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Chemmanur Credits and Investments NCD Dec 2022 vs Incred Financial Services NCD Tranche I Jan 2023

Comparision between Chemmanur Credits and Investments NCD Dec 2022 and Incred Financial Services NCD Tranche I Jan 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 Incred Financial Services NCD Tranche I Jan 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Chemmanur Credits and Investments Limited Incred Financial Services Limited
Logo Chemmanur Credits and Investments NCD Dec 2022 Logo Incred Financial Services NCD Tranche I Jan 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) DRHP
RHP (Base) RHP RHP
DRHP (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 company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited Jm Financial Limited
Debenture Trusties Mitcon Credentia Trusteeship Services Limited Catalyst Trusteeship 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. Incred Financial Services NCD Tranche I Jan 2023 issue size is ₹175.00 Cr at a issue price of ₹1,000.00 per NCD.

  Chemmanur Credits and Investments Limited Incred Financial Services Limited
Issue Size (Base) ₹50.00 Cr ₹175.00 Cr
Issue Size (Shelf) ₹50.00 Cr ₹350.00 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 A+/Stable by CRISIL Ratings Limited
Tenor 366 days, 18, 24, 36, 60 and 74 Months 27 and 39 months
Series

Series I to VIII

Series I to IV

Payment Frequency Monthly and Cumulative Annual and Quarterly
Coupon Incentive

NCD Timetable

Offering period of Chemmanur Credits and Investments NCD Dec 2022 and Incred Financial Services NCD Tranche I Jan 2023 is mentioned.

  Chemmanur Credits and Investments Limited Incred Financial Services Limited
Bid/Offer Opens On Dec 14, 2022 Jan 09, 2023
Bid/Offer Closes On Jan 06, 2023 Jan 27, 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 Incred Financial Services NCD Tranche I Jan 2023 QIBs portion includes 3,50,000 shares and 5,25,000 shares offered are offered to retail investors.

  Chemmanur Credits and Investments Limited Incred Financial Services Limited
Institutional 50,000 shares 3,50,000 shares
Non Institutional 2,00,000 shares 3,50,000 shares
HNI 5,25,000 shares
Retail 2,50,000 shares 5,25,000 shares
Others
Total 5,00,000 shares 17,50,000 shares

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