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Comparision between IIFL Finance NCD Tranche II June 2023 and Sakthi Finance NCD April 2023.
IIFL Finance NCD Tranche II June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD April 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| 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  |
|
| 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/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
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 | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited Iifl Securities Ltd Equirus Capital Private Limited |
Bonanza Portfolio Limited |
| Debenture Trusties | Vardhman Trusteeship Private 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. IIFL Finance NCD Tranche II June 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.
| IIFL Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 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/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. | ICRA BBB (Stable) |
| Tenor | 24, 36 and 60 Months | 24, 36, 48, 60 and 85 months |
| Series | Series I to VII |
Series I to IX |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Cumulative |
| Coupon Incentive |
Offering period of IIFL Finance NCD Tranche II June 2023 and Sakthi Finance NCD April 2023 is mentioned.
| IIFL Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Jun 09, 2023 | Apr 17, 2023 |
| Bid/Offer Closes On | Jun 22, 2023 | Apr 28, 2023 |
In IIFL Finance NCD Tranche II June 2023 QIBs portion includes 3,00,000 shares and 12,00,000 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.
| IIFL Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Institutional | 3,00,000 shares | 50,000 shares |
| Non Institutional | 12,00,000 shares | 1,50,000 shares |
| HNI | 0 shares | 4,00,000 shares |
| Retail | 12,00,000 shares | 4,00,000 shares |
| Others | ||
| Total | 30,00,000 shares | 10,00,000 shares |
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