Comparison between Sakthi Fin NCD March 2020 and Tata Capital Housing NCD Jan 2020.
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 |  |  |
| 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 Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Dalmia Securities Pvt.Ltd. | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
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 |
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 |
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 |
