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Edelweiss Financial Services NCD July 2024 vs IIFL Samasta Finance NCD Tranche II May 2024

Comparision between Edelweiss Financial Services NCD July 2024 and IIFL Samasta Finance NCD Tranche II May 2024.

NCD Details

Edelweiss Financial Services NCD July 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Samasta Finance NCD Tranche II May 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Edelweiss Financial Services Limited IIFL Samasta Finance Limited
Logo Edelweiss Financial Services NCD July 2024 Logo IIFL Samasta Finance NCD Tranche II May 2024 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE, NSE
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 the Issue have been rated "CRISIL A+/Watch Negative (placed on 'Rating Watch with Negative Implications') for an amount of ₹ 1,500 million by CRISIL Limited.

The ratings of NCDs proposed to be issued under the terms of this Tranche II Prospectus have been revalidated to CRISIL AA-/Watch Developing (Continues on 'Rating Watch with Developing Implications') for an amount of ₹ 2,000 crore by CRISIL Ratings Limited vide their rating letter dated May 8, 2024 and 'ACUITE AA | Rating Watch Negative Implications' for an amount of ₹ 2,000 crore by Acuite Ratings & Research Limited vide their rating revalidation letter dated May 10, 2024.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Trust Investment Advisors Private Limited

Nuvama Wealth Management Limited
Trust Investment Advisors Private Limited

Nuvama Wealth Management Limited

Iifl Securities Ltd
Debenture Trusties Beacon Trusteeship Limited Beacon Trusteeship 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. Edelweiss Financial Services NCD July 2024 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Samasta Finance NCD Tranche II May 2024 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Limited IIFL Samasta Finance Limited
Issue Size (Base) ₹100.00 Cr ₹200.00 Cr
Issue Size (Shelf) ₹2,000.00 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 A+/Watch Negative (placed on 'Rating Watch with Negative Implications') by CRISIL Ratings Limited.

CRISIL AA-/Watch Developing by CRISIL Ratings Limited and 'ACUITE AA | Rating Watch Negative Implications' by Acuite Ratings & Rese

Tenor 24, 36, 60 and 120 Months 24, 36 and 60 Months
Series Series I to XII Series I to VI
Payment Frequency Monthly and Annually Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial Services NCD July 2024 and IIFL Samasta Finance NCD Tranche II May 2024 is mentioned.

  Edelweiss Financial Services Limited IIFL Samasta Finance Limited
Bid/Offer Opens On Jul 08, 2024 Jun 03, 2024
Bid/Offer Closes On Jul 22, 2024 Jun 14, 2024

Shares Offered to Different Investor Category

In Edelweiss Financial Services NCD July 2024 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In IIFL Samasta Finance NCD Tranche II May 2024 QIBs portion includes 2,00,000 shares and 6,00,000 shares offered are offered to retail investors.

  Edelweiss Financial Services Limited IIFL Samasta Finance Limited
Institutional 1,00,000 shares 2,00,000 shares
Non Institutional 1,00,000 shares 6,00,000 shares
HNI 4,00,000 shares 6,00,000 shares
Retail 4,00,000 shares 6,00,000 shares
Others
Total 10,00,000 shares 20,00,000 shares

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