Comparison between Edelweiss Financial NCD Tranche III July 2023 and Power Finance Corporation NCD July 2023.
Edelweiss Financial NCD Tranche III July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Power Finance Corporation NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Edelweiss Financial Services 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 | 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 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. | 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 | Equirus Capital Ltd. | Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. SMC Capitals Ltd. A.K.Capital Services Ltd. JM Financial Ltd. |
| Debenture Trustees | Beacon Trusteeship Ltd. | Beacon Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial NCD Tranche III July 2023 issue size is ₹300.00 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.
| Edelweiss Financial Services Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹1,000.00 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 | CRISIL AA-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited | CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited |
| Tenor | 24, 36, 60 and 120 Months | 3, 10, and 15 years |
| Series | Series I to X | Series I to III |
| Payment Frequency | Annual and Monthly | Annually |
Offering period of Edelweiss Financial NCD Tranche III July 2023 and Power Finance Corporation NCD July 2023 is mentioned.
| Edelweiss Financial Services Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jul 04, 2023 | Jul 21, 2023 |
| Bid/Offer Closes On | Jul 17, 2023 | Jul 26, 2023 |
In Edelweiss Financial NCD Tranche III July 2023 QIBs portion includes 1,50,000 shares and 6,00,000 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.
| Edelweiss Financial Services Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Institutional | 1,50,000 shares | 5,00,000 shares |
| Non Institutional | 1,50,000 shares | 5,00,000 shares |
| HNI | 6,00,000 shares | 20,00,000 shares |
| Retail | 6,00,000 shares | 20,00,000 shares |
| Others | ||
| Total | 15,00,000 shares | 50,00,000 shares |
