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IIFL Home Finance NCD vs Sakthi Finance NCD June 2021

Comparision between IIFL Home Finance NCD and Sakthi Finance NCD June 2021.

NCD Details

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

  IIFL Home Finance Ltd Sakthi Finance Limited
Logo IIFL Home Finance NCD Logo Sakthi Finance NCD June 2021 Logo
Security Type Unsecured Subordinated Non-Convertible Debentures (Unsecured 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)
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.

The rating committee of ICRA, after due consideration, has assigned the [ICRA] BBB rating to the Sakthi Finance NCD in June 2021. This represents that the NCD has a moderate degree of safety regarding timely servicing of financial obligations. The outlook on long-term rating is 'Stable'.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Equirus Capital Private Limited

Trust Investment Advisors Private Limited
Dalmia Securities 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. Sakthi Finance NCD June 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  IIFL Home Finance Ltd Sakthi Finance Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹900.00 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 10 NCD 10 NCD
Credit Rating CRISIL AA/Stable, BWR AA+/ Negative [ICRA] BBB (Stable)
Tenor 26, 39, 49 and 61 months
Series
Payment Frequency Monthly, Cumulative
Coupon Incentive

NCD Timetable

Offering period of IIFL Home Finance NCD and Sakthi Finance NCD June 2021 is mentioned.

  IIFL Home Finance Ltd Sakthi Finance Limited
Bid/Offer Opens On Jul 06, 2021 Jun 29, 2021
Bid/Offer Closes On Jul 28, 2021 Jul 23, 2021

Shares Offered to Different Investor Category

In IIFL Home Finance NCD QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD June 2021 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.

  IIFL Home Finance Ltd Sakthi Finance Limited
Institutional 50,000 shares
Non Institutional 4,50,000 shares
HNI
Retail 5,00,000 shares
Others 0 shares
Total 10,00,000 shares 10,00,000 shares

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