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Kosamattam Finance NCD Nov 2019 vs L&T Finance NCD Dec 2019

Comparision between Kosamattam Finance NCD Nov 2019 and L&T Finance NCD Dec 2019.

NCD Details

Kosamattam Finance NCD Nov 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while L&T Finance NCD Dec 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Kosamattam Finance Limited L&T Finance Ltd
Logo Kosamattam Finance NCD Nov 2019 Logo L&T Finance NCD Dec 2019 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 DRHP
RHP (Base) RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated 'IND BBB' Outlook Stable, by India Ratings and Research Private Limited ("India Ratings") for an amount
up to 35,000 lakhs vide its letter dated September 30, 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 "CRISIL AAA/Stable" (pronounced as CRISIL triple A with Stable outlook) for an amount of Rs 5000 crores, by CRISIL Limited ("CRISIL") vide their letter dated November 14, 2019, CARE AAA / Stable (pronounced as CARE triple A with Stable Outlook) for an amount of Rs 5, 000 crores, by CARE Ratings Ltd. ("CARE") vide their letter dated November 15, 2019 and IND AAA / Stable (pronounced as IND triple A with Stable outlook) for an amount of Rs 5,000 crores, by India Ratings and Research Private Limited ("India Ratings") vide their letter dated November 18, 2019.

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

Smc Capitals Limited
A.K. Capital Services Limited

Edelweiss Financial Services Ltd

Jm Financial Limited

Trust Investment Advisors Private Limited
Debenture Trusties
NRI Allowed No No
Allotment Link 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 Nov 2019 issue size is ₹175.00 Cr at an issue price of ₹1,000.00 per NCD. L&T Finance NCD Dec 2019 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  Kosamattam Finance Limited L&T Finance Ltd
Issue Size (Base) ₹175.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹175.00 Cr ₹5,000.00 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 CRISIL AAA/Stable, CARE AAA/Stable, IND AAA/Stable
Tenor 18 /24 /36 /48 /66 / 84 months 36 months/ 60 months/ 84 months
Series

Series I to Series VIII

Series I to Series VI

Payment Frequency Monthly/ Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Kosamattam Finance NCD Nov 2019 and L&T Finance NCD Dec 2019 is mentioned.

  Kosamattam Finance Limited L&T Finance Ltd
Bid/Offer Opens On Nov 11, 2019 Dec 16, 2019
Bid/Offer Closes On Dec 04, 2019 Dec 17, 2019

Shares Offered to Different Investor Category

In Kosamattam Finance NCD Nov 2019 QIBs portion includes and offered are offered to retail investors. In L&T Finance NCD Dec 2019 QIBs portion includes and offered are offered to retail investors.

  Kosamattam Finance Limited L&T Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 17,50,000 shares 50,00,000 shares

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