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Navi Finserv NCD July 2023 vs Power Finance Corporation NCD July 2023

Comparision between Navi Finserv NCD July 2023 and Power Finance Corporation NCD July 2023.

NCD Details

Navi Finserv NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Power Finance Corporation NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Navi Finserv Limited Power Finance Corporation Limited
Logo Navi Finserv NCD July 2023 Logo Power Finance Corporation NCD July 2023 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 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.

The NCDs proposed to be issued under the issue have been rated "CARE AAA, Stable" by CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Limited, and "ICRA AAA, Stable" by ICRA Limited.

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Jm Financial Limited Jm Financial Limited

A.K. Capital Services Limited

Smc Capitals Limited

Trust Investment Advisors Private Limited

Nuvama Wealth Management Limited
Debenture Trusties Catalyst Trusteeship Limited Beacon Trusteeship 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. Navi Finserv NCD July 2023 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. Power Finance Corporation NCD July 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  Navi Finserv Limited Power Finance Corporation Limited
Issue Size (Base) ₹250.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹500.00 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 IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited
Tenor 18, 27, and 36 months 3, 10, and 15 years
Series

Series I to V

Series I to III

Payment Frequency Monthly and Annually Annually
Coupon Incentive

NCD Timetable

Offering period of Navi Finserv NCD July 2023 and Power Finance Corporation NCD July 2023 is mentioned.

  Navi Finserv Limited Power Finance Corporation Limited
Bid/Offer Opens On Jul 10, 2023 Jul 21, 2023
Bid/Offer Closes On Jul 13, 2023 Jul 26, 2023

Shares Offered to Different Investor Category

In Navi Finserv NCD July 2023 QIBs portion includes 7,50,000 shares and 0 shares offered are offered to retail investors. In Power Finance Corporation NCD July 2023 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors.

  Navi Finserv Limited Power Finance Corporation Limited
Institutional 7,50,000 shares 5,00,000 shares
Non Institutional 0 shares 5,00,000 shares
HNI 0 shares 20,00,000 shares
Retail 0 shares 20,00,000 shares
Others
Total 25,00,000 shares 50,00,000 shares

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