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Comparision between Edelweiss Financial NCD December 2021 and InCred Financial Services NCD January 2022.
Edelweiss Financial NCD December 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while InCred Financial Services NCD January 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Edelweiss Financial Services Ltd | InCred Financial Services Limited | |
|---|---|---|
| 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) | ||
| RHP (Base) | RHP  |
RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The NCDs proposed to be issued under the issue have been rated “CRISIL AA-/” for an amount of Rs. 10,000 million by CRISIL dated October 22, 2021 and “ACUITE AA” for an amount of Rs. 15,000 million by Acuite dated October 20, 2021. |
CRISIL Ratings has assigned "CRISIL A" rating to the Debt instrument and placed the rating under "Rating Watch with Positive Implications". Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | Equirus Capital Private Limited | Incred Capital Financial Services Pvt Ltd Sundae Capital Advisors |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial NCD December 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. InCred Financial Services NCD January 2022 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.
| Edelweiss Financial Services Ltd | InCred Financial Services Limited | |
|---|---|---|
| Issue Size (Base) | ₹200.00 Cr | ₹125.00 Cr |
| Issue Size (Shelf) | ₹300.00 Cr | ₹25.00 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-/Negative and ACUITEE AA/Negative | CRISIL A |
| Tenor | 24, 36, 60, and 120 Months | 12 months and 1 day/ 24 months |
| Series | Series I to Series X |
Series I to Series III |
| Payment Frequency | Monthly | Annual and Cumulative |
| Coupon Incentive |
Offering period of Edelweiss Financial NCD December 2021 and InCred Financial Services NCD January 2022 is mentioned.
| Edelweiss Financial Services Ltd | InCred Financial Services Limited | |
|---|---|---|
| Bid/Offer Opens On | Dec 06, 2021 | Jan 24, 2022 |
| Bid/Offer Closes On | Dec 22, 2021 | Feb 14, 2022 |
In Edelweiss Financial NCD December 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In InCred Financial Services NCD January 2022 QIBs portion includes 62,500 shares and 8,75,000 shares offered are offered to retail investors.
| Edelweiss Financial Services Ltd | InCred Financial Services Limited | |
|---|---|---|
| Institutional | 2,00,000 shares | 62,500 shares |
| Non Institutional | 2,00,000 shares | 2,50,000 shares |
| HNI | 8,00,000 shares | 62,500 shares |
| Retail | 8,00,000 shares | 8,75,000 shares |
| Others | ||
| Total | 20,00,000 shares | 12,50,000 shares |
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