Edelweiss Financial NCD April 2021 vs IIFL Finance NCD

Comparision between Edelweiss Financial NCD April 2021 and IIFL Finance NCD.

NCD Details

Edelweiss Financial NCD April 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) proposed to list at BSE.

	Edelweiss Financial Services Limited	IIFL Finance Limited
Logo
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)	Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Listing at	BSE	BSE
Basis of Allotment	First Come First Serve Basis	First Come First Serve Basis
DRHP (Base)
RHP (Base)	RHP	RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Lead Managers	Equirus Capital Private Limited	Edelweiss Financial Services Ltd Equirus Capital Private Limited
Debenture Trusties
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. Edelweiss Financial NCD April 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Finance NCD issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	Edelweiss Financial Services Limited	IIFL Finance Limited
Issue Size (Base)	₹200.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹200.00 Cr	₹900.00 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	10 NCD	10 NCD
Credit Rating	‘Acuite AA’: (Outlook: Negative) by Acuite Ratings & Research Limited and “BWR AA-/Stable (Assigned)" by Brickwork Ratings India Private Limited	The NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited.
Tenor		87 Months
Series
Payment Frequency	Monthly, Annual and Cumulative	Monthly, Annually, At Maturity
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD April 2021 and IIFL Finance NCD is mentioned.

	Edelweiss Financial Services Limited	IIFL Finance Limited
Bid/Offer Opens On	Apr 01, 2021	Mar 03, 2021
Bid/Offer Closes On	Apr 23, 2021	Mar 18, 2021

Shares Offered to Different Investor Category

In Edelweiss Financial NCD April 2021 QIBs portion includes and offered are offered to retail investors. In IIFL Finance NCD QIBs portion includes and offered are offered to retail investors.

	Edelweiss Financial Services Limited	IIFL Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total	20,00,000 shares	10,00,000 shares

Compare with others

Edelweiss Financial Services Limited	IIFL Finance Limited
KLM Axiva Finvest NCD	Muthoot Fincorp Limited NCD April 2020
Sakthi Finance NCD June 2021	Muthoot Finance Limited Tranche III NCD
India Grid Trust NCD April 2021	Edelweiss Financial NCD April 2021
Muthoot Fincorp Limited NCD April 2020	Kosamattam Finance NCD March 2021
Muthoot Finance Limited Tranche III NCD	Muthoottu Mini NCD March 2021
Kosamattam Finance NCD March 2021	Muthoot Fincorp NCD February 2020
Muthoottu Mini NCD March 2021	Power Finance Corp NCD January 2021
IIFL Finance NCD	Muthoottu Mini NCD January 2021
Muthoot Fincorp NCD February 2020	Muthoot Fincorp NCD December 2020
Power Finance Corp NCD January 2021	Kosamattam Fin NCD December 2020

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