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Comparision between Edelweiss Financial NCD Tranche III July 2023 and Sakthi Finance NCD April 2023.
Edelweiss Financial NCD Tranche III July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Edelweiss Financial Services Limited | Sakthi Finance Limited | |
|---|---|---|
| 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 "CRISIL AA-/" Negative by CRISIL Ratings Limited and "ACUITE AA-/" Negative Acuite Ratings & Research Limited. |
The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. An instrument with such a rating is expected to have a moderate degree of safety regarding the timely servicing of debt financial obligations. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | Equirus Capital Private Limited | Bonanza Portfolio Limited |
| Debenture Trusties | Beacon Trusteeship Limited | Catalyst Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial NCD Tranche III July 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Edelweiss Financial Services Limited | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹1,000.00 Cr | ₹200.00 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 | CRISIL AA-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited | ICRA BBB (Stable) |
| Tenor | 24, 36, 60 and 120 Months | 24, 36, 48, 60 and 85 months |
| Series | Series I to X |
Series I to IX |
| Payment Frequency | Annual and Monthly | Monthly and Cumulative |
| Coupon Incentive |
Offering period of Edelweiss Financial NCD Tranche III July 2023 and Sakthi Finance NCD April 2023 is mentioned.
| Edelweiss Financial Services Limited | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Jul 04, 2023 | Apr 17, 2023 |
| Bid/Offer Closes On | Jul 17, 2023 | Apr 28, 2023 |
In Edelweiss Financial NCD Tranche III July 2023 QIBs portion includes 1,50,000 shares and 6,00,000 shares offered are offered to retail investors. In Sakthi Finance NCD April 2023 QIBs portion includes 50,000 shares and 4,00,000 shares offered are offered to retail investors.
| Edelweiss Financial Services Limited | Sakthi Finance Limited | |
|---|---|---|
| Institutional | 1,50,000 shares | 50,000 shares |
| Non Institutional | 1,50,000 shares | 1,50,000 shares |
| HNI | 6,00,000 shares | 4,00,000 shares |
| Retail | 6,00,000 shares | 4,00,000 shares |
| Others | ||
| Total | 15,00,000 shares | 10,00,000 shares |
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