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Chemmanur Credits and Investments NCD Feb. 2024 vs Cholamandalam Investment NCD Tranche IV Jan. 2024

Comparision between Chemmanur Credits and Investments NCD Feb. 2024 and Cholamandalam Investment NCD Tranche IV Jan. 2024.

NCD Details

Chemmanur Credits and Investments NCD Feb. 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Cholamandalam Investment NCD Tranche IV Jan. 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Chemmanur Credits and Investments Limited Cholamandalam Investment and Finance Company Limited
Logo Chemmanur Credits and Investments NCD Feb. 2024 Logo Cholamandalam Investment NCD Tranche IV Jan. 2024 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) RHP (Shelf)
NCD Rating
The NCDs proposed to be issued under the Issue has been rated IND BBB-/Stable by India Ratings and Research Private Limited.

The company has received a rating of ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Vivro Financial Services Private Limited A.K. Capital Services Limited
Debenture Trusties Mitcon Credentia Trusteeship Services Limited Idbi Trusteeship Services Ltd.
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. Chemmanur Credits and Investments NCD Feb. 2024 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Cholamandalam Investment NCD Tranche IV Jan. 2024 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  Chemmanur Credits and Investments Limited Cholamandalam Investment and Finance Company Limited
Issue Size (Base) ₹50.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹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 IND BBB-/Stable by India Ratings and Research Private Limited. IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited
Tenor 366 Days, 12, 18, 24, 36, 60, and 72 Months 24, 36 and 60 Months
Series Series I to VIII Series I to VI
Payment Frequency Monthly and Cumulative Annually and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Chemmanur Credits and Investments NCD Feb. 2024 and Cholamandalam Investment NCD Tranche IV Jan. 2024 is mentioned.

  Chemmanur Credits and Investments Limited Cholamandalam Investment and Finance Company Limited
Bid/Offer Opens On Feb 20, 2024 Jan 19, 2024
Bid/Offer Closes On Mar 04, 2024 Jan 25, 2024

Shares Offered to Different Investor Category

In Chemmanur Credits and Investments NCD Feb. 2024 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Cholamandalam Investment NCD Tranche IV Jan. 2024 QIBs portion includes 15,00,000 shares and 10,00,000 shares offered are offered to retail investors.

  Chemmanur Credits and Investments Limited Cholamandalam Investment and Finance Company Limited
Institutional 50,000 shares 15,00,000 shares
Non Institutional 2,00,000 shares 12,50,000 shares
HNI 12,50,000 shares
Retail 2,50,000 shares 10,00,000 shares
Others
Total 5,00,000 shares 50,00,000 shares

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