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Shriram City NCD Aug 2019 vs Tata Capital NCD Aug 2019

Comparision between Shriram City NCD Aug 2019 and Tata Capital NCD Aug 2019.

NCD Details

Shriram City NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Tata Capital NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Shriram City Union Finance Limited Tata Capital Financial Services Ltd
Logo Shriram City NCD Aug 2019 Logo Tata Capital NCD Aug 2019 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE, NSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP
RHP (Base) RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf)
NCD Rating

CDs 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 Rs 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019 and further revalidated on March 20, 2019 and further revalidated on August 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019 and further revalidated on August 9, 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 NCDs proposed to be issued under this Tranche II Issue have been rated "CRISIL AAA / Stable" for an amount of up to Rs 7,50,000 lakh by CRISIL Limited vide its letter dated August 15, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 25, 2019 and have been rated "CARE AAA; Stable" for an amount up to Rs 7,50,000 lakh by CARE Ratings Limited vide its letter dated August 14, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 26, 2019. The ratings of the NCDs issued by CRISIL Limited indicate highest 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
A.K. Capital Services Limited

Axis Bank Limited

Edelweiss Financial Services Ltd
Debenture Trusties
NRI Allowed No Yes
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 Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Tata Capital NCD Aug 2019 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  Shriram City Union Finance Limited Tata Capital Financial Services Ltd
Issue Size (Base) ₹100.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹3,626.00 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 CRISIL AAA/Stable, CARE AAA/Stable
Tenor 24 months/ 36 months/ 60 months 3 years/ 5 years/ 8 years/ 10 years
Series

Series I to Series VIII

Series I to Series IV

Payment Frequency Monthly/ Annual/ Cumulative Annual
Coupon Incentive

NCD Timetable

Offering period of Shriram City NCD Aug 2019 and Tata Capital NCD Aug 2019 is mentioned.

  Shriram City Union Finance Limited Tata Capital Financial Services Ltd
Bid/Offer Opens On Aug 21, 2019 Aug 13, 2019
Bid/Offer Closes On Sep 19, 2019 Aug 20, 2019

Shares Offered to Different Investor Category

In Shriram City NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In Tata Capital NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

  Shriram City Union Finance Limited Tata Capital Financial Services Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 50,00,000 shares

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