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EFIL NCD Jan 2020 vs Shriram Transport Finance NCD Jan 2020

Comparision between EFIL NCD Jan 2020 and Shriram Transport Finance NCD Jan 2020.

NCD Details

EFIL NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram Transport Finance NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Edelweiss Finance & Investments Ltd Shriram Transport Finance Company Ltd
Logo EFIL NCD Jan 2020 Logo Shriram Transport Finance NCD Jan 2020 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE, NSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP
RHP (Base) RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 28, 2019, and revalidated by its letter dated December 18, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 26, 2019, and revalidated by its letter dated December 12, 2019, and 'IND AA+; Outlook Stable' by India Ratings and Research Private Limited ("India Ratings") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 25, 2019, and revalidated by its letter dated December 11, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings indicate that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Link Intime India Private Ltd Integrated Registry Management Services Private Limited
Lead Managers Edelweiss Financial Services Ltd

Idbi Capital Market Services Limited
A.K. Capital Services Limited

Jm Financial Limited

Smc Capitals Limited
Debenture Trusties
NRI Allowed No No
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. EFIL NCD Jan 2020 issue size is ₹125.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram Transport Finance NCD Jan 2020 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Finance & Investments Ltd Shriram Transport Finance Company Ltd
Issue Size (Base) ₹125.00 Cr ₹200.00 Cr
Issue Size (Shelf) ₹250.00 Cr ₹10,000.00 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-/ Stable; CARE AA-/ Stable CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable
Tenor 18 months/ 36 months /60 months /120 months Annual, Cumulative, and Monthly
Series

Series 1 to Series 9

Series I to Series VIII

Payment Frequency Monthly, Annual and Cumulative 3 Years/5 Years/7 Years
Coupon Incentive

NCD Timetable

Offering period of EFIL NCD Jan 2020 and Shriram Transport Finance NCD Jan 2020 is mentioned.

  Edelweiss Finance & Investments Ltd Shriram Transport Finance Company Ltd
Bid/Offer Opens On Jan 23, 2020 Jan 06, 2020
Bid/Offer Closes On Jan 31, 2020 Jan 22, 2020

Shares Offered to Different Investor Category

In EFIL NCD Jan 2020 QIBs portion includes and offered are offered to retail investors. In Shriram Transport Finance NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.

  Edelweiss Finance & Investments Ltd Shriram Transport Finance Company Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 12,50,000 shares 20,00,000 shares

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