Comparison between Arka Fincap NCD Tranche I Nov 2023 and Cholamandalam Investment NCD Tranche III Nov. 2023.
Arka Fincap NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Cholamandalam Investment NCD Tranche III Nov. 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Arka Fincap 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-/Positive by CRISIL Ratings 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 | Nuvama Wealth Management Ltd. JM Financial Ltd. | A.K.Capital Services Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | IDBI Trusteeship Services Ltd. |
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Arka Fincap NCD Tranche I Nov 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Cholamandalam Investment NCD Tranche III Nov. 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Arka Fincap Ltd. | Cholamandalam Investment & Finance Co.Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹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-/ Positive” by CRISIL Ratings Limited | IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited |
| Tenor | 24, 36 and 60 Months | 24, 36 and 60 Months |
| Series | Series I to VI | Series I to VI |
| Payment Frequency | Quarterly and Annually | Annually and Cumulative |
Offering period of Arka Fincap NCD Tranche I Nov 2023 and Cholamandalam Investment NCD Tranche III Nov. 2023 is mentioned.
| Arka Fincap Ltd. | Cholamandalam Investment & Finance Co.Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 07, 2023 | Nov 28, 2023 |
| Bid/Offer Closes On | Dec 20, 2023 | Dec 01, 2023 |
In Arka Fincap NCD Tranche I Nov 2023 QIBs portion includes 3,75,000 shares and 3,75,000 shares offered are offered to retail investors. In Cholamandalam Investment NCD Tranche III Nov. 2023 QIBs portion includes 10,00,000 shares and 10,00,000 shares offered are offered to retail investors.
| Arka Fincap Ltd. | Cholamandalam Investment & Finance Co.Ltd. | |
|---|---|---|
| Institutional | 3,75,000 shares | 10,00,000 shares |
| Non Institutional | 3,75,000 shares | 17,50,000 shares |
| HNI | 3,75,000 shares | 12,50,000 shares |
| Retail | 3,75,000 shares | 10,00,000 shares |
| Others | ||
| Total | 15,00,000 shares | 50,00,000 shares |
