Comparison between Navi Finserv NCD July 2023 and Power Finance Corporation NCD July 2023.
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 Ltd. | Power Finance Corp.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 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 | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | JM Financial Ltd. | Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. SMC Capitals Ltd. A.K.Capital Services Ltd. JM Financial Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Beacon Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
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 Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| 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 |
Offering period of Navi Finserv NCD July 2023 and Power Finance Corporation NCD July 2023 is mentioned.
| Navi Finserv Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jul 10, 2023 | Jul 21, 2023 |
| Bid/Offer Closes On | Jul 13, 2023 | Jul 26, 2023 |
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 Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| 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 |
