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
Listing at | BSE, NSE | 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 '[ICRA] AAA (stable) (pronounced as ICRA triple A with Stable outlook)' for an amount of Rs 5,00,000 lakhs, by ICRA Limited ("ICRA") vide their letter dated December 21, 2018 and revalidated vide revalidation letter dated February 1, 2019 and further revalidated by a revalidation letter dated February 20, 2019, CARE AAA / Stable (pronounced as CARE triple A with Stable Outlook) for an amount of Rs 5,00,000 lakhs, by CARE Ratings Ltd. ("CARE") vide their letter dated December 28, 2018 and revalidated vide revalidation letter dated January 31, 2019 and further revalidated by a revalidation letter dated February 20, 2019 and IND AAA / Stable (pronounced as IND triple A with Stable outlook) for an amount of Rs 5,00,000 lakhs, by India Ratings and Research Private Limited ("India Ratings") vide their letter dated December 31, 2018 and revalidated vide revalidation letter dated January 31, 2019 and further revalidated by a revalidation letter dated February 20, 2019. |
The NCDs proposed to be issued by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no. RTG/Chen/109/18-19 dated February 11, 2019, assigned and vide its letter no. Reval/Chen/145/18-19 dated March 25, 2019 revalidated, a rating of "[ICRA] BBB (Stable)" for an amount up to Rs 15,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit |
Registrar | Link Intime India Private Ltd | S.K.D.C Consultants Limited |
Lead Managers | A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
Dalmia Securities Private Limited |
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. L&T Finance Ltd. NCD April 2019 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
L&T Finance Ltd. | Sakthi Finance Limited | |
---|---|---|
Issue Size (Base) | ₹500.00 Cr | ₹100.00 Cr |
Issue Size (Shelf) | ₹500.00 Cr | ₹50.00 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 | ICRA AAA/Stable, CARE AAA/Stable, IND AAA/Stable | ICRA BBB/Stable |
Tenor | 37 months/60 months/ 120 months/ | 24 months/36 months/48 months/61 months |
Series | Series 1 to Series 6 |
Series 1 to Series 11 |
Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
Coupon Incentive |
Offering period of L&T Finance Ltd. NCD April 2019 and Sakthi Finance NCD April 2019 is mentioned.
L&T Finance Ltd. | Sakthi Finance Limited | |
---|---|---|
Bid/Offer Opens On | Apr 08, 2019 | Apr 10, 2019 |
Bid/Offer Closes On | Apr 09, 2019 | May 09, 2019 |
In L&T Finance Ltd. NCD April 2019 QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors.
L&T Finance Ltd. | Sakthi Finance Limited | |
---|---|---|
Institutional | ||
Non Institutional | ||
HNI | ||
Retail | ||
Others | ||
Total | 50,00,000 shares | 10,00,000 shares |
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