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Comparision between Cholamandalam Investment NCD Tranche II July 2023 and KLM Axiva Finvest NCD August 2023.
Cholamandalam Investment NCD Tranche II July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while KLM Axiva Finvest NCD August 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | KLM Axiva Finvest 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 company has received a rating of IND BBB-/Stable by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited | Vivro Financial Services Private Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Vistra Itcl India Limited |
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Cholamandalam Investment NCD Tranche II July 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva Finvest NCD August 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | KLM Axiva Finvest Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 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 | 5 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited | IND BBB-/Stable by India Ratings & Research Private Limited |
| Tenor | 22, 37 and 60 months | 400 days, 16, 18, 82 months, and 2, 3, 5 years |
| Series | Series I to VI | Series I to X |
| Payment Frequency | Annually and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche II July 2023 and KLM Axiva Finvest NCD August 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | KLM Axiva Finvest Limited | |
|---|---|---|
| Bid/Offer Opens On | Jul 28, 2023 | Aug 24, 2023 |
| Bid/Offer Closes On | Aug 03, 2023 | Sep 06, 2023 |
In Cholamandalam Investment NCD Tranche II July 2023 QIBs portion includes 15,00,000 shares and 10,00,000 shares offered are offered to retail investors. In KLM Axiva Finvest NCD August 2023 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | KLM Axiva Finvest Limited | |
|---|---|---|
| Institutional | 15,00,000 shares | 75,000 shares |
| Non Institutional | 12,50,000 shares | 3,00,000 shares |
| HNI | 12,50,000 shares | |
| Retail | 10,00,000 shares | 3,75,000 shares |
| Others | ||
| Total | 50,00,000 shares | 7,50,000 shares |
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