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Comparision between L&T Finance NCD Dec 2019 and Tata Capital Housing NCD Jan 2020.
L&T Finance NCD Dec 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Tata Capital Housing NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| L&T Finance Ltd | Tata Capital Housing Finance Ltd | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE, NSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  |
|
| RHP (Base) | RHP |
|
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated "CRISIL AAA/Stable" (pronounced as CRISIL triple A with Stable outlook) for an amount of Rs 5000 crores, by CRISIL Limited ("CRISIL") vide their letter dated November 14, 2019, CARE AAA / Stable (pronounced as CARE triple A with Stable Outlook) for an amount of Rs 5, 000 crores, by CARE Ratings Ltd. ("CARE") vide their letter dated November 15, 2019 and IND AAA / Stable (pronounced as IND triple A with Stable outlook) for an amount of Rs 5,000 crores, by India Ratings and Research Private Limited ("India Ratings") vide their letter dated November 18, 2019. |
The NCDs proposed to be issued pursuant to this Issue have been rated "CRISIL AAA/Stable" by CRISIL for an amount of up to Rs 5,00,000 lakh and have been rated "[ICRA] AAA (stable)" by ICRA for an amount of up to Rs 5,00,000 lakh. The rating of the NCDs by ICRA indicates highest degree of safety regarding timely servicing of financial obligations. |
| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited Edelweiss Financial Services Ltd Jm Financial Limited Trust Investment Advisors Private Limited |
A.K. Capital Services Limited Edelweiss Financial Services Ltd |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. L&T Finance NCD Dec 2019 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Tata Capital Housing NCD Jan 2020 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| L&T Finance Ltd | Tata Capital Housing Finance Ltd | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 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 AAA/Stable, CARE AAA/Stable, IND AAA/Stable | CRISIL AAA/ Stable, ICRA AAA/ stable |
| Tenor | 36 months/ 60 months/ 84 months | 36 months/ 60 months/ 96 months/ 120 months |
| Series | Series I to Series VI |
Series I to Series VI |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Annual |
| Coupon Incentive |
Offering period of L&T Finance NCD Dec 2019 and Tata Capital Housing NCD Jan 2020 is mentioned.
| L&T Finance Ltd | Tata Capital Housing Finance Ltd | |
|---|---|---|
| Bid/Offer Opens On | Dec 16, 2019 | Jan 07, 2020 |
| Bid/Offer Closes On | Dec 17, 2019 | Jan 08, 2020 |
In L&T Finance NCD Dec 2019 QIBs portion includes and offered are offered to retail investors. In Tata Capital Housing NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.
| L&T Finance Ltd | Tata Capital Housing Finance Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 50,00,000 shares | 50,00,000 shares |
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