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Comparision between Cholamandalam Investment NCD Tranche I April 2023 and Navi Finserv NCD July 2023.
Cholamandalam Investment NCD Tranche I April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Navi Finserv NCD July 2023 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 under the Issue have been rated as IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL Ratings Limited. The instrument with such a rating is expected to have an adequate degree of safety. |
| 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 I April 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD July 2023 issue size is ₹250.00 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 | ₹250.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹500.00 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 | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited | IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL |
| Tenor | 22, 37 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 I April 2023 and Navi Finserv NCD July 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Navi Finserv Limited | |
|---|---|---|
| Bid/Offer Opens On | Apr 25, 2023 | Jul 10, 2023 |
| Bid/Offer Closes On | Apr 27, 2023 | Jul 13, 2023 |
In Cholamandalam Investment NCD Tranche I April 2023 QIBs portion includes 10,00,000 shares and 15,00,000 shares offered are offered to retail investors. In Navi Finserv NCD July 2023 QIBs portion includes 7,50,000 shares and 0 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Navi Finserv Limited | |
|---|---|---|
| Institutional | 10,00,000 shares | 7,50,000 shares |
| Non Institutional | 12,50,000 shares | 0 shares |
| HNI | 12,50,000 shares | 0 shares |
| Retail | 15,00,000 shares | 0 shares |
| Others | ||
| Total | 50,00,000 shares | 25,00,000 shares |
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