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Comparision between Cholamandalam Investment NCD Tranche IV Jan. 2024 and Edelweiss Financial Services NCD January 2024.
Cholamandalam Investment NCD Tranche IV Jan. 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Edelweiss Financial Services NCD January 2024 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) | 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 CRISIL A+/Stable by CRISIL Ratings Limited and ICRA A+ (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 | Trust Investment Advisors Private Limited Nuvama Wealth Management 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 IV Jan. 2024 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Edelweiss Financial Services NCD January 2024 issue size is ₹125.00 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 | ₹125.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹250.00 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 A+/Stable by by CRISIL Ratings Limited and “[ICRA] A+ ” by ICRA Limited |
| Tenor | 24, 36 and 60 Months | 24, 36, 60 and 120 Months |
| Series | Series I to VI | Series I to X |
| Payment Frequency | Annually and Cumulative | Monthly and Annually |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche IV Jan. 2024 and Edelweiss Financial Services NCD January 2024 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Edelweiss Financial Services Limited | |
|---|---|---|
| Bid/Offer Opens On | Jan 19, 2024 | Jan 09, 2024 |
| Bid/Offer Closes On | Jan 25, 2024 | Jan 22, 2024 |
In Cholamandalam Investment NCD Tranche IV Jan. 2024 QIBs portion includes 15,00,000 shares and 10,00,000 shares offered are offered to retail investors. In Edelweiss Financial Services NCD January 2024 QIBs portion includes 1,25,000 shares and 5,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Edelweiss Financial Services Limited | |
|---|---|---|
| Institutional | 15,00,000 shares | 1,25,000 shares |
| Non Institutional | 12,50,000 shares | 1,25,000 shares |
| HNI | 12,50,000 shares | 5,00,000 shares |
| Retail | 10,00,000 shares | 5,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 12,50,000 shares |
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