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Comparision between Cholamandalam Investment NCD Tranche II July 2023 and Power Finance Corporation 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 Power Finance Corporation NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | Power Finance Corporation Limited | |
|---|---|---|
| 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) | ||
| RHP (Base) | RHP  |
RHP |
| DRHP (Shelf) | DRHP (Shelf) |
DRHP (Shelf) |
| RHP (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 "CARE AAA, Stable" by CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Limited, and "ICRA AAA, Stable" by ICRA Limited. |
| Registrar | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited | Jm Financial Limited A.K. Capital Services Limited Smc Capitals Limited Trust Investment Advisors Private Limited Nuvama Wealth Management Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Beacon 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. Power Finance Corporation NCD July 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | Power Finance Corporation Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹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 | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited | CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited |
| Tenor | 22, 37 and 60 months | 3, 10, and 15 years |
| Series | Series I to VI | Series I to III |
| Payment Frequency | Annually and Cumulative | Annually |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche II July 2023 and Power Finance Corporation NCD July 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Power Finance Corporation Limited | |
|---|---|---|
| Bid/Offer Opens On | Jul 28, 2023 | Jul 21, 2023 |
| Bid/Offer Closes On | Aug 03, 2023 | Jul 26, 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 Power Finance Corporation NCD July 2023 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Power Finance Corporation Limited | |
|---|---|---|
| Institutional | 15,00,000 shares | 5,00,000 shares |
| Non Institutional | 12,50,000 shares | 5,00,000 shares |
| HNI | 12,50,000 shares | 20,00,000 shares |
| Retail | 10,00,000 shares | 20,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 50,00,000 shares |
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