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Comparision between Cholamandalam Investment NCD Tranche I April 2023 and Indel Money NCD June 2023.
Cholamandalam Investment NCD Tranche I April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indel Money NCD June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | Indel Money 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 |
RHP |
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | 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. |
The company has received a rating of BBB +/Stable (pronounced as CRISIL triple B plus rating with Stable outlook) by Crisil Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited | Vivro Financial Services Private Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Vistra Itcl India Limited |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Cholamandalam Investment NCD Tranche I April 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Indel Money NCD June 2023 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | Indel Money Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹50.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹100.00 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 AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited | BBB +/Stable rating by Crisil Ratings Limited. |
| Tenor | 22, 37 and 60 months | 400 days, 24, 61, and 72 months. |
| Series | Series I to VI | Series I to VII |
| Payment Frequency | Annually and Cumulative | Monthly and Cumulative |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche I April 2023 and Indel Money NCD June 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Indel Money Limited | |
|---|---|---|
| Bid/Offer Opens On | Apr 25, 2023 | Jun 06, 2023 |
| Bid/Offer Closes On | Apr 27, 2023 | Jun 19, 2023 |
In Cholamandalam Investment NCD Tranche I April 2023 QIBs portion includes 10,00,000 shares and 15,00,000 shares offered are offered to retail investors. In Indel Money NCD June 2023 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Indel Money Limited | |
|---|---|---|
| Institutional | 10,00,000 shares | 50,000 shares |
| Non Institutional | 12,50,000 shares | 2,00,000 shares |
| HNI | 12,50,000 shares | |
| Retail | 15,00,000 shares | 2,50,000 shares |
| Others | ||
| Total | 50,00,000 shares | 5,00,000 shares |
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