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Cholamandalam Investment NCD Tranche III Nov. 2023 vs Indiabulls Housing Fin. Tranche III NCD Oct 2023

Comparision between Cholamandalam Investment NCD Tranche III Nov. 2023 and Indiabulls Housing Fin. Tranche III NCD Oct 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 Indiabulls Housing Fin. Tranche III NCD Oct 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Cholamandalam Investment and Finance Company Limited Indiabulls Housing Finance Limited
Logo Cholamandalam Investment NCD Tranche III Nov. 2023 Logo Indiabulls Housing Fin. Tranche III NCD Oct 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/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited Nuvama Wealth Management Limited

Elara Capital (India) Private Limited

Trust Investment Advisors Private Limited
Debenture Trusties Idbi Trusteeship Services Ltd. Idbi Trusteeship Services Ltd.
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. Indiabulls Housing Fin. Tranche III NCD Oct 2023 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  Cholamandalam Investment and Finance Company Limited Indiabulls Housing Finance Limited
Issue Size (Base) ₹500.00 Cr ₹200.00 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/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited
Tenor 24, 36 and 60 Months 24, 36, 60, 84 and 120 Months
Series Series I to VI

Series I to XII

Payment Frequency Annually and Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Cholamandalam Investment NCD Tranche III Nov. 2023 and Indiabulls Housing Fin. Tranche III NCD Oct 2023 is mentioned.

  Cholamandalam Investment and Finance Company Limited Indiabulls Housing Finance Limited
Bid/Offer Opens On Nov 28, 2023 Oct 20, 2023
Bid/Offer Closes On Dec 01, 2023 Nov 03, 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 Indiabulls Housing Fin. Tranche III NCD Oct 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.

  Cholamandalam Investment and Finance Company Limited Indiabulls Housing Finance Limited
Institutional 10,00,000 shares 3,00,000 shares
Non Institutional 17,50,000 shares 1,00,000 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 10,00,000 shares

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