IIFL Home Finance NCD vs Piramal Capital NCD July 2021

Comparision between IIFL Home Finance NCD and Piramal Capital NCD July 2021.

NCD Details

IIFL Home Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE, NSE while Piramal Capital NCD July 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

	IIFL Home Finance Ltd	Piramal Capital & Housing Finance Limited
Logo
Security Type	Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at	BSE, NSE	BSE, NSE
Basis of Allotment	First Come First Serve Basis	First Come First Serve Basis
DRHP (Base)		DRHP
RHP (Base)	RHP	RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating	The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Stable” and “BWR AA+/ Negative” by Brickwork Ratings India Private Limited. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.	CARE AA (Under Credit Watch with Developing Implications) ICRA AA with outlook (Negative)
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Lead Managers	Equirus Capital Private Limited Trust Investment Advisors Private Limited	A.K. Capital Services Limited Edelweiss Financial Services Ltd Jm Financial Limited Trust Investment Advisors 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. IIFL Home Finance NCD issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Piramal Capital NCD July 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

	IIFL Home Finance Ltd	Piramal Capital & Housing Finance Limited
Issue Size (Base)	₹100.00 Cr	₹200.00 Cr
Issue Size (Shelf)	₹900.00 Cr	₹800.00 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	CRISIL AA/Stable, BWR AA+/ Negative	CARE AA, ICRA AA with outlook (Negative)
Tenor		26, 36, 60 and 120 months
Series
Payment Frequency
Coupon Incentive

NCD Timetable

Offering period of IIFL Home Finance NCD and Piramal Capital NCD July 2021 is mentioned.

	IIFL Home Finance Ltd	Piramal Capital & Housing Finance Limited
Bid/Offer Opens On	Jul 06, 2021	Jul 12, 2021
Bid/Offer Closes On	Jul 28, 2021	Jul 19, 2021

Shares Offered to Different Investor Category

In IIFL Home Finance NCD QIBs portion includes and offered are offered to retail investors. In Piramal Capital NCD July 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors.

	IIFL Home Finance Ltd	Piramal Capital & Housing Finance Limited
Institutional		2,00,000 shares
Non Institutional		2,00,000 shares
HNI		8,00,000 shares
Retail		8,00,000 shares
Others
Total	10,00,000 shares	20,00,000 shares

Compare with others

IIFL Home Finance Ltd	Piramal Capital & Housing Finance Limited
Indiabulls Housing NCD September 2021	JM Financial NCD Sep 2021
Kosamattam Finance NCD August 2021	Indiabulls Housing NCD September 2021
Muthoottu Mini NCD August 2021	Kosamattam Finance NCD August 2021
Edelweiss Financial NCD August 2021	Muthoottu Mini NCD August 2021
Piramal Capital NCD July 2021	Edelweiss Financial NCD August 2021
KLM Axiva Finvest NCD	IIFL Home Finance NCD
Sakthi Finance NCD June 2021	KLM Axiva Finvest NCD
India Grid Trust NCD April 2021	Sakthi Finance NCD June 2021
Muthoot Fincorp Limited NCD April 2020	India Grid Trust NCD April 2021
Muthoot Finance Limited Tranche III NCD	Muthoot Fincorp Limited NCD April 2020

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