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Comparision between CreditAccess Grameen Tranche II NCD 2023 and Navi Finserv NCD July 2023.
CreditAccess Grameen Tranche II NCD 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Navi Finserv NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| CreditAccess Grameen Limited | Navi Finserv Limited | |
|---|---|---|
| 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 |
RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under the Issue have been rated IND AA-/Stable for an amount of Rs 1500 Crores by India Ratings & Research Private Limited. |
The NCDs proposed to be issued under the Issue have been rated as IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL Ratings Limited. The instrument with such a rating is expected to have an adequate degree of safety. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited | Jm Financial Limited |
| Debenture Trusties | Catalyst Trusteeship Limited | Catalyst Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. CreditAccess Grameen Tranche II NCD 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD July 2023 issue size is ₹250.00 Cr at a issue price of ₹1,000.00 per NCD.
| CreditAccess Grameen Limited | Navi Finserv Limited | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹250.00 Cr |
| Issue Size (Shelf) | ₹1,500.00 Cr | ₹500.00 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 | IND AA-/Stable | IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL |
| Tenor | 24, 33 and 60 months | 18, 27, and 36 months |
| Series | Series I to VIII |
Series I to V |
| Payment Frequency | Monthly and Cumulative | Monthly and Annually |
| Coupon Incentive |
Offering period of CreditAccess Grameen Tranche II NCD 2023 and Navi Finserv NCD July 2023 is mentioned.
| CreditAccess Grameen Limited | Navi Finserv Limited | |
|---|---|---|
| Bid/Offer Opens On | Aug 24, 2023 | Jul 10, 2023 |
| Bid/Offer Closes On | Sep 01, 2023 | Jul 13, 2023 |
In CreditAccess Grameen Tranche II NCD 2023 QIBs portion includes 10,00,000 shares and 10,00,000 shares offered are offered to retail investors. In Navi Finserv NCD July 2023 QIBs portion includes 7,50,000 shares and 0 shares offered are offered to retail investors.
| CreditAccess Grameen Limited | Navi Finserv Limited | |
|---|---|---|
| Institutional | 10,00,000 shares | 7,50,000 shares |
| Non Institutional | 12,00,000 shares | 0 shares |
| HNI | 8,00,000 shares | 0 shares |
| Retail | 10,00,000 shares | 0 shares |
| Others | ||
| Total | 40,00,000 shares | 25,00,000 shares |
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