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Comparision between IIFL Finance NCD January 2023 and Indore Municipal NCD February 2023.
IIFL Finance NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indore Municipal NCD February 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at NSE.
| IIFL Finance Limited | Indore Municipal Corporation | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE, NSE | 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 under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
The company has received rating of IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited for the bonds proposed to be issued pursuant to this Issue. |
| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | Edelweiss Financial Services Ltd Iifl Securities Ltd Equirus Capital Private Limited Trust Investment Advisors Private Limited |
A.K. Capital Services Limited SBI Capital Markets Limited |
| Debenture Trusties | Vardhman Trusteeship Private Limited | Vistra Itcl India Limited |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Finance NCD January 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Indore Municipal NCD February 2023 issue size is ₹122.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Limited | Indore Municipal Corporation | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹122.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹244.00 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 AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. | IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited. |
| Tenor | 24, 36, and 60 Months | 3, 5, 7, and 9 years |
| Series | Series I to VII |
Series I |
| Payment Frequency | Annual, Cumulative and Monthly | Half yearly |
| Coupon Incentive |
Offering period of IIFL Finance NCD January 2023 and Indore Municipal NCD February 2023 is mentioned.
| IIFL Finance Limited | Indore Municipal Corporation | |
|---|---|---|
| Bid/Offer Opens On | Jan 06, 2023 | Feb 10, 2023 |
| Bid/Offer Closes On | Jan 18, 2023 | Feb 14, 2023 |
In IIFL Finance NCD January 2023 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In Indore Municipal NCD February 2023 QIBs portion includes 3,05,000 shares and 3,05,000 shares offered are offered to retail investors.
| IIFL Finance Limited | Indore Municipal Corporation | |
|---|---|---|
| Institutional | 1,00,000 shares | 3,05,000 shares |
| Non Institutional | 1,00,000 shares | 3,05,000 shares |
| HNI | 4,00,000 shares | 3,05,000 shares |
| Retail | 4,00,000 shares | 3,05,000 shares |
| Others | ||
| Total | 10,00,000 shares | 12,20,000 shares |
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