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CreditAccess Grameen NCD 2022 vs Edelweiss Financial NCD Tranche II Sep 2022

Comparision between CreditAccess Grameen NCD 2022 and Edelweiss Financial NCD Tranche II Sep 2022.

NCD Details

CreditAccess Grameen NCD 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Edelweiss Financial NCD Tranche II Sep 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  CreditAccess Grameen Limited Edelweiss Financial Services Ltd
Logo CreditAccess Grameen NCD 2022 Logo Edelweiss Financial NCD Tranche II Sep 2022 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) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Tranche I 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 the issue have been rated "CRISIL AA-/" Negative by CRISIL Ratings Limited and "ACUITE AA-/" Negative Acuite Ratings & Research Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited Equirus Capital Private Limited
Debenture Trusties Catalyst Trusteeship Limited
NRI Allowed No No
Allotment Link Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. CreditAccess Grameen NCD 2022 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. Edelweiss Financial NCD Tranche II Sep 2022 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  CreditAccess Grameen Limited Edelweiss Financial Services Ltd
Issue Size (Base) ₹250.00 Cr ₹200.00 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 by India Ratings & Research Private Limited CRISIL AA-/ Negative and ACUITE AA-/Negative
Tenor 24, 36 and 60 months 24, 36, 60, and 120 Months
Series

Series I to VI

Series I to Series X

Payment Frequency Monthly and Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of CreditAccess Grameen NCD 2022 and Edelweiss Financial NCD Tranche II Sep 2022 is mentioned.

  CreditAccess Grameen Limited Edelweiss Financial Services Ltd
Bid/Offer Opens On Nov 14, 2022 Oct 03, 2022
Bid/Offer Closes On Nov 17, 2022 Oct 17, 2022

Shares Offered to Different Investor Category

In CreditAccess Grameen NCD 2022 QIBs portion includes 6,25,000 shares and 6,25,000 shares offered are offered to retail investors. In Edelweiss Financial NCD Tranche II Sep 2022 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors.

  CreditAccess Grameen Limited Edelweiss Financial Services Ltd
Institutional 6,25,000 shares 2,00,000 shares
Non Institutional 8,75,000 shares 2,00,000 shares
HNI 3,75,000 shares 8,00,000 shares
Retail 6,25,000 shares 8,00,000 shares
Others
Total 25,00,000 shares 20,00,000 shares

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