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Shriram Transport Finance NCD Jan 2020 vs Tata Capital Housing NCD Jan 2020

Comparision between Shriram Transport Finance NCD Jan 2020 and Tata Capital Housing NCD Jan 2020.

NCD Details

Shriram Transport Finance NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Tata Capital Housing NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Shriram Transport Finance Company Ltd Tata Capital Housing Finance Ltd
Logo Shriram Transport Finance NCD Jan 2020 Logo Tata Capital Housing NCD Jan 2020 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)
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 28, 2019, and revalidated by its letter dated December 18, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 26, 2019, and revalidated by its letter dated December 12, 2019, and 'IND AA+; Outlook Stable' by India Ratings and Research Private Limited ("India Ratings") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 25, 2019, and revalidated by its letter dated December 11, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings indicate that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

The NCDs proposed to be issued pursuant to this Issue have been rated "CRISIL AAA/Stable" by CRISIL for an amount of up to Rs 5,00,000 lakh and have been rated "[ICRA] AAA (stable)" by ICRA for an amount of up to Rs 5,00,000 lakh. The rating of the NCDs by ICRA indicates highest degree of safety regarding timely servicing of financial obligations.

Registrar Integrated Registry Management Services Private Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited

Jm Financial Limited

Smc Capitals Limited
A.K. Capital Services Limited

Edelweiss Financial Services Ltd
Debenture Trusties
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. Shriram Transport Finance NCD Jan 2020 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. Tata Capital Housing NCD Jan 2020 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  Shriram Transport Finance Company Ltd Tata Capital Housing Finance Ltd
Issue Size (Base) ₹200.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹10,000.00 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 CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable CRISIL AAA/ Stable, ICRA AAA/ stable
Tenor Annual, Cumulative, and Monthly 36 months/ 60 months/ 96 months/ 120 months
Series

Series I to Series VIII

Series I to Series VI

Payment Frequency 3 Years/5 Years/7 Years Monthly and Annual
Coupon Incentive

NCD Timetable

Offering period of Shriram Transport Finance NCD Jan 2020 and Tata Capital Housing NCD Jan 2020 is mentioned.

  Shriram Transport Finance Company Ltd Tata Capital Housing Finance Ltd
Bid/Offer Opens On Jan 06, 2020 Jan 07, 2020
Bid/Offer Closes On Jan 22, 2020 Jan 08, 2020

Shares Offered to Different Investor Category

In Shriram Transport Finance NCD Jan 2020 QIBs portion includes and offered are offered to retail investors. In Tata Capital Housing NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.

  Shriram Transport Finance Company Ltd Tata Capital Housing Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 20,00,000 shares 50,00,000 shares

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