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Comparision between Cholamandalam Investment NCD Tranche II July 2023 and Navi Finserv NCD July 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 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 | 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. 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 II July 2023 and Navi Finserv NCD July 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Navi Finserv Limited | |
|---|---|---|
| Bid/Offer Opens On | Jul 28, 2023 | Jul 10, 2023 |
| Bid/Offer Closes On | Aug 03, 2023 | Jul 13, 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 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 | 15,00,000 shares | 7,50,000 shares |
| Non Institutional | 12,50,000 shares | 0 shares |
| HNI | 12,50,000 shares | 0 shares |
| Retail | 10,00,000 shares | 0 shares |
| Others | ||
| Total | 50,00,000 shares | 25,00,000 shares |
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