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Power Finance Corporation NCD July 2023 vs Vivriti Capital NCD August 2023

Comparision between Power Finance Corporation NCD July 2023 and Vivriti Capital NCD August 2023.

NCD Details

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

  Power Finance Corporation Limited Vivriti Capital Limited
Logo Power Finance Corporation NCD July 2023 Logo Vivriti Capital NCD August 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE 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 "CARE AAA, Stable" by CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Limited, and "ICRA AAA, Stable" by ICRA Limited.

The company has received a rating of ICRA A (Stable) by ICRA Limited and CARE A+ by CARE Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Registrar Kfin Technologies Limited Integrated Registry Management Services Private Limited
Lead Managers Jm Financial Limited

A.K. Capital Services Limited

Smc Capitals Limited

Trust Investment Advisors Private Limited

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

  Power Finance Corporation Limited Vivriti Capital Limited
Issue Size (Base) ₹500.00 Cr ₹250.00 Cr
Issue Size (Shelf) ₹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 CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited ICRA A (Stable) by ICRA Limited and CARE A+ by CARE Ratings Limited
Tenor 3, 10, and 15 years 18 and 24 Months
Series

Series I to III

Series I to V
Payment Frequency Annually Monthly, Quarterly and Annually
Coupon Incentive

NCD Timetable

Offering period of Power Finance Corporation NCD July 2023 and Vivriti Capital NCD August 2023 is mentioned.

  Power Finance Corporation Limited Vivriti Capital Limited
Bid/Offer Opens On Jul 21, 2023 Aug 18, 2023
Bid/Offer Closes On Jul 26, 2023 Aug 31, 2023

Shares Offered to Different Investor Category

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. In Vivriti Capital NCD August 2023 QIBs portion includes 5,00,000 shares and 7,50,000 shares offered are offered to retail investors.

  Power Finance Corporation Limited Vivriti Capital Limited
Institutional 5,00,000 shares 5,00,000 shares
Non Institutional 5,00,000 shares 5,00,000 shares
HNI 20,00,000 shares 7,50,000 shares
Retail 20,00,000 shares 7,50,000 shares
Others
Total 50,00,000 shares 25,00,000 shares

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