Comparison between Cholamandalam Investment NCD Tranche II July 2023 and Power Finance Corporation NCD July 2023.
Cholamandalam Investment NCD Tranche II July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Power Finance Corporation NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment & Finance Co.Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE |
| 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 the issue have been rated "CARE AAA, Stable" by CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Limited, and "ICRA AAA, Stable" by ICRA Limited. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | A.K.Capital Services Ltd. | Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. SMC Capitals Ltd. A.K.Capital Services Ltd. JM Financial Ltd. |
| Debenture Trustees | IDBI Trusteeship Services Ltd. | Beacon Trusteeship 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. Cholamandalam Investment NCD Tranche II July 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Power Finance Corporation NCD July 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment & Finance Co.Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 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 | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited | CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited |
| Tenor | 22, 37 and 60 months | 3, 10, and 15 years |
| Series | Series I to VI | Series I to III |
| Payment Frequency | Annually and Cumulative | Annually |
Offering period of Cholamandalam Investment NCD Tranche II July 2023 and Power Finance Corporation NCD July 2023 is mentioned.
| Cholamandalam Investment & Finance Co.Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jul 28, 2023 | Jul 21, 2023 |
| Bid/Offer Closes On | Aug 03, 2023 | Jul 26, 2023 |
In Cholamandalam Investment NCD Tranche II July 2023 QIBs portion includes 15,00,000 shares and 10,00,000 shares offered are offered to retail investors. In Power Finance Corporation NCD July 2023 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment & Finance Co.Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Institutional | 15,00,000 shares | 5,00,000 shares |
| Non Institutional | 12,50,000 shares | 5,00,000 shares |
| HNI | 12,50,000 shares | 20,00,000 shares |
| Retail | 10,00,000 shares | 20,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 50,00,000 shares |
