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Comparision between Kosamattam Finance NCD March 2019 and L&T Finance NCD March 2019.
Kosamattam Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while L&T Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Kosamattam Finance Limited | L&T Finance Limited | |
|---|---|---|
| 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 |
RHP |
| 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 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"), 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") 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"). The rating of NCDs by ICRA, CARE and India Ratings indicate that instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | Vivro Financial Services Private Limited | A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | 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. L&T Finance NCD March 2019 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Kosamattam Finance Limited | L&T Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹150.00 Cr | ₹1,000.00 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 | ICRA AAA/Stable, CARE AAA/Stable, IND AAA/Stable |
| Tenor | 18 months/24 months/36 months/48 months/60 months | 37 months, 60 months and 120 months |
| Series | Series 1 to Series 8 |
Series 1 to Series 6 |
| Payment Frequency | Monthly and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of Kosamattam Finance NCD March 2019 and L&T Finance NCD March 2019 is mentioned.
| Kosamattam Finance Limited | L&T Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Mar 29, 2019 | Mar 06, 2019 |
| Bid/Offer Closes On | Apr 26, 2019 | Mar 07, 2019 |
In Kosamattam Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In L&T Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors.
| Kosamattam Finance Limited | L&T Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares |
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