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India Infoline NCD Aug 2019 vs Tata Capital NCD Aug 2019

Comparision between India Infoline NCD Aug 2019 and Tata Capital NCD Aug 2019.

NCD Details

India Infoline NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Tata Capital NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  India Infoline Finance Limited Tata Capital Financial Services Ltd
Logo India Infoline NCD Aug 2019 Logo Tata Capital NCD Aug 2019 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE, NSE BSE, NSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base)
RHP (Base)
DRHP (Shelf) 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.

The NCDs proposed to be issued under this Tranche II Issue have been rated "CRISIL AAA / Stable" for an amount of up to Rs 7,50,000 lakh by CRISIL Limited vide its letter dated August 15, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 25, 2019 and have been rated "CARE AAA; Stable" for an amount up to Rs 7,50,000 lakh by CARE Ratings Limited vide its letter dated August 14, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 26, 2019. The ratings of the NCDs issued by CRISIL Limited indicate highest degree of safety regarding timely servicing of financial obligations.

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Edelweiss Financial Services Ltd

ICICI Securities Limited

Iifl Securities Ltd
A.K. Capital Services Limited

Axis Bank Limited

Edelweiss Financial Services Ltd
Debenture Trusties
NRI Allowed Yes Yes
Allotment Link Allotment Link 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. India Infoline NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Tata Capital NCD Aug 2019 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  India Infoline Finance Limited Tata Capital Financial Services Ltd
Issue Size (Base) ₹100.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹3,626.00 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 CRISIL AAA/Stable, CARE AAA/Stable
Tenor 15 months/ 39 months/ 69 months 3 years/ 5 years/ 8 years/ 10 years
Series

Series I to Series VI

Series I to Series IV

Payment Frequency Monthly, Quarterly and Annual Annual
Coupon Incentive

NCD Timetable

Offering period of India Infoline NCD Aug 2019 and Tata Capital NCD Aug 2019 is mentioned.

  India Infoline Finance Limited Tata Capital Financial Services Ltd
Bid/Offer Opens On Aug 06, 2019 Aug 13, 2019
Bid/Offer Closes On Aug 30, 2019 Aug 20, 2019

Shares Offered to Different Investor Category

In India Infoline NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In Tata Capital NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

  India Infoline Finance Limited Tata Capital Financial Services Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 50,00,000 shares

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