Comparison between Dhani Loans and Services NCD April 2022 and Navi Finserv NCD May 2022.
Dhani Loans and Services NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Navi Finserv NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Dhani Loans & Services Ltd. | Navi Finserv 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  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCD worth Rs. 10000 million has been rated as IVR AA/ Stable Outlook by Infomerics Valuation and Rating Private Limited. The instrument with such a rating is expected to have a Stable Outlook. | The NCDs proposed to be issued under the Issue have been rated as IND A/ Stable by India Ratings & Research Pvt Ltd. The instrument with such a rating is expected to have an adequate degree of safety. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. | JM Financial Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Dhani Loans and Services NCD April 2022 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD May 2022 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| Dhani Loans & Services Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹100.00 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 | IVR AA/ Stable Outlook | IND A/ Stable by India Ratings & Research Pvt Ltd |
| Tenor | 370 days, 24 months and 36 months | 18 and 27 Months |
| Series | Series I to VII | Series I to IV |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Annually |
Offering period of Dhani Loans and Services NCD April 2022 and Navi Finserv NCD May 2022 is mentioned.
| Dhani Loans & Services Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 19, 2022 | May 23, 2022 |
| Bid/Offer Closes On | May 10, 2022 | Jun 02, 2022 |
In Dhani Loans and Services NCD April 2022 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors. In Navi Finserv NCD May 2022 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors.
| Dhani Loans & Services Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Institutional | 3,00,000 shares | 6,00,000 shares |
| Non Institutional | 1,00,000 shares | 6,00,000 shares |
| HNI | 3,00,000 shares | 9,00,000 shares |
| Retail | 3,00,000 shares | 9,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 30,00,000 shares |
