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Indiabulls Consumer NCD May 2019 vs Shriram Transport Finance NCD July 2019

Comparision between Indiabulls Consumer NCD May 2019 and Shriram Transport Finance NCD July 2019.

NCD Details

Indiabulls Consumer NCD May 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Shriram Transport Finance NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Indiabulls Consumer Finance Limited Shriram Transport Finance Company Ltd
Logo Indiabulls Consumer NCD May 2019 Logo Shriram Transport Finance NCD July 2019 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)
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf) DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated CARE AA; Stable (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19 dated January 4, 2019 and instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June
28, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 26, 2019 and 'IND AA+; Outlook Stable' by India Ratings
and Research Private Limited ("India Ratings") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June 25, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings
indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Kfin Technologies Limited Integrated Registry Management Services Private Limited
Lead Managers A.K. Capital Services Limited

Axis Bank Limited

Edelweiss Financial Services Ltd

Trust Investment Advisors Private Limited
A.K. Capital Services Limited

Jm Financial Limited

Smc Capitals Limited
Debenture Trusties
NRI Allowed No Yes
Allotment Link Allotment Link 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. Indiabulls Consumer NCD May 2019 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram Transport Finance NCD July 2019 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indiabulls Consumer Finance Limited Shriram Transport Finance Company Ltd
Issue Size (Base) ₹1,000.00 Cr ₹300.00 Cr
Issue Size (Shelf) ₹3,000.00 Cr ₹10,000.00 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 CARE AA/Stable, BWR AA+/Stable CARE AA+/Stable, CRISIL AA+/Stable
Tenor 400 days/ 24 months /36 months/ 60 months Annual, Cumulative, and Monthly
Series

Series I to Series IX

Series I to Series X

Payment Frequency Monthly and Annual 30 months/42 months/60 months/84 months
Coupon Incentive

NCD Timetable

Offering period of Indiabulls Consumer NCD May 2019 and Shriram Transport Finance NCD July 2019 is mentioned.

  Indiabulls Consumer Finance Limited Shriram Transport Finance Company Ltd
Bid/Offer Opens On May 30, 2019 Jul 17, 2019
Bid/Offer Closes On Jun 21, 2019 Aug 16, 2019

Shares Offered to Different Investor Category

In Indiabulls Consumer NCD May 2019 QIBs portion includes and offered are offered to retail investors. In Shriram Transport Finance NCD July 2019 QIBs portion includes and offered are offered to retail investors.

  Indiabulls Consumer Finance Limited Shriram Transport Finance Company Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 30,00,000 shares

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