Comparison between Cholamandalam Investment NCD Tranche I April 2023 and Muthoot Fincorp NCD April 2023.
Cholamandalam Investment NCD Tranche I April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Muthoot Fincorp NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Cholamandalam Investment & Finance Co.Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The company has received a rating of ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited for the NCDs proposed to be issued pursuant to this Issue. | The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | Kfin Technologies Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | A.K.Capital Services Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | IDBI Trusteeship Services Ltd. | Vardhman Trusteeship Pvt.Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Cholamandalam Investment NCD Tranche I April 2023 issue size is ₹500.00 Cr at an issue price of ₹1,000.00 per NCD. Muthoot Fincorp NCD April 2023 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| Cholamandalam Investment & Finance Co.Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹500.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹300.00 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 | ICRA AA+ (Stable) by ICRA Limited and IND AA+ (Stable) by India Ratings & Research Private Limited | CRISIL AA-/Stable by CRISIL Ratings Limited |
| Tenor | 22, 37 and 60 months | 27, 42, 60 and 84 Months |
| Series | Series I to VI | Series I to VIII |
| Payment Frequency | Annually and Cumulative | Monthly, Annual and Cumulative |
Offering period of Cholamandalam Investment NCD Tranche I April 2023 and Muthoot Fincorp NCD April 2023 is mentioned.
| Cholamandalam Investment & Finance Co.Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 25, 2023 | Apr 12, 2023 |
| Bid/Offer Closes On | Apr 27, 2023 | Apr 26, 2023 |
In Cholamandalam Investment NCD Tranche I April 2023 QIBs portion includes 10,00,000 shares and 15,00,000 shares offered are offered to retail investors. In Muthoot Fincorp NCD April 2023 QIBs portion includes 75,000 shares and 9,00,000 shares offered are offered to retail investors.
| Cholamandalam Investment & Finance Co.Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 10,00,000 shares | 75,000 shares |
| Non Institutional | 12,50,000 shares | 5,25,000 shares |
| HNI | 12,50,000 shares | |
| Retail | 15,00,000 shares | 9,00,000 shares |
| Others | ||
| Total | 50,00,000 shares | 15,00,000 shares |
