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Navi Finserv NCD February 2024 vs Sakthi Finance NCD February 2024

Comparision between Navi Finserv NCD February 2024 and Sakthi Finance NCD February 2024.

NCD Details

Navi Finserv NCD February 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD February 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Navi Finserv Limited Sakthi Finance Limited
Logo Navi Finserv NCD February 2024 Logo Sakthi Finance NCD February 2024 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 DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating
The NCDs proposed to be issued pursuant to this Issue have been rated CRISIL A/Stable by CRISIL.

The NCDs proposed to be issued by the company are rated [ICRA] BBB (Stable) by ICRA Limited (ICRA).

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Jm Financial Limited Bonanza Portfolio Limited
Debenture Trusties Catalyst Trusteeship Limited Catalyst Trusteeship Limited
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. Navi Finserv NCD February 2024 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD February 2024 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Navi Finserv Limited Sakthi Finance Limited
Issue Size (Base) ₹300.00 Cr ₹100.00 Cr
Issue Size (Shelf)
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 CRISIL A/Stable by CRISIL. [ICRA] BBB (Stable) by ICRA Limited (ICRA).
Tenor 18, 27 and 36 months 24, 36, 60 and 85 Months
Series Series I to V Series I to VII
Payment Frequency Monthly and Annually Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Navi Finserv NCD February 2024 and Sakthi Finance NCD February 2024 is mentioned.

  Navi Finserv Limited Sakthi Finance Limited
Bid/Offer Opens On Feb 26, 2024 Feb 08, 2024
Bid/Offer Closes On Mar 07, 2024 Feb 21, 2024

Shares Offered to Different Investor Category

In Navi Finserv NCD February 2024 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors. In Sakthi Finance NCD February 2024 QIBs portion includes 50,000 shares and 4,00,000 shares offered are offered to retail investors.

  Navi Finserv Limited Sakthi Finance Limited
Institutional 6,00,000 shares 50,000 shares
Non Institutional 7,50,000 shares 1,50,000 shares
HNI 7,50,000 shares 4,00,000 shares
Retail 9,00,000 shares 4,00,000 shares
Others
Total 30,00,000 shares 10,00,000 shares

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