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Comparision between Navi Finserv NCD May 2022 and Sakthi Finance NCD April 2022.
Navi Finserv NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Navi Finserv Limited | Sakthi Finance Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured 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) | DRHP (Shelf) |
|
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The NCDs proposed to be issued under the Issue have been rated as IND A/ Stable by India Ratings & Research Pvt Ltd. The instrument with such a rating is expected to have an adequate degree of safety. |
The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. Instrument with such rating are expected to have a moderate degree of safety regarding timely servicing of debt financial obligations. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited Jm Financial Limited |
Dalmia Securities Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Navi Finserv NCD May 2022 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2022 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.
| Navi Finserv Limited | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹50.00 Cr |
| Issue Size (Shelf) | ₹300.00 Cr | ₹50.00 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 A/ Stable by India Ratings & Research Pvt Ltd | ICRA BBB (Stable) |
| Tenor | 18 and 27 Months | 24, 36, 48, and 60 months |
| Series | Series I to IV |
Series I to VIII |
| Payment Frequency | Monthly and Annually | Monthly and Cumulative |
| Coupon Incentive |
Offering period of Navi Finserv NCD May 2022 and Sakthi Finance NCD April 2022 is mentioned.
| Navi Finserv Limited | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | May 23, 2022 | Apr 11, 2022 |
| Bid/Offer Closes On | Jun 02, 2022 | May 04, 2022 |
In Navi Finserv NCD May 2022 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors. In Sakthi Finance NCD April 2022 QIBs portion includes 25,000 shares and 2,00,000 shares offered are offered to retail investors.
| Navi Finserv Limited | Sakthi Finance Limited | |
|---|---|---|
| Institutional | 6,00,000 shares | 25,000 shares |
| Non Institutional | 6,00,000 shares | 75,000 shares |
| HNI | 9,00,000 shares | 2,00,000 shares |
| Retail | 9,00,000 shares | 2,00,000 shares |
| Others | ||
| Total | 30,00,000 shares | 5,00,000 shares |
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