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Comparision between Cholamandalam Investment NCD Tranche II July 2023 and Nido Home Finance NCD Aug 2023.
Cholamandalam Investment NCD Tranche II July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Nido Home Finance NCD Aug 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | Nido Home 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 NCDs proposed to be issued under the Issue have been rated "CRISIL AA-/Negative" (pronounced as CRISIL double A minus rating with negative outlook) for an amount of ₹ 1,500 million by CRISIL Ratings Limited and;"[ICRA] A+ (Stable)" for an amount of ₹ 1,500 million by ICRA Limited. |
| Registrar | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited | Trust Investment Advisors Private Limited Nuvama Wealth Management Limited Tipsons Consultancy Services Private Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Beacon Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
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. Nido Home Finance NCD Aug 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | Nido Home Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹150.00 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-/Negative & [ICRA] A+ (Stable) |
| Tenor | 22, 37 and 60 months | 24, 36, 60 and 120 months |
| Series | Series I to VI | Series I to X |
| Payment Frequency | Annually and Cumulative | Monthly and Annually |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche II July 2023 and Nido Home Finance NCD Aug 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Nido Home Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Jul 28, 2023 | Aug 30, 2023 |
| Bid/Offer Closes On | Aug 03, 2023 | Sep 12, 2023 |
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 Nido Home Finance NCD Aug 2023 QIBs portion includes 75,000 shares and 3,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Nido Home Finance Limited | |
|---|---|---|
| Institutional | 15,00,000 shares | 75,000 shares |
| Non Institutional | 12,50,000 shares | 75,000 shares |
| HNI | 12,50,000 shares | 3,00,000 shares |
| Retail | 10,00,000 shares | 3,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 7,50,000 shares |
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