Comparison between Chemmanur Credits and Investments NCD Dec 2022 and IIFL Finance NCD January 2023.
Chemmanur Credits and Investments NCD Dec 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Finance NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Chemmanur Credits & Investments Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| 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) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued under the Issue have been rated 'CRISIL BBB-/Stable' (pronounced as CRISIL triple B minus rating with Stable outlook) by CRISIL Ratings Limited. | The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Trust Investment Advisors Pvt.Ltd. Equirus Capital Ltd. IIFL Capital Services Ltd. Edelweiss Financial Services Ltd. |
| Debenture Trustees | Mitcon Credentia Trusteeship Services Ltd. | Vardhman Trusteeship Pvt.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. Chemmanur Credits and Investments NCD Dec 2022 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Finance NCD January 2023 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.
| Chemmanur Credits & Investments Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹1,000.00 Cr |
| Issue Size (Shelf) | ₹50.00 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 BBB-/Stable | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Tenor | 366 days, 18, 24, 36, 60 and 74 Months | 24, 36, and 60 Months |
| Series | Series I to VIII | Series I to VII |
| Payment Frequency | Monthly and Cumulative | Annual, Cumulative and Monthly |
Offering period of Chemmanur Credits and Investments NCD Dec 2022 and IIFL Finance NCD January 2023 is mentioned.
| Chemmanur Credits & Investments Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 14, 2022 | Jan 06, 2023 |
| Bid/Offer Closes On | Jan 06, 2023 | Jan 18, 2023 |
In Chemmanur Credits and Investments NCD Dec 2022 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In IIFL Finance NCD January 2023 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors.
| Chemmanur Credits & Investments Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Institutional | 50,000 shares | 1,00,000 shares |
| Non Institutional | 2,00,000 shares | 1,00,000 shares |
| HNI | 4,00,000 shares | |
| Retail | 2,50,000 shares | 4,00,000 shares |
| Others | ||
| Total | 5,00,000 shares | 10,00,000 shares |
