Arka Fincap NCD Tranche I Nov 2023 vs ICL Fincorp NCD Nov 2023

Comparision between Arka Fincap NCD Tranche I Nov 2023 and ICL Fincorp NCD Nov 2023.

NCD Details

Arka Fincap NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	Arka Fincap Limited	ICL Fincorp 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 this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook.	The NCDs proposed to be issued have been rated 'ACUITE BBB-' by Acuité.
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Lead Managers	Jm Financial Limited Nuvama Wealth Management Limited	Saffron Capital Advisors Private Limited
Debenture Trusties	Catalyst Trusteeship Limited	Mitcon Credentia Trusteeship Services 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. Arka Fincap NCD Tranche I Nov 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	Arka Fincap Limited	ICL Fincorp Limited
Issue Size (Base)	₹300.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹500.00 Cr	₹100.00 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-/ Positive” by CRISIL Ratings Limited	ACUITE BBB- with stable outlook by Acuité
Tenor	24, 36 and 60 Months	13, 24, 36, 60 and 68 months
Series	Series I to VI	Series I to X
Payment Frequency	Quarterly and Annually	Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Arka Fincap NCD Tranche I Nov 2023 and ICL Fincorp NCD Nov 2023 is mentioned.

	Arka Fincap Limited	ICL Fincorp Limited
Bid/Offer Opens On	Dec 07, 2023	Nov 28, 2023
Bid/Offer Closes On	Dec 20, 2023	Dec 11, 2023

Shares Offered to Different Investor Category

In Arka Fincap NCD Tranche I Nov 2023 QIBs portion includes 3,75,000 shares and 3,75,000 shares offered are offered to retail investors. In ICL Fincorp NCD Nov 2023 QIBs portion includes 10,000 shares and 7,50,000 shares offered are offered to retail investors.

	Arka Fincap Limited	ICL Fincorp Limited
Institutional	3,75,000 shares	10,000 shares
Non Institutional	3,75,000 shares	40,000 shares
HNI	3,75,000 shares	2,00,000 shares
Retail	3,75,000 shares	7,50,000 shares
Others
Total	15,00,000 shares	10,00,000 shares

Compare with others

Arka Fincap Limited	ICL Fincorp Limited
360 ONE Prime Tranche I NCD January 2024	Kosamattam Finance NCD January 2024
Muthoot Fincorp NCD January Tranche III 2023	Indiabulls Housing Fin. Tranche IV NCD Dec 2023
Edelweiss Financial Services NCD January 2024	Arka Fincap NCD Tranche I Nov 2023
Kosamattam Finance NCD January 2024	IIFL Samasta Finance NCD Tranche I Nov 2023
Indiabulls Housing Fin. Tranche IV NCD Dec 2023	Cholamandalam Investment NCD Tranche III Nov. 2023
IIFL Samasta Finance NCD Tranche I Nov 2023	Muthoot Mercantile NCD Nov 2023
Cholamandalam Investment NCD Tranche III Nov. 2023	Indiabulls Housing Fin. Tranche III NCD Oct 2023
ICL Fincorp NCD Nov 2023	Piramal Enterprises NCD Tranche I October 2023
Muthoot Mercantile NCD Nov 2023	Incred Financial Services October 2023 NCD
Indiabulls Housing Fin. Tranche III NCD Oct 2023	Chemmanur Credits and Investments NCD October 2023

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