Comparison between CreditAccess Grameen Tranche II NCD 2023 and Kosamattam Finance NCD September 2023.
CreditAccess Grameen Tranche II NCD 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Kosamattam Finance NCD September 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| CreditAccess Grameen Ltd. | Kosamattam Finance 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) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under the Issue have been rated IND AA-/Stable for an amount of Rs 1500 Crores by India Ratings & Research Private Limited. | The NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | A.K.Capital Services Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Vistra ITCL India 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. CreditAccess Grameen Tranche II NCD 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Kosamattam Finance NCD September 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| CreditAccess Grameen Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹1,500.00 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 | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | IND AA-/Stable | IND A-/Stable by India Ratings |
| Tenor | 24, 33 and 60 months | 20, 24, 30, 36, 39, 48, 54 and 88 Months |
| Series | Series I to VIII | Series I to VIII |
| Payment Frequency | Monthly and Cumulative | Monthly and Cumulative |
Offering period of CreditAccess Grameen Tranche II NCD 2023 and Kosamattam Finance NCD September 2023 is mentioned.
| CreditAccess Grameen Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Aug 24, 2023 | Sep 08, 2023 |
| Bid/Offer Closes On | Sep 01, 2023 | Sep 22, 2023 |
In CreditAccess Grameen Tranche II NCD 2023 QIBs portion includes 10,00,000 shares and 10,00,000 shares offered are offered to retail investors. In Kosamattam Finance NCD September 2023 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.
| CreditAccess Grameen Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Institutional | 10,00,000 shares | 1,00,000 shares |
| Non Institutional | 12,00,000 shares | 1,00,000 shares |
| HNI | 8,00,000 shares | 3,00,000 shares |
| Retail | 10,00,000 shares | 5,00,000 shares |
| Others | ||
| Total | 40,00,000 shares | 10,00,000 shares |
