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