Comparison between Cholamandalam Investment NCD Tranche III Nov. 2023 and Edelweiss Financial Services NCD January 2024.
Cholamandalam Investment NCD Tranche III Nov. 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Edelweiss Financial Services NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment & Finance Co.Ltd. | Edelweiss Financial Services 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) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (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 A+/Stable by CRISIL Ratings Limited and ICRA A+ (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. | Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.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 III Nov. 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Edelweiss Financial Services NCD January 2024 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment & Finance Co.Ltd. | Edelweiss Financial Services Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹125.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹250.00 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 | IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited | “CRISIL A+/Stable by by CRISIL Ratings Limited and “[ICRA] A+ ” by ICRA Limited |
| Tenor | 24, 36 and 60 Months | 24, 36, 60 and 120 Months |
| Series | Series I to VI | Series I to X |
| Payment Frequency | Annually and Cumulative | Monthly and Annually |
Offering period of Cholamandalam Investment NCD Tranche III Nov. 2023 and Edelweiss Financial Services NCD January 2024 is mentioned.
| Cholamandalam Investment & Finance Co.Ltd. | Edelweiss Financial Services Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Nov 28, 2023 | Jan 09, 2024 |
| Bid/Offer Closes On | Dec 01, 2023 | Jan 22, 2024 |
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. In Edelweiss Financial Services NCD January 2024 QIBs portion includes 1,25,000 shares and 5,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment & Finance Co.Ltd. | Edelweiss Financial Services Ltd. | |
|---|---|---|
| Institutional | 10,00,000 shares | 1,25,000 shares |
| Non Institutional | 17,50,000 shares | 1,25,000 shares |
| HNI | 12,50,000 shares | 5,00,000 shares |
| Retail | 10,00,000 shares | 5,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 12,50,000 shares |
