Comparison between 360 ONE Prime Tranche I NCD January 2024 and Cholamandalam Investment NCD Tranche IV Jan. 2024.
360 ONE Prime Tranche I NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Cholamandalam Investment NCD Tranche IV Jan. 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| 360 ONE Prime Ltd. | Cholamandalam Investment & Finance Co.Ltd. | |
|---|---|---|
| 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) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | DRHP (Shelf) |
| RHP (Shelf) | RHP (Shelf) | RHP (Shelf) |
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook. | 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. |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | IIFL Capital Services Ltd. A.K.Capital Services Ltd. JM Financial Ltd. | A.K.Capital Services Ltd. |
| Debenture Trustees | Beacon Trusteeship Ltd. | IDBI Trusteeship Services Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. 360 ONE Prime Tranche I NCD January 2024 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Cholamandalam Investment NCD Tranche IV Jan. 2024 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| 360 ONE Prime Ltd. | Cholamandalam Investment & Finance Co.Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹1,500.00 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 | “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited | IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited |
| Tenor | 18, 24, 36 and 60 months | 24, 36 and 60 Months |
| Series | Series I to VIII | Series I to VI |
| Payment Frequency | Monthly and Annually | Annually and Cumulative |
Offering period of 360 ONE Prime Tranche I NCD January 2024 and Cholamandalam Investment NCD Tranche IV Jan. 2024 is mentioned.
| 360 ONE Prime Ltd. | Cholamandalam Investment & Finance Co.Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 11, 2024 | Jan 19, 2024 |
| Bid/Offer Closes On | Jan 15, 2024 | Jan 25, 2024 |
In 360 ONE Prime Tranche I NCD January 2024 QIBs portion includes 4,00,000 shares and 6,00,000 shares offered are offered to retail investors. In Cholamandalam Investment NCD Tranche IV Jan. 2024 QIBs portion includes 15,00,000 shares and 10,00,000 shares offered are offered to retail investors.
| 360 ONE Prime Ltd. | Cholamandalam Investment & Finance Co.Ltd. | |
|---|---|---|
| Institutional | 4,00,000 shares | 15,00,000 shares |
| Non Institutional | 4,00,000 shares | 12,50,000 shares |
| HNI | 6,00,000 shares | 12,50,000 shares |
| Retail | 6,00,000 shares | 10,00,000 shares |
| Others | ||
| Total | 20,00,000 shares | 50,00,000 shares |
