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Cholamandalam Investment NCD Tranche II July 2023 vs CreditAccess Grameen Tranche II NCD 2023

Comparision between Cholamandalam Investment NCD Tranche II July 2023 and CreditAccess Grameen Tranche II NCD 2023.

NCD Details

Cholamandalam Investment NCD Tranche II July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while CreditAccess Grameen Tranche II NCD 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Cholamandalam Investment and Finance Company Limited CreditAccess Grameen Limited
Logo Cholamandalam Investment NCD Tranche II July 2023 Logo CreditAccess Grameen Tranche II NCD 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE, NSE BSE, NSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base)
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 NCDs proposed to be issued under the Issue have been rated IND AA-/Stable for an amount of Rs 1500 Crores by India Ratings & Research Private Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited A.K. Capital Services Limited
Debenture Trusties Idbi Trusteeship Services Ltd. Catalyst Trusteeship Limited
NRI Allowed No No
Allotment Link Allotment Link 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 II July 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. CreditAccess Grameen Tranche II NCD 2023 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.

  Cholamandalam Investment and Finance Company Limited CreditAccess Grameen Limited
Issue Size (Base) ₹500.00 Cr ₹1,000.00 Cr
Issue Size (Shelf) ₹5,000.00 Cr ₹1,500.00 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 IND AA-/Stable
Tenor 22, 37 and 60 months 24, 33 and 60 months
Series Series I to VI

Series I to VIII

Payment Frequency Annually and Cumulative Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Cholamandalam Investment NCD Tranche II July 2023 and CreditAccess Grameen Tranche II NCD 2023 is mentioned.

  Cholamandalam Investment and Finance Company Limited CreditAccess Grameen Limited
Bid/Offer Opens On Jul 28, 2023 Aug 24, 2023
Bid/Offer Closes On Aug 03, 2023 Sep 01, 2023

Shares Offered to Different Investor Category

In Cholamandalam Investment NCD Tranche II July 2023 QIBs portion includes 15,00,000 shares and 10,00,000 shares offered are offered to retail investors. In CreditAccess Grameen Tranche II NCD 2023 QIBs portion includes 10,00,000 shares and 10,00,000 shares offered are offered to retail investors.

  Cholamandalam Investment and Finance Company Limited CreditAccess Grameen Limited
Institutional 15,00,000 shares 10,00,000 shares
Non Institutional 12,50,000 shares 12,00,000 shares
HNI 12,50,000 shares 8,00,000 shares
Retail 10,00,000 shares 10,00,000 shares
Others
Total 50,00,000 shares 40,00,000 shares

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