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CreditAccess Grameen Tranche II NCD 2023 vs Nido Home Finance NCD Aug 2023

Comparision between CreditAccess Grameen Tranche II NCD 2023 and Nido Home Finance NCD Aug 2023.

NCD Details

CreditAccess Grameen Tranche II NCD 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Nido Home Finance NCD Aug 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  CreditAccess Grameen Limited Nido Home Finance Limited
Logo CreditAccess Grameen Tranche II NCD 2023 Logo Nido Home Finance NCD Aug 2023 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) DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the 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 the Issue have been rated "CRISIL AA-/Negative" (pronounced as CRISIL double A minus rating with negative outlook) for an amount of ₹ 1,500 million by CRISIL Ratings Limited and;"[ICRA] A+ (Stable)" for an amount of ₹ 1,500 million by ICRA Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited Trust Investment Advisors Private Limited

Nuvama Wealth Management Limited

Tipsons Consultancy Services Private Limited
Debenture Trusties Catalyst Trusteeship Limited Beacon 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 Tranche II NCD 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Nido Home Finance NCD Aug 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.

  CreditAccess Grameen Limited Nido Home Finance Limited
Issue Size (Base) ₹1,000.00 Cr ₹75.00 Cr
Issue Size (Shelf) ₹1,500.00 Cr ₹150.00 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

CRISIL AA-/Negative & [ICRA] A+ (Stable)

Tenor 24, 33 and 60 months 24, 36, 60 and 120 months
Series

Series I to VIII

Series I to X

Payment Frequency Monthly and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of CreditAccess Grameen Tranche II NCD 2023 and Nido Home Finance NCD Aug 2023 is mentioned.

  CreditAccess Grameen Limited Nido Home Finance Limited
Bid/Offer Opens On Aug 24, 2023 Aug 30, 2023
Bid/Offer Closes On Sep 01, 2023 Sep 12, 2023

Shares Offered to Different Investor Category

In CreditAccess Grameen Tranche II NCD 2023 QIBs portion includes 10,00,000 shares and 10,00,000 shares offered are offered to retail investors. In Nido Home Finance NCD Aug 2023 QIBs portion includes 75,000 shares and 3,00,000 shares offered are offered to retail investors.

  CreditAccess Grameen Limited Nido Home Finance Limited
Institutional 10,00,000 shares 75,000 shares
Non Institutional 12,00,000 shares 75,000 shares
HNI 8,00,000 shares 3,00,000 shares
Retail 10,00,000 shares 3,00,000 shares
Others
Total 40,00,000 shares 7,50,000 shares

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