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Indel Money NCD May 2022 vs Sakthi Finance NCD April 2022

Comparision between Indel Money NCD May 2022 and Sakthi Finance NCD April 2022.

NCD Details

Indel Money NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indel Money Limited Sakthi Finance Limited
Logo Indel Money NCD May 2022 Logo Sakthi Finance NCD April 2022 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base) DRHP
RHP (Base)
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The issue has been rated Acuite BBB+/Stable by Acuite Ratings & Research Limited. Instruments with this rating are considered to have a moderate degree of safety and moderate credit risk.

The NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. Instrument with such rating are expected to have a moderate degree of safety regarding timely servicing of debt financial obligations.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Vivro Financial Services 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. Indel Money NCD May 2022 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2022 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indel Money Limited Sakthi Finance Limited
Issue Size (Base) ₹50.00 Cr ₹50.00 Cr
Issue Size (Shelf) ₹50.00 Cr ₹50.00 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 Acuite BBB+/Stable by Acuite Ratings & Research Limited ICRA BBB (Stable)
Tenor 366 days, 18, 24, 61 and 77 Months 24, 36, 48, and 60 months
Series

Series I to Series VIII

Series I to VIII
Payment Frequency Monthly and Cumulative Monthly and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indel Money NCD May 2022 and Sakthi Finance NCD April 2022 is mentioned.

  Indel Money Limited Sakthi Finance Limited
Bid/Offer Opens On May 27, 2022 Apr 11, 2022
Bid/Offer Closes On Jun 22, 2022 May 04, 2022

Shares Offered to Different Investor Category

In Indel Money NCD May 2022 QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD April 2022 QIBs portion includes 25,000 shares and 2,00,000 shares offered are offered to retail investors.

  Indel Money Limited Sakthi Finance Limited
Institutional 25,000 shares
Non Institutional 75,000 shares
HNI 2,00,000 shares
Retail 2,00,000 shares
Others
Total 5,00,000 shares 5,00,000 shares

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