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Aditya Birla Finance NCD September 2023 vs Incred Financial Services October 2023 NCD

Comparision between Aditya Birla Finance NCD September 2023 and Incred Financial Services October 2023 NCD.

NCD Details

Aditya Birla Finance NCD September 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Incred Financial Services October 2023 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Aditya Birla Finance Limited Incred Financial Services Limited
Logo Aditya Birla Finance NCD September 2023 Logo Incred Financial Services October 2023 NCD 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 DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued pursuant to this Issue have been rated IND AAA Outlook Stable by India Ratings & Research Private Limited, and rated [ICRA]AAA (Stable) by ICRA Limited.

The NCDs proposed to be issued have been rated 'CRISIL A+/Stable' by CRISIL Ratings Limited.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Trust Investment Advisors Private Limited

A.K. Capital Services Limited

Jm Financial Limited

Nuvama Wealth Management Limited
Jm Financial Limited

InCred Capital Wealth Portfolio Managers Private Limited
Debenture Trusties Vistra Itcl India 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. Aditya Birla Finance NCD September 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Incred Financial Services October 2023 NCD issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.

  Aditya Birla Finance Limited Incred Financial Services Limited
Issue Size (Base) ₹1,000.00 Cr ₹150.00 Cr
Issue Size (Shelf) ₹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 IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA CRISIL A+/Stable by CRISIL Ratings Limited.
Tenor 3, 5, 10 years 18, 24 and 36 months
Series

Series I to VI

Series I to V

Payment Frequency Monthly, Annual and Cumulative Monthly, Quarterly and Annually
Coupon Incentive

NCD Timetable

Offering period of Aditya Birla Finance NCD September 2023 and Incred Financial Services October 2023 NCD is mentioned.

  Aditya Birla Finance Limited Incred Financial Services Limited
Bid/Offer Opens On Sep 27, 2023 Oct 25, 2023
Bid/Offer Closes On Oct 12, 2023 Nov 07, 2023

Shares Offered to Different Investor Category

In Aditya Birla Finance NCD September 2023 QIBs portion includes 25,00,000 shares and 25,00,000 shares offered are offered to retail investors. In Incred Financial Services October 2023 NCD QIBs portion includes 75,000 shares and 6,75,000 shares offered are offered to retail investors.

  Aditya Birla Finance Limited Incred Financial Services Limited
Institutional 25,00,000 shares 75,000 shares
Non Institutional 25,00,000 shares 1,50,000 shares
HNI 25,00,000 shares 6,00,000 shares
Retail 25,00,000 shares 6,75,000 shares
Others
Total 1,00,00,000 shares 15,00,000 shares

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