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Comparision between L&T Finance NCD March 2019 and Manappuram Finance NCD Jan 2019.
L&T Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Manappuram Finance NCD Jan 2019 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) proposed to list at BSE.
| L&T Finance Limited | Manappuram Finance Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Unsecured Subordinated Non-Convertible Debentures (Unsecured 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 |
|
| 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"), 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 | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
A.K. Capital Services Limited Edelweiss Financial Services Ltd |
| 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 NCD March 2019 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Manappuram Finance NCD Jan 2019 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| L&T Finance Limited | Manappuram Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹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 | 10 NCD |
| Credit Rating | ICRA AAA/Stable, CARE AAA/Stable, IND AAA/Stable | |
| Tenor | 37 months, 60 months and 120 months | |
| Series | Series 1 to Series 6 |
|
| Payment Frequency | Monthly, Annual and Cumulative | |
| Coupon Incentive |
Offering period of L&T Finance NCD March 2019 and Manappuram Finance NCD Jan 2019 is mentioned.
| L&T Finance Limited | Manappuram Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Mar 06, 2019 | Jan 28, 2019 |
| Bid/Offer Closes On | Mar 07, 2019 | Feb 27, 2019 |
In L&T Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors. In Manappuram Finance NCD Jan 2019 QIBs portion includes and offered are offered to retail investors.
| L&T Finance Limited | Manappuram Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total |
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