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Cholamandalam Investment NCD Tranche III Nov. 2023 vs IIFL Samasta Finance NCD Tranche I Nov 2023

Comparision between Cholamandalam Investment NCD Tranche III Nov. 2023 and IIFL Samasta Finance NCD Tranche I Nov 2023.

NCD Details

Cholamandalam Investment NCD Tranche III Nov. 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while IIFL Samasta Finance NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Cholamandalam Investment and Finance Company Limited IIFL Samasta Finance Limited
Logo Cholamandalam Investment NCD Tranche III Nov. 2023 Logo IIFL Samasta Finance NCD Tranche I Nov 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) DRHP (Shelf)
RHP (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 this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers A.K. Capital Services Limited Jm Financial Limited

Iifl Securities Ltd

Nuvama Wealth Management Limited

Trust Investment Advisors Private Limited
Debenture Trusties Idbi Trusteeship Services Ltd. Beacon Trusteeship Limited
NRI Allowed No No
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 III Nov. 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Samasta Finance NCD Tranche I Nov 2023 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.

  Cholamandalam Investment and Finance Company Limited IIFL Samasta Finance Limited
Issue Size (Base) ₹500.00 Cr ₹1,000.00 Cr
Issue Size (Shelf) ₹5,000.00 Cr ₹2,000.00 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 CRISIL AA-/ Positive by CRISIL Ratings Limited
Tenor 24, 36 and 60 Months 24, 36 and 60 Months
Series Series I to VI

Series I to VI

Payment Frequency Annually and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Cholamandalam Investment NCD Tranche III Nov. 2023 and IIFL Samasta Finance NCD Tranche I Nov 2023 is mentioned.

  Cholamandalam Investment and Finance Company Limited IIFL Samasta Finance Limited
Bid/Offer Opens On Nov 28, 2023 Dec 04, 2023
Bid/Offer Closes On Dec 01, 2023 Dec 15, 2023

Shares Offered to Different Investor Category

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 IIFL Samasta Finance NCD Tranche I Nov 2023 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors.

  Cholamandalam Investment and Finance Company Limited IIFL Samasta Finance Limited
Institutional 10,00,000 shares 2,00,000 shares
Non Institutional 17,50,000 shares 2,00,000 shares
HNI 12,50,000 shares 8,00,000 shares
Retail 10,00,000 shares 8,00,000 shares
Others
Total 50,00,000 shares 20,00,000 shares

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