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Comparision between Cholamandalam Investment NCD Tranche III Nov. 2023 and Incred Financial Services October 2023 NCD.
Cholamandalam Investment NCD Tranche III Nov. 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Incred Financial Services October 2023 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | Incred 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 have been rated 'CRISIL A+/Stable' by CRISIL Ratings Limited. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited | Jm Financial Limited InCred Capital Wealth Portfolio Managers Private Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Catalyst Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
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. Incred Financial Services October 2023 NCD issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | Incred Financial Services Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹300.00 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 CRISIL Ratings Limited. |
| Tenor | 24, 36 and 60 Months | 18, 24 and 36 months |
| Series | Series I to VI | Series I to V |
| Payment Frequency | Annually and Cumulative | Monthly, Quarterly and Annually |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche III Nov. 2023 and Incred Financial Services October 2023 NCD is mentioned.
| Cholamandalam Investment and Finance Company Limited | Incred Financial Services Limited | |
|---|---|---|
| Bid/Offer Opens On | Nov 28, 2023 | Oct 25, 2023 |
| Bid/Offer Closes On | Dec 01, 2023 | Nov 07, 2023 |
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 Incred Financial Services October 2023 NCD QIBs portion includes 75,000 shares and 6,75,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Incred Financial Services Limited | |
|---|---|---|
| Institutional | 10,00,000 shares | 75,000 shares |
| Non Institutional | 17,50,000 shares | 1,50,000 shares |
| HNI | 12,50,000 shares | 6,00,000 shares |
| Retail | 10,00,000 shares | 6,75,000 shares |
| Others | ||
| Total | 50,00,000 shares | 15,00,000 shares |
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