KLM Axiva Finvest NCD vs Muthoottu Mini NCD August 2021

Comparision between KLM Axiva Finvest NCD and Muthoottu Mini NCD August 2021.

NCD Details

KLM Axiva Finvest NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoottu Mini NCD August 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	KLM Axiva Finvest Limited	Muthoottu Mini Financiers Ltd
Logo
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at	BSE	BSE
Basis of Allotment	First Come First Serve Basis	First Come First Serve Basis
DRHP (Base)
RHP (Base)	RHP	RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating	Moderate risk of default regarding timely servicing of financial obligations.	The Company has received rating of ‘CARE BBB+’: Stable (Triple B Plus; Outlook: Stable’) by CARE Ratings Limited (“CARE Ratings”)
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Lead Managers	Vivro Financial Services Private Limited	Vivro Financial Services Private Limited
Debenture Trusties
NRI Allowed	No	No
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. KLM Axiva Finvest NCD issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoottu Mini NCD August 2021 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.

	KLM Axiva Finvest Limited	Muthoottu Mini Financiers Ltd
Issue Size (Base)	₹100.00 Cr	₹125.00 Cr
Issue Size (Shelf)	₹50.00 Cr	₹125.00 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	5 NCD	10 NCD
Market Lot	5 NCD	1 NCD
Credit Rating	CARE BB+; Stable (Double BB plus; Outlook: Stable)	CARE BBB+ Stable (Triple B Plus; Outlook: Stable)
Tenor
Series
Payment Frequency
Coupon Incentive

NCD Timetable

Offering period of KLM Axiva Finvest NCD and Muthoottu Mini NCD August 2021 is mentioned.

	KLM Axiva Finvest Limited	Muthoottu Mini Financiers Ltd
Bid/Offer Opens On	Jul 05, 2021	Aug 18, 2021
Bid/Offer Closes On	Jul 26, 2021	Sep 09, 2021

Shares Offered to Different Investor Category

In KLM Axiva Finvest NCD QIBs portion includes and offered are offered to retail investors. In Muthoottu Mini NCD August 2021 QIBs portion includes 1,25,000 shares and 6,25,000 shares offered are offered to retail investors.

	KLM Axiva Finvest Limited	Muthoottu Mini Financiers Ltd
Institutional		1,25,000 shares
Non Institutional
HNI		5,00,000 shares
Retail		6,25,000 shares
Others
Total	10,00,000 shares	12,50,000 shares

Compare with others

KLM Axiva Finvest Limited	Muthoottu Mini Financiers Ltd
Kosamattam Finance NCD August 2021	IIFL Finance NCD September 2021
Muthoottu Mini NCD August 2021	Indel Money NCD Sep 2021
Edelweiss Financial NCD August 2021	JM Financial NCD Sep 2021
Piramal Capital NCD July 2021	Indiabulls Housing NCD September 2021
IIFL Home Finance NCD	Kosamattam Finance NCD August 2021
Sakthi Finance NCD June 2021	Edelweiss Financial NCD August 2021
India Grid Trust NCD April 2021	Piramal Capital NCD July 2021
Muthoot Fincorp Limited NCD April 2020	IIFL Home Finance NCD
Muthoot Finance Limited Tranche III NCD	KLM Axiva Finvest NCD
Edelweiss Financial NCD April 2021	Sakthi Finance NCD June 2021

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