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Edelweiss Financial NCD Tranche III July 2023 vs Power Finance Corporation NCD July 2023

Comparision between Edelweiss Financial NCD Tranche III July 2023 and Power Finance Corporation NCD July 2023.

NCD Details

Edelweiss Financial NCD Tranche III July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Power Finance Corporation NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Edelweiss Financial Services Limited Power Finance Corporation Limited
Logo Edelweiss Financial NCD Tranche III July 2023 Logo Power Finance Corporation NCD July 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE 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 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.

The NCDs proposed to be issued under the issue have been rated "CARE AAA, Stable" by CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Limited, and "ICRA AAA, Stable" by ICRA Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Equirus Capital Private Limited Jm Financial Limited

A.K. Capital Services Limited

Smc Capitals Limited

Trust Investment Advisors Private Limited

Nuvama Wealth Management Limited
Debenture Trusties Beacon Trusteeship Limited Beacon Trusteeship Limited
NRI Allowed No No
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. Edelweiss Financial NCD Tranche III July 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Power Finance Corporation NCD July 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Limited Power Finance Corporation Limited
Issue Size (Base) ₹300.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹1,000.00 Cr ₹5,000.00 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 CRISIL AA-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited
Tenor 24, 36, 60 and 120 Months 3, 10, and 15 years
Series

Series I to X

Series I to III

Payment Frequency Annual and Monthly Annually
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD Tranche III July 2023 and Power Finance Corporation NCD July 2023 is mentioned.

  Edelweiss Financial Services Limited Power Finance Corporation Limited
Bid/Offer Opens On Jul 04, 2023 Jul 21, 2023
Bid/Offer Closes On Jul 17, 2023 Jul 26, 2023

Shares Offered to Different Investor Category

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. In Power Finance Corporation NCD July 2023 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors.

  Edelweiss Financial Services Limited Power Finance Corporation Limited
Institutional 1,50,000 shares 5,00,000 shares
Non Institutional 1,50,000 shares 5,00,000 shares
HNI 6,00,000 shares 20,00,000 shares
Retail 6,00,000 shares 20,00,000 shares
Others
Total 15,00,000 shares 50,00,000 shares

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