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Chemmanur Credits and Investments NCD Dec 2022 vs IIFL Finance NCD January 2023

Comparision between Chemmanur Credits and Investments NCD Dec 2022 and IIFL Finance NCD January 2023.

NCD Details

Chemmanur Credits and Investments NCD Dec 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Finance NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Chemmanur Credits and Investments Limited IIFL Finance Limited
Logo Chemmanur Credits and Investments NCD Dec 2022 Logo IIFL Finance NCD January 2023 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)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated 'CRISIL BBB-/Stable' (pronounced as CRISIL triple B minus rating with Stable outlook) by CRISIL Ratings Limited.

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. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited Edelweiss Financial Services Ltd

Iifl Securities Ltd

Equirus Capital Private Limited

Trust Investment Advisors Private Limited
Debenture Trusties Mitcon Credentia Trusteeship Services Limited Vardhman Trusteeship Private Limited
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. Chemmanur Credits and Investments NCD Dec 2022 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Finance NCD January 2023 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.

  Chemmanur Credits and Investments Limited IIFL Finance Limited
Issue Size (Base) ₹50.00 Cr ₹1,000.00 Cr
Issue Size (Shelf) ₹50.00 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 BBB-/Stable CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited.
Tenor 366 days, 18, 24, 36, 60 and 74 Months 24, 36, and 60 Months
Series

Series I to VIII

Series I to VII

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

NCD Timetable

Offering period of Chemmanur Credits and Investments NCD Dec 2022 and IIFL Finance NCD January 2023 is mentioned.

  Chemmanur Credits and Investments Limited IIFL Finance Limited
Bid/Offer Opens On Dec 14, 2022 Jan 06, 2023
Bid/Offer Closes On Jan 06, 2023 Jan 18, 2023

Shares Offered to Different Investor Category

In Chemmanur Credits and Investments NCD Dec 2022 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In IIFL Finance NCD January 2023 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors.

  Chemmanur Credits and Investments Limited IIFL Finance Limited
Institutional 50,000 shares 1,00,000 shares
Non Institutional 2,00,000 shares 1,00,000 shares
HNI 4,00,000 shares
Retail 2,50,000 shares 4,00,000 shares
Others
Total 5,00,000 shares 10,00,000 shares

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