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Aditya Birla Finance NCD September 2023 vs Indiabulls Housing Finance TrancheII NCD July 2023

Comparision between Aditya Birla Finance NCD September 2023 and Indiabulls Housing Finance TrancheII NCD July 2023.

NCD Details

Aditya Birla Finance NCD September 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Housing Finance TrancheII NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Aditya Birla Finance Limited Indiabulls Housing Finance Limited
Logo Aditya Birla Finance NCD September 2023 Logo Indiabulls Housing Finance TrancheII NCD July 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 pursuant to this Issue have been rated IND AAA Outlook Stable by India Ratings & Research Private Limited, and rated [ICRA]AAA (Stable) by ICRA Limited.

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 with such ratings considered to have a stable outlook.

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Trust Investment Advisors Private Limited

A.K. Capital Services Limited

Jm Financial Limited

Nuvama Wealth Management Limited
Nuvama Wealth Management Limited

Elara Capital (India) Private Limited

Trust Investment Advisors Private Limited
Debenture Trusties Vistra Itcl India Limited Idbi Trusteeship Services Ltd.
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. Aditya Birla Finance NCD September 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing Finance TrancheII NCD July 2023 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  Aditya Birla Finance Limited Indiabulls Housing Finance Limited
Issue Size (Base) ₹1,000.00 Cr ₹200.00 Cr
Issue Size (Shelf) ₹2,000.00 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 IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited
Tenor 3, 5, 10 years 24, 36, 60, 84 and120 Months
Series

Series I to VI

Series I to XII

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

NCD Timetable

Offering period of Aditya Birla Finance NCD September 2023 and Indiabulls Housing Finance TrancheII NCD July 2023 is mentioned.

  Aditya Birla Finance Limited Indiabulls Housing Finance Limited
Bid/Offer Opens On Sep 27, 2023 Sep 06, 2023
Bid/Offer Closes On Oct 12, 2023 Sep 20, 2023

Shares Offered to Different Investor Category

In Aditya Birla Finance NCD September 2023 QIBs portion includes 25,00,000 shares and 25,00,000 shares offered are offered to retail investors. In Indiabulls Housing Finance TrancheII NCD July 2023 QIBs portion includes 3,00,000 shares and 0 shares offered are offered to retail investors.

  Aditya Birla Finance Limited Indiabulls Housing Finance Limited
Institutional 25,00,000 shares 3,00,000 shares
Non Institutional 25,00,000 shares 0 shares
HNI 25,00,000 shares 0 shares
Retail 25,00,000 shares 0 shares
Others
Total 1,00,00,000 shares 10,00,000 shares

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