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Sakthi Fin NCD March 2020 vs Tata Capital Housing NCD Jan 2020

Comparision between Sakthi Fin NCD March 2020 and Tata Capital Housing NCD Jan 2020.

NCD Details

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

  Sakthi Finance Ltd Tata Capital Housing Finance Ltd
Logo Sakthi Fin NCD March 2020 Logo Tata Capital Housing NCD Jan 2020 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
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf)
NCD Rating

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

The NCDs proposed to be issued pursuant to this Issue have been rated "CRISIL AAA/Stable" by CRISIL for an amount of up to Rs 5,00,000 lakh and have been rated "[ICRA] AAA (stable)" by ICRA for an amount of up to Rs 5,00,000 lakh. The rating of the NCDs by ICRA indicates highest degree of safety regarding timely servicing of financial obligations.

Registrar S.K.D.C Consultants Limited Kfin Technologies Limited
Lead Managers Dalmia Securities Private Limited A.K. Capital Services Limited

Edelweiss Financial Services Ltd
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. Sakthi Fin NCD March 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Tata Capital Housing NCD Jan 2020 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  Sakthi Finance Ltd Tata Capital Housing Finance Ltd
Issue Size (Base) ₹100.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹200.00 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 ICRA BBB/ Stable CRISIL AAA/ Stable, ICRA AAA/ stable
Tenor 24 months/ 39 months/ 49 months/ 62 months 36 months/ 60 months/ 96 months/ 120 months
Series

Series 1 to Series 11

Series I to Series VI

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

NCD Timetable

Offering period of Sakthi Fin NCD March 2020 and Tata Capital Housing NCD Jan 2020 is mentioned.

  Sakthi Finance Ltd Tata Capital Housing Finance Ltd
Bid/Offer Opens On Mar 13, 2020 Jan 07, 2020
Bid/Offer Closes On Apr 30, 2020 Jan 08, 2020

Shares Offered to Different Investor Category

In Sakthi Fin NCD March 2020 QIBs portion includes and offered are offered to retail investors. In Tata Capital Housing NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.

  Sakthi Finance Ltd Tata Capital Housing Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 50,00,000 shares

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