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Kosamattam Fin NCD March 2020 vs Sakthi Fin NCD March 2020

Comparision between Kosamattam Fin NCD March 2020 and Sakthi Fin NCD March 2020.

NCD Details

Kosamattam Fin NCD March 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Fin NCD March 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Kosamattam Finance Ltd Sakthi Finance Ltd
Logo Kosamattam Fin NCD March 2020 Logo Sakthi Fin NCD March 2020 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) 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' Outlook Stable, by India Ratings and Research Private Limited ("India Ratings") for an amount up to Rs 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 by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no RTG/Chen/132/19-20 dated February 18, 2020, assigned a rating of "[ICRA] BBB (Stable)" for an amount up to ` 20,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit risk

Registrar Kfin Technologies Limited S.K.D.C Consultants Limited
Lead Managers Dalmia Securities 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. Kosamattam Fin NCD March 2020 issue size is ₹150.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Fin NCD March 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Kosamattam Finance Ltd Sakthi Finance Ltd
Issue Size (Base) ₹150.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹300.00 Cr ₹200.00 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 BBB/ Stable
Tenor 15 Mon/21 Mon/39 Mon/48 Mon/66 Mon/84 Months 24 months/ 39 months/ 49 months/ 62 months
Series

Series I to Series VIII

Series 1 to Series 11

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

NCD Timetable

Offering period of Kosamattam Fin NCD March 2020 and Sakthi Fin NCD March 2020 is mentioned.

  Kosamattam Finance Ltd Sakthi Finance Ltd
Bid/Offer Opens On Mar 19, 2020 Mar 13, 2020
Bid/Offer Closes On May 22, 2020 Apr 30, 2020

Shares Offered to Different Investor Category

In Kosamattam Fin NCD March 2020 QIBs portion includes and offered are offered to retail investors. In Sakthi Fin NCD March 2020 QIBs portion includes and offered are offered to retail investors.

  Kosamattam Finance Ltd Sakthi Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 15,00,000 shares 10,00,000 shares

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