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Comparision between India Infoline NCD Aug 2019 and Shriram City NCD Aug 2019.
India Infoline NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Shriram City NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
India Infoline Finance Limited | Shriram City Union Finance 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 | |
DRHP (Shelf) | DRHP (Shelf) | |
RHP (Shelf) | RHP (Shelf) | |
NCD Rating | The NCDs proposed to be issued under this Issue have been rated BWR AA+/Stable (pronounced as BWR Double A Plus with Stable outlook) for an amount of Rs.50,000 million by Brickworks Ratings India Private Limited vide their rating letter dated October 31, 2018, CRISIL AA/Stable (pronounced as CRISIL Double A rating with Stable outlook) for an amount of Rs.50,000 million by CRISIL Ratings Limited vide their rating letter dated November 1, 2018 and [ICRA] AA (Stable) (pronounced as ICRA Double A) for an amount of Rs.50,000 million by ICRA Limited vide their rating letter dated October 31, 2018. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
CDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto Rs 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019 and further revalidated on March 20, 2019 and further revalidated on August 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019 and further revalidated on August 9, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. |
Registrar | Link Intime India Private Ltd | Integrated Registry Management Services Private Limited |
Lead Managers | Edelweiss Financial Services Ltd ICICI Securities Limited Iifl Securities Ltd |
A.K. Capital Services Limited Edelweiss Financial Services Ltd |
Debenture Trusties | ||
NRI Allowed | Yes | No |
Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. India Infoline NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram City NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
India Infoline Finance Limited | Shriram City Union Finance Limited | |
---|---|---|
Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
Issue Size (Shelf) | ₹900.00 Cr | ₹900.00 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 | BWR AA+/Stable, CRISIL AA/Stable, ICRA AA/Stable | CARE AA+/Stable, CRISIL AA/Stable |
Tenor | 15 months/ 39 months/ 69 months | 24 months/ 36 months/ 60 months |
Series | Series I to Series VI |
Series I to Series VIII |
Payment Frequency | Monthly, Quarterly and Annual | Monthly/ Annual/ Cumulative |
Coupon Incentive |
Offering period of India Infoline NCD Aug 2019 and Shriram City NCD Aug 2019 is mentioned.
India Infoline Finance Limited | Shriram City Union Finance Limited | |
---|---|---|
Bid/Offer Opens On | Aug 06, 2019 | Aug 21, 2019 |
Bid/Offer Closes On | Aug 30, 2019 | Sep 19, 2019 |
In India Infoline NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In Shriram City NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.
India Infoline Finance Limited | Shriram City Union Finance Limited | |
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Institutional | ||
Non Institutional | ||
HNI | ||
Retail | ||
Others | ||
Total | 10,00,000 shares | 10,00,000 shares |
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