Comparison between CreditAccess Grameen Tranche II NCD 2023 and Nido Home Finance NCD Aug 2023.
CreditAccess Grameen Tranche II NCD 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Nido Home Finance NCD Aug 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| CreditAccess Grameen Ltd. | Nido Home Finance 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) | ||
| 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 "CRISIL AA-/Negative" (pronounced as CRISIL double A minus rating with negative outlook) for an amount of ₹ 1,500 million by CRISIL Ratings Limited and;"[ICRA] A+ (Stable)" for an amount of ₹ 1,500 million by ICRA Limited. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | A.K.Capital Services Ltd. | Tipsons Consultancy Services Pvt.Ltd. Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Beacon Trusteeship Ltd. |
| 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. Nido Home Finance NCD Aug 2023 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| CreditAccess Grameen Ltd. | Nido Home Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹1,500.00 Cr | ₹150.00 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 | CRISIL AA-/Negative & [ICRA] A+ (Stable) |
| Tenor | 24, 33 and 60 months | 24, 36, 60 and 120 months |
| Series | Series I to VIII | Series I to X |
| Payment Frequency | Monthly and Cumulative | Monthly and Annually |
Offering period of CreditAccess Grameen Tranche II NCD 2023 and Nido Home Finance NCD Aug 2023 is mentioned.
| CreditAccess Grameen Ltd. | Nido Home Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Aug 24, 2023 | Aug 30, 2023 |
| Bid/Offer Closes On | Sep 01, 2023 | Sep 12, 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 Nido Home Finance NCD Aug 2023 QIBs portion includes 75,000 shares and 3,00,000 shares offered are offered to retail investors.
| CreditAccess Grameen Ltd. | Nido Home Finance Ltd. | |
|---|---|---|
| Institutional | 10,00,000 shares | 75,000 shares |
| Non Institutional | 12,00,000 shares | 75,000 shares |
| HNI | 8,00,000 shares | 3,00,000 shares |
| Retail | 10,00,000 shares | 3,00,000 shares |
| Others | ||
| Total | 40,00,000 shares | 7,50,000 shares |
