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Chemmanur Credits and Investments NCD Feb. 2024 vs ICL Fincorp Limited NCD April 2024

Comparision between Chemmanur Credits and Investments NCD Feb. 2024 and ICL Fincorp Limited NCD April 2024.

NCD Details

Chemmanur Credits and Investments NCD Feb. 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while ICL Fincorp Limited NCD April 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Chemmanur Credits and Investments Limited ICL Fincorp Limited
Logo Chemmanur Credits and Investments NCD Feb. 2024 Logo ICL Fincorp Limited NCD April 2024 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) DRHP DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating
The NCDs proposed to be issued under the Issue has been rated IND BBB-/Stable by India Ratings and Research Private Limited.

The NCDs proposed to be issued under this Issue have been rated ACUITE BBB- by Acuite Ratings and Research Limited, with such ratings considered to have a stable outlook.

Registrar Kfin Technologies Limited Cameo Corporate Services Limited
Lead Managers Vivro Financial Services Private Limited Saffron Capital Advisors Private Limited
Debenture Trusties Mitcon Credentia Trusteeship Services Limited Mitcon Credentia Trusteeship Services Limited
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. Chemmanur Credits and Investments NCD Feb. 2024 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. ICL Fincorp Limited NCD April 2024 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.

  Chemmanur Credits and Investments Limited ICL Fincorp Limited
Issue Size (Base) ₹50.00 Cr ₹75.00 Cr
Issue Size (Shelf)
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 BBB-/Stable by India Ratings and Research Private Limited. ACUITE BBB- by Acuite Ratings and Research Limited
Tenor 366 Days, 12, 18, 24, 36, 60, and 72 Months 13, 24, 36, 60 and 68 months
Series Series I to VIII Series I to X
Payment Frequency Monthly and Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Chemmanur Credits and Investments NCD Feb. 2024 and ICL Fincorp Limited NCD April 2024 is mentioned.

  Chemmanur Credits and Investments Limited ICL Fincorp Limited
Bid/Offer Opens On Feb 20, 2024 Apr 05, 2024
Bid/Offer Closes On Mar 04, 2024 Apr 12, 2024

Shares Offered to Different Investor Category

In Chemmanur Credits and Investments NCD Feb. 2024 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In ICL Fincorp Limited NCD April 2024 QIBs portion includes 7,500 shares and 5,10,000 shares offered are offered to retail investors.

  Chemmanur Credits and Investments Limited ICL Fincorp Limited
Institutional 50,000 shares 7,500 shares
Non Institutional 2,00,000 shares 7,500 shares
HNI 2,25,000 shares
Retail 2,50,000 shares 5,10,000 shares
Others
Total 5,00,000 shares 7,50,000 shares

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