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Comparision between Cholamandalam Investment NCD Tranche III Nov. 2023 and ICL Fincorp NCD Nov 2023.
Cholamandalam Investment NCD Tranche III Nov. 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | ICL Fincorp 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 have been rated 'ACUITE BBB-' by Acuité. |
| Registrar | Kfin Technologies Limited | Cameo Corporate Services Limited |
| Lead Managers | A.K. Capital Services Limited | Saffron Capital Advisors Private Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Mitcon Credentia Trusteeship Services 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 III Nov. 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | ICL Fincorp Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹100.00 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 | IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited | ACUITE BBB- with stable outlook by Acuité |
| Tenor | 24, 36 and 60 Months | 13, 24, 36, 60 and 68 months |
| Series | Series I to VI | Series I to X |
| Payment Frequency | Annually and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche III Nov. 2023 and ICL Fincorp NCD Nov 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | ICL Fincorp Limited | |
|---|---|---|
| Bid/Offer Opens On | Nov 28, 2023 | Nov 28, 2023 |
| Bid/Offer Closes On | Dec 01, 2023 | Dec 11, 2023 |
In Cholamandalam Investment NCD Tranche III Nov. 2023 QIBs portion includes 10,00,000 shares and 10,00,000 shares offered are offered to retail investors. In ICL Fincorp NCD Nov 2023 QIBs portion includes 10,000 shares and 7,50,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | ICL Fincorp Limited | |
|---|---|---|
| Institutional | 10,00,000 shares | 10,000 shares |
| Non Institutional | 17,50,000 shares | 40,000 shares |
| HNI | 12,50,000 shares | 2,00,000 shares |
| Retail | 10,00,000 shares | 7,50,000 shares |
| Others | ||
| Total | 50,00,000 shares | 10,00,000 shares |
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