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Comparision between Cholamandalam Investment NCD Tranche I April 2023 and Edelweiss Financial NCD Tranche III July 2023.
Cholamandalam Investment NCD Tranche I April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Edelweiss Financial NCD Tranche III July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | Edelweiss Financial Services 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) | ||
| 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 the issue have been rated "CRISIL AA-/" Negative by CRISIL Ratings Limited and "ACUITE AA-/" Negative Acuite Ratings & Research Limited. |
| Registrar | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited | Equirus Capital Private Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Beacon Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Cholamandalam Investment NCD Tranche I April 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Edelweiss Financial NCD Tranche III July 2023 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | Edelweiss Financial Services Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹1,000.00 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 | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited | CRISIL AA-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited |
| 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 | Annual and Monthly |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche I April 2023 and Edelweiss Financial NCD Tranche III July 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Edelweiss Financial Services Limited | |
|---|---|---|
| Bid/Offer Opens On | Apr 25, 2023 | Jul 04, 2023 |
| Bid/Offer Closes On | Apr 27, 2023 | Jul 17, 2023 |
In Cholamandalam Investment NCD Tranche I April 2023 QIBs portion includes 10,00,000 shares and 15,00,000 shares offered are offered to retail investors. In Edelweiss Financial NCD Tranche III July 2023 QIBs portion includes 1,50,000 shares and 6,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Edelweiss Financial Services Limited | |
|---|---|---|
| Institutional | 10,00,000 shares | 1,50,000 shares |
| Non Institutional | 12,50,000 shares | 1,50,000 shares |
| HNI | 12,50,000 shares | 6,00,000 shares |
| Retail | 15,00,000 shares | 6,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 15,00,000 shares |
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