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Cholamandalam Investment NCD Tranche III Nov. 2023 vs Kosamattam Finance NCD January 2024

Comparision between Cholamandalam Investment NCD Tranche III Nov. 2023 and Kosamattam Finance NCD January 2024.

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 Kosamattam Finance NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Cholamandalam Investment and Finance Company Limited Kosamattam Finance Limited
Logo Cholamandalam Investment NCD Tranche III Nov. 2023 Logo Kosamattam Finance NCD January 2024 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 this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited Smc Capitals Limited
Debenture Trusties Idbi Trusteeship Services Ltd. Vistra Itcl India 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. Kosamattam Finance NCD January 2024 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Cholamandalam Investment and Finance Company Limited Kosamattam Finance Limited
Issue Size (Base) ₹500.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹5,000.00 Cr ₹200.00 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 IND A-/Stable by India Ratings
Tenor 24, 36 and 60 Months 18, 24, 30, 36, 39, 48, 54, and 88 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 III Nov. 2023 and Kosamattam Finance NCD January 2024 is mentioned.

  Cholamandalam Investment and Finance Company Limited Kosamattam Finance Limited
Bid/Offer Opens On Nov 28, 2023 Jan 01, 2024
Bid/Offer Closes On Dec 01, 2023 Jan 12, 2024

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 Kosamattam Finance NCD January 2024 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.

  Cholamandalam Investment and Finance Company Limited Kosamattam Finance Limited
Institutional 10,00,000 shares 1,00,000 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 5,00,000 shares
Others
Total 50,00,000 shares 10,00,000 shares

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