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Comparision between Cholamandalam Investment NCD Tranche I April 2023 and Sakthi Finance NCD April 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 Sakthi Finance NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | Sakthi Finance 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 NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. An instrument with such a rating is expected to have a moderate degree of safety regarding the timely servicing of debt financial obligations. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited | Bonanza Portfolio Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Catalyst Trusteeship 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. Sakthi Finance NCD April 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹200.00 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 | ICRA BBB (Stable) |
| Tenor | 22, 37 and 60 months | 24, 36, 48, 60 and 85 months |
| Series | Series I to VI | Series I to IX |
| Payment Frequency | Annually and Cumulative | Monthly and Cumulative |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche I April 2023 and Sakthi Finance NCD April 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Apr 25, 2023 | Apr 17, 2023 |
| Bid/Offer Closes On | Apr 27, 2023 | Apr 28, 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 Sakthi Finance NCD April 2023 QIBs portion includes 50,000 shares and 4,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Sakthi Finance Limited | |
|---|---|---|
| Institutional | 10,00,000 shares | 50,000 shares |
| Non Institutional | 12,50,000 shares | 1,50,000 shares |
| HNI | 12,50,000 shares | 4,00,000 shares |
| Retail | 15,00,000 shares | 4,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 10,00,000 shares |
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