Free Account Opening + AMC Free Demat
Loading...

IIFL Finance NCD January 2023 vs Incred Financial Services NCD Tranche I Jan 2023

Comparision between IIFL Finance NCD January 2023 and Incred Financial Services NCD Tranche I Jan 2023.

NCD Details

IIFL Finance NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Incred Financial Services NCD Tranche I Jan 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  IIFL Finance Limited Incred Financial Services Limited
Logo IIFL Finance NCD January 2023 Logo Incred Financial Services NCD Tranche I Jan 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured 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) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Edelweiss Financial Services Ltd

Iifl Securities Ltd

Equirus Capital Private Limited

Trust Investment Advisors Private Limited
Jm Financial Limited
Debenture Trusties Vardhman Trusteeship Private Limited Catalyst 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. IIFL Finance NCD January 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Incred Financial Services NCD Tranche I Jan 2023 issue size is ₹175.00 Cr at a issue price of ₹1,000.00 per NCD.

  IIFL Finance Limited Incred Financial Services Limited
Issue Size (Base) ₹1,000.00 Cr ₹175.00 Cr
Issue Size (Shelf) ₹5,000.00 Cr ₹350.00 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/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. CRISIL A+/Stable by CRISIL Ratings Limited
Tenor 24, 36, and 60 Months 27 and 39 months
Series

Series I to VII

Series I to IV

Payment Frequency Annual, Cumulative and Monthly Annual and Quarterly
Coupon Incentive

NCD Timetable

Offering period of IIFL Finance NCD January 2023 and Incred Financial Services NCD Tranche I Jan 2023 is mentioned.

  IIFL Finance Limited Incred Financial Services Limited
Bid/Offer Opens On Jan 06, 2023 Jan 09, 2023
Bid/Offer Closes On Jan 18, 2023 Jan 27, 2023

Shares Offered to Different Investor Category

In IIFL Finance NCD January 2023 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In Incred Financial Services NCD Tranche I Jan 2023 QIBs portion includes 3,50,000 shares and 5,25,000 shares offered are offered to retail investors.

  IIFL Finance Limited Incred Financial Services Limited
Institutional 1,00,000 shares 3,50,000 shares
Non Institutional 1,00,000 shares 3,50,000 shares
HNI 4,00,000 shares 5,25,000 shares
Retail 4,00,000 shares 5,25,000 shares
Others
Total 10,00,000 shares 17,50,000 shares

Comments

Add a public comment...