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Comparision between Sakthi Finance NCD April 2019 and Shriram Transport Finance NCD July 2019.
Sakthi Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram Transport Finance NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Sakthi Finance Limited | Shriram Transport Finance Company Ltd | |
|---|---|---|
| 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/109/18-19 dated February 11, 2019, assigned and vide its letter no. Reval/Chen/145/18-19 dated March 25, 2019 revalidated, a rating of "[ICRA] BBB (Stable)" for an amount up to Rs 15,000 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 |
The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June |
| Registrar | S.K.D.C Consultants Limited | Integrated Registry Management Services Private Limited |
| Lead Managers | Dalmia Securities Private Limited | A.K. Capital Services Limited Jm Financial Limited Smc Capitals Limited |
| Debenture Trusties | ||
| NRI Allowed | No | Yes |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Sakthi Finance NCD April 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram Transport Finance NCD July 2019 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| Sakthi Finance Limited | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹50.00 Cr | ₹10,000.00 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 | CARE AA+/Stable, CRISIL AA+/Stable |
| Tenor | 24 months/36 months/48 months/61 months | Annual, Cumulative, and Monthly |
| Series | Series 1 to Series 11 |
Series I to Series X |
| Payment Frequency | Monthly, Annual and Cumulative | 30 months/42 months/60 months/84 months |
| Coupon Incentive |
Offering period of Sakthi Finance NCD April 2019 and Shriram Transport Finance NCD July 2019 is mentioned.
| Sakthi Finance Limited | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Bid/Offer Opens On | Apr 10, 2019 | Jul 17, 2019 |
| Bid/Offer Closes On | May 09, 2019 | Aug 16, 2019 |
In Sakthi Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors. In Shriram Transport Finance NCD July 2019 QIBs portion includes and offered are offered to retail investors.
| Sakthi Finance Limited | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 30,00,000 shares |
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