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Comparision between Cholamandalam Investment NCD Tranche III Nov. 2023 and Muthoot Mercantile NCD Nov 2023.
Cholamandalam Investment NCD Tranche III Nov. 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Mercantile NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment and Finance Company Limited | Muthoot Mercantile Limited | |
|---|---|---|
| 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 “IND BBB/Stable”, by India Ratings & Research Private Limited |
| Registrar | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited | Vivro Financial Services Private Limited |
| Debenture Trusties | Idbi Trusteeship Services Ltd. | Mitcon Credentia Trusteeship Services Limited |
| 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. Muthoot Mercantile NCD Nov 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment and Finance Company Limited | Muthoot Mercantile Limited | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹200.00 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 | |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | IND AA+/Stable by India Ratings & Research Private Limited and ICRA AA+ (Stable) by ICRA Limited | IND BBB/Stable by by India Ratings & Research Private Limited |
| Tenor | 24, 36 and 60 Months | 367days, 18, 24, 36, 60, 75 months |
| Series | Series I to VI | Series I to XI |
| Payment Frequency | Annually and Cumulative | Monthly and Cumulative |
| Coupon Incentive |
Offering period of Cholamandalam Investment NCD Tranche III Nov. 2023 and Muthoot Mercantile NCD Nov 2023 is mentioned.
| Cholamandalam Investment and Finance Company Limited | Muthoot Mercantile Limited | |
|---|---|---|
| Bid/Offer Opens On | Nov 28, 2023 | Dec 04, 2023 |
| Bid/Offer Closes On | Dec 01, 2023 | Dec 15, 2023 |
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 Muthoot Mercantile NCD Nov 2023 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment and Finance Company Limited | Muthoot Mercantile Limited | |
|---|---|---|
| Institutional | 10,00,000 shares | 1,00,000 shares |
| Non Institutional | 17,50,000 shares | 4,00,000 shares |
| HNI | 12,50,000 shares | |
| Retail | 10,00,000 shares | 5,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 10,00,000 shares |
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