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Edelweiss Financial NCD August 2021 vs India Grid Trust NCD April 2021

Comparision between Edelweiss Financial NCD August 2021 and India Grid Trust NCD April 2021.

NCD Details

Edelweiss Financial NCD August 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while India Grid Trust NCD April 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Edelweiss Financial Services Ltd India Grid Trust
Logo Edelweiss Financial NCD August 2021 Logo India Grid Trust NCD April 2021 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)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated “Acuite AA (Outlook: Negative)” by Acuite Ratings and Research Limited and “[ICRA]A+ (Negative)” by ICRA Limited.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Equirus Capital Private Limited Jm Financial 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. Edelweiss Financial NCD August 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. India Grid Trust NCD April 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Ltd India Grid Trust
Issue Size (Base) ₹200.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹200.00 Cr ₹900.00 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 1 NCD
Market Lot 10 NCD 1 NCD
Credit Rating Acuite AA (Outlook: Negative), [ICRA] A+ (Negative) This Issue have been rated ‘CRISIL AAA/Stable’ by CRISIL Ratings Limited and ‘IND AAA/Stable’ by India Ratings and Research Private Limited.
Tenor 36, 60 and 120 Months 3, 5, 7 & 10 year
Series
Payment Frequency Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD August 2021 and India Grid Trust NCD April 2021 is mentioned.

  Edelweiss Financial Services Ltd India Grid Trust
Bid/Offer Opens On Aug 17, 2021 Apr 28, 2021
Bid/Offer Closes On Sep 06, 2021 Apr 30, 2021

Shares Offered to Different Investor Category

In Edelweiss Financial NCD August 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In India Grid Trust NCD April 2021 QIBs portion includes and offered are offered to retail investors.

  Edelweiss Financial Services Ltd India Grid Trust
Institutional 2,00,000 shares
Non Institutional 2,00,000 shares
HNI 8,00,000 shares
Retail 8,00,000 shares
Others
Total 20,00,000 shares 10,00,000 shares

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