Comparison between Kosamattam Finance NCD Nov 2019 and L&T Finance NCD Dec 2019.
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 Ltd. | L&T Finance Ltd. | |
|---|---|---|
| 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 | 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 Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | SMC Capitals Ltd. Karvy Investor Services Ltd. | Trust Investment Advisors Pvt.Ltd. JM Financial 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 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 Ltd. | 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 |
Offering period of Kosamattam Finance NCD Nov 2019 and L&T Finance NCD Dec 2019 is mentioned.
| Kosamattam Finance Ltd. | L&T Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Nov 11, 2019 | Dec 16, 2019 |
| Bid/Offer Closes On | Dec 04, 2019 | Dec 17, 2019 |
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 Ltd. | L&T Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 17,50,000 shares | 50,00,000 shares |
