Comparison between Shriram City NCD Aug 2019 and SREI Equipment NCD Aug 2019.
Shriram City NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while SREI Equipment NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Shriram City Union Finance Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| 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 | |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | CDs proposed to be issued under the Issue have been rated 'CARE AA+ Stable' (Double A Plus; Outlook: Stable) by CARE and 'CRISIL AA/Stable' (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto Rs 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019 and further revalidated on March 20, 2019 and further revalidated on August 14, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019 and further revalidated on August 9, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. | The NCDs proposed to be issued under this Issue have been rated "BWR AA" (BWR Double A) (Outlook: Negative) by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letter dated July 05, 2019 and |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. | SMC Capitals Ltd. Karvy Investor 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. Shriram City NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. SREI Equipment NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Shriram City Union Finance Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹400.00 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, CRISIL AA/Stable | BWR AA/Negative, Acuite AA-/Stable |
| Tenor | 24 months/ 36 months/ 60 months | 1 year/ 2 year/ 3 year/ 5 year |
| Series | Series I to Series VIII | Series I to Series X |
| Payment Frequency | Monthly/ Annual/ Cumulative | Monthly/ Quarterly/ Annual/ Cumulative |
Offering period of Shriram City NCD Aug 2019 and SREI Equipment NCD Aug 2019 is mentioned.
| Shriram City Union Finance Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Aug 21, 2019 | Aug 19, 2019 |
| Bid/Offer Closes On | Sep 19, 2019 | Sep 11, 2019 |
In Shriram City NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In SREI Equipment NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.
| Shriram City Union Finance Ltd. | SREI Equipment Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
