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Cholamandalam Investment NCD Tranche I April 2023 vs Muthoot Fincorp NCD April 2023

Comparision between Cholamandalam Investment NCD Tranche I April 2023 and Muthoot Fincorp NCD April 2023.

NCD Details

Cholamandalam Investment NCD Tranche I April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Fincorp NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Cholamandalam Investment and Finance Company Limited Muthoot Fincorp Limited
Logo Cholamandalam Investment NCD Tranche I April 2023 Logo Muthoot Fincorp NCD April 2023 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 rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Registrar Kfin Technologies Limited Integrated Registry Management Services Private Limited
Lead Managers A.K. Capital Services Limited Smc Capitals Limited
Debenture Trusties Idbi Trusteeship Services Ltd. Vardhman Trusteeship Private 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. Cholamandalam Investment NCD Tranche I April 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD April 2023 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.

  Cholamandalam Investment and Finance Company Limited Muthoot Fincorp Limited
Issue Size (Base) ₹500.00 Cr ₹150.00 Cr
Issue Size (Shelf) ₹5,000.00 Cr ₹300.00 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 CRISIL AA-/Stable by CRISIL Ratings Limited
Tenor 22, 37 and 60 months 27, 42, 60 and 84 Months
Series Series I to VI

Series I to VIII

Payment Frequency Annually and Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Cholamandalam Investment NCD Tranche I April 2023 and Muthoot Fincorp NCD April 2023 is mentioned.

  Cholamandalam Investment and Finance Company Limited Muthoot Fincorp Limited
Bid/Offer Opens On Apr 25, 2023 Apr 12, 2023
Bid/Offer Closes On Apr 27, 2023 Apr 26, 2023

Shares Offered to Different Investor Category

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 Muthoot Fincorp NCD April 2023 QIBs portion includes 75,000 shares and 9,00,000 shares offered are offered to retail investors.

  Cholamandalam Investment and Finance Company Limited Muthoot Fincorp Limited
Institutional 10,00,000 shares 75,000 shares
Non Institutional 12,50,000 shares 5,25,000 shares
HNI 12,50,000 shares
Retail 15,00,000 shares 9,00,000 shares
Others
Total 50,00,000 shares 15,00,000 shares

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