Comparison between Cholamandalam Investment NCD Tranche I April 2023 and Indiabulls Housing Finance Tranche I NCD July 2023.
Cholamandalam Investment NCD Tranche I April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Housing Finance Tranche I NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Cholamandalam Investment & Finance Co.Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | 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 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. | 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. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | A.K.Capital Services Ltd. | Trust Investment Advisors Pvt.Ltd. Elara Capital (India) Pvt.Ltd. Edelweiss Financial Services Ltd. |
| Debenture Trustees | IDBI Trusteeship Services 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. Cholamandalam Investment NCD Tranche I April 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing Finance Tranche I NCD July 2023 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment & Finance Co.Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹2,000.00 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 | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited | CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited. |
| Tenor | 22, 37 and 60 months | 24, 36, and 60 Months |
| Series | Series I to VI | Series I to VIII |
| Payment Frequency | Annually and Cumulative | Monthly, Annual and Cumulative |
Offering period of Cholamandalam Investment NCD Tranche I April 2023 and Indiabulls Housing Finance Tranche I NCD July 2023 is mentioned.
| Cholamandalam Investment & Finance Co.Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 25, 2023 | Jul 10, 2023 |
| Bid/Offer Closes On | Apr 27, 2023 | Jul 21, 2023 |
In Cholamandalam Investment NCD Tranche I April 2023 QIBs portion includes 10,00,000 shares and 15,00,000 shares offered are offered to retail investors. In Indiabulls Housing Finance Tranche I NCD July 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment & Finance Co.Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Institutional | 10,00,000 shares | 3,00,000 shares |
| Non Institutional | 12,50,000 shares | 1,00,000 shares |
| HNI | 12,50,000 shares | 3,00,000 shares |
| Retail | 15,00,000 shares | 3,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 10,00,000 shares |
