Free Account Opening + AMC Free Demat
Loading...

Shriram City NCD April 2019 vs SREI Infrastructure NCD april 2019

Comparision between Shriram City NCD April 2019 and SREI Infrastructure NCD april 2019.

NCD Details

Shriram City NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while SREI Infrastructure NCD april 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Shriram City Union Finance Limited SREI Infrastructure Finance Limited
Logo Shriram City NCD April 2019 Logo SREI Infrastructure NCD april 2019 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE 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)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

The Secured NCDs proposed to be issued under this Issue have been rated 'BWR AA+ (BWR Double A plus)'by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letters dated September 01, 2017 and
revalidated by letter dated March 01, 2019. The Unsecured Subordinated NCDs proposed to be issued under this Issue have been rated 'BWR AA+' (BWR Double A Plus) by BRICKWORK pursuant to letters dated September 01, 2017 and revalidated by letter dated March 01, 2019. Instruments with a rating of 'BWR AA+' (BWR Double A plus) by BRICKWORK are considered to have high degree of safety regarding timely servicing of financial obligations.

Registrar Integrated Registry Management Services Private Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited

Edelweiss Financial Services Ltd
Karvy Investor Services Limited

Smc Capitals Limited

Srei Capital Markets Ltd
Debenture Trusties
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. Shriram City NCD April 2019 issue size is ₹750.00 Cr at an issue price of ₹1,000.00 per NCD. SREI Infrastructure NCD april 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Shriram City Union Finance Limited SREI Infrastructure Finance Limited
Issue Size (Base) ₹750.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹3,000.00 Cr ₹1,500.00 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 CARE AA+/Stable, CRISIL AA/Stable BWR AA+/Stable
Tenor 24 months/ 36 months/ 60 months 400 days/ 3 years/ 5 years
Series

Series 1 to Series 8

Series 1 to Series 8

Payment Frequency Monthly, Annual and Cumulative Monthly/ Annual
Coupon Incentive

NCD Timetable

Offering period of Shriram City NCD April 2019 and SREI Infrastructure NCD april 2019 is mentioned.

  Shriram City Union Finance Limited SREI Infrastructure Finance Limited
Bid/Offer Opens On Apr 05, 2019 Apr 09, 2019
Bid/Offer Closes On May 03, 2019 May 09, 2019

Shares Offered to Different Investor Category

In Shriram City NCD April 2019 QIBs portion includes and offered are offered to retail investors. In SREI Infrastructure NCD april 2019 QIBs portion includes and offered are offered to retail investors.

  Shriram City Union Finance Limited SREI Infrastructure Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

Comments

Add a public comment...