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Comparision between Cholamandalam Investment NCD Tranche IV Jan. 2024 and Navi Finserv NCD February 2024.
Cholamandalam Investment NCD Tranche IV Jan. 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Navi Finserv NCD February 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Cholamandalam Investment and Finance Company Limited | Navi Finserv Limited | |
|---|---|---|
| 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  |
|
| 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 NCDs proposed to be issued pursuant to this Issue have been rated CRISIL A/Stable by CRISIL. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited | Jm Financial Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Catalyst Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link |
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. Navi Finserv NCD February 2024 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | Navi Finserv Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹300.00 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 | 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 | CRISIL A/Stable by CRISIL. |
| Tenor | 24, 36 and 60 Months | 18, 27 and 36 months |
| Series | Series I to VI | Series I to V |
| Payment Frequency | Annually and Cumulative | Monthly and Annually |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche IV Jan. 2024 and Navi Finserv NCD February 2024 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Navi Finserv Limited | |
|---|---|---|
| Bid/Offer Opens On | Jan 19, 2024 | Feb 26, 2024 |
| Bid/Offer Closes On | Jan 25, 2024 | Mar 07, 2024 |
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 Navi Finserv NCD February 2024 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Navi Finserv Limited | |
|---|---|---|
| Institutional | 15,00,000 shares | 6,00,000 shares |
| Non Institutional | 12,50,000 shares | 7,50,000 shares |
| HNI | 12,50,000 shares | 7,50,000 shares |
| Retail | 10,00,000 shares | 9,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 30,00,000 shares |
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