Free Account Opening + AMC Free Demat
Loading...

Cholamandalam Investment NCD Tranche IV Jan. 2024 vs Muthoot Finance NCD Tranche III January 2024

Comparision between Cholamandalam Investment NCD Tranche IV Jan. 2024 and Muthoot Finance NCD Tranche III January 2024.

NCD Details

Cholamandalam Investment NCD Tranche IV Jan. 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Finance NCD Tranche III January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Cholamandalam Investment and Finance Company Limited Muthoot Finance Limited
Logo Cholamandalam Investment NCD Tranche IV Jan. 2024 Logo Muthoot Finance NCD Tranche III January 2024 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)
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf) DRHP (Shelf)
RHP (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 under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA Limited.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers A.K. Capital Services Limited A.K. Capital Services Limited
Debenture Trusties Idbi Trusteeship Services Ltd. Idbi Trusteeship Services Ltd.
NRI Allowed No No
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. Cholamandalam Investment NCD Tranche IV Jan. 2024 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Finance NCD Tranche III January 2024 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Cholamandalam Investment and Finance Company Limited Muthoot Finance Limited
Issue Size (Base) ₹500.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹5,000.00 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 IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited [ICRA] AA+/Stable by ICRA Limited
Tenor 24, 36 and 60 Months 24, 36, and 60 Months
Series Series I to VI Series I to VII
Payment Frequency Annually and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Cholamandalam Investment NCD Tranche IV Jan. 2024 and Muthoot Finance NCD Tranche III January 2024 is mentioned.

  Cholamandalam Investment and Finance Company Limited Muthoot Finance Limited
Bid/Offer Opens On Jan 19, 2024 Jan 08, 2024
Bid/Offer Closes On Jan 25, 2024 Jan 19, 2024

Shares Offered to Different Investor Category

In Cholamandalam Investment NCD Tranche IV Jan. 2024 QIBs portion includes 15,00,000 shares and 10,00,000 shares offered are offered to retail investors. In Muthoot Finance NCD Tranche III January 2024 QIBs portion includes 50,000 shares and 3,50,000 shares offered are offered to retail investors.

  Cholamandalam Investment and Finance Company Limited Muthoot Finance Limited
Institutional 15,00,000 shares 50,000 shares
Non Institutional 12,50,000 shares 3,00,000 shares
HNI 12,50,000 shares 3,00,000 shares
Retail 10,00,000 shares 3,50,000 shares
Others
Total 50,00,000 shares 10,00,000 shares

Comments

Add a public comment...