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Comparision between Incred Financial Services NCD Tranche I Jan 2023 and Indiabulls Commercial Credit NCD January 2023.
Incred Financial Services NCD Tranche I Jan 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Commercial Credit NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Incred Financial Services Limited | Indiabulls Commercial Credit Limited | |
|---|---|---|
| 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 company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
The NCDs proposed to be issued under this Issue have been rated "CRISIL AA/Stable" (pronounced as CRISIL double A rating with stable outlook) by CRISIL Ratings and "[ICRA]AA (Stable)" (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited. Instruments with this rating are considered to have high degree of safety. |
| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | Jm Financial Limited | Edelweiss Financial Services Ltd Elara Capital (India) Private Limited Trust Investment Advisors Private Limited |
| Debenture Trusties | Catalyst Trusteeship Limited | Beacon Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Incred Financial Services NCD Tranche I Jan 2023 issue size is ₹175.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Commercial Credit NCD January 2023 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| Incred Financial Services Limited | Indiabulls Commercial Credit Limited | |
|---|---|---|
| Issue Size (Base) | ₹175.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹350.00 Cr | ₹1,000.00 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+/Stable by CRISIL Ratings Limited | CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA/ Stable by ICRA Limited. |
| Tenor | 27 and 39 months | 24, 36, and 60 Months |
| Series | Series I to IV |
Series I to VIII |
| Payment Frequency | Annual and Quarterly | Annual, Cumulative and Monthly |
| Coupon Incentive |
Offering period of Incred Financial Services NCD Tranche I Jan 2023 and Indiabulls Commercial Credit NCD January 2023 is mentioned.
| Incred Financial Services Limited | Indiabulls Commercial Credit Limited | |
|---|---|---|
| Bid/Offer Opens On | Jan 09, 2023 | Jan 05, 2023 |
| Bid/Offer Closes On | Jan 27, 2023 | Jan 27, 2023 |
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. In Indiabulls Commercial Credit NCD January 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.
| Incred Financial Services Limited | Indiabulls Commercial Credit Limited | |
|---|---|---|
| Institutional | 3,50,000 shares | 3,00,000 shares |
| Non Institutional | 3,50,000 shares | 1,00,000 shares |
| HNI | 5,25,000 shares | 3,00,000 shares |
| Retail | 5,25,000 shares | 3,00,000 shares |
| Others | ||
| Total | 17,50,000 shares | 10,00,000 shares |
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