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