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CreditAccess Grameen NCD 2022 vs National Highways Infra Trust NCD Oct 2022

Comparision between CreditAccess Grameen NCD 2022 and National Highways Infra Trust NCD Oct 2022.

NCD Details

CreditAccess Grameen NCD 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while National Highways Infra Trust NCD Oct 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  CreditAccess Grameen Limited National Highways Infra Trust
Logo CreditAccess Grameen NCD 2022 Logo National Highways Infra Trust NCD Oct 2022 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) DRHP DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Tranche I Issue have been rated IND AA-/Stable for an amount of Rs. 1500 Crores by India Ratings & Research Private Limited.

The NCDs proposed to be issued under this Issue have been rated PROVISIONAL CARE AAA; Stable' by CARE Ratings Limited for an amount of up to Rs 15,000 million by way of their letter dated August 25, 2022 and further revalidated on September 23, 2022 and rated as 'PROVISIONAL IND AAA/Stable' by India Ratings and Research Private Limited for an amount of up to Rs 15,000 million.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited Jm Financial Limited

A.K. Capital Services Limited

ICICI Securities Limited

SBI Capital Markets Limited

Trust Investment Advisors Private Limited
Debenture Trusties Catalyst Trusteeship Limited
NRI Allowed No No
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. CreditAccess Grameen NCD 2022 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. National Highways Infra Trust NCD Oct 2022 issue size is ₹750.00 Cr at a issue price of ₹1,000.00 per NCD.

  CreditAccess Grameen Limited National Highways Infra Trust
Issue Size (Base) ₹250.00 Cr ₹750.00 Cr
Issue Size (Shelf) ₹1,500.00 Cr ₹750.00 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 PROVISIONAL CARE AAA;Stable by CARE Ratings and PROVISIONAL IND AAA/Stable’ by India Ratings and Research Private Ltd
Tenor 24, 36 and 60 months 13 years, 18 years and 25 years
Series

Series I to VI

Series I to III

Payment Frequency Monthly and Cumulative Semi-Annual
Coupon Incentive

NCD Timetable

Offering period of CreditAccess Grameen NCD 2022 and National Highways Infra Trust NCD Oct 2022 is mentioned.

  CreditAccess Grameen Limited National Highways Infra Trust
Bid/Offer Opens On Nov 14, 2022 Oct 17, 2022
Bid/Offer Closes On Nov 17, 2022 Oct 18, 2022

Shares Offered to Different Investor Category

In CreditAccess Grameen NCD 2022 QIBs portion includes 6,25,000 shares and 6,25,000 shares offered are offered to retail investors. In National Highways Infra Trust NCD Oct 2022 QIBs portion includes 18,75,000 shares and 18,75,000 shares offered are offered to retail investors.

  CreditAccess Grameen Limited National Highways Infra Trust
Institutional 6,25,000 shares 18,75,000 shares
Non Institutional 8,75,000 shares 18,75,000 shares
HNI 3,75,000 shares 18,75,000 shares
Retail 6,25,000 shares 18,75,000 shares
Others
Total 25,00,000 shares 75,00,000 shares

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