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Indel Money NCD May 2022 vs Navi Finserv NCD May 2022

Comparision between Indel Money NCD May 2022 and Navi Finserv NCD May 2022.

NCD Details

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

  Indel Money Limited Navi Finserv Limited
Logo Indel Money NCD May 2022 Logo Navi Finserv NCD May 2022 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) DRHP DRHP
RHP (Base) RHP
DRHP (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 NCDs proposed to be issued under the Issue have been rated as IND A/ Stable by India Ratings & Research Pvt Ltd. The instrument with such a rating is expected to have an adequate degree of safety.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited A.K. Capital Services 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. Indel Money NCD May 2022 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD May 2022 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indel Money Limited Navi Finserv Limited
Issue Size (Base) ₹50.00 Cr ₹300.00 Cr
Issue Size (Shelf) ₹50.00 Cr ₹300.00 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 IND A/ Stable by India Ratings & Research Pvt Ltd
Tenor 366 days, 18, 24, 61 and 77 Months 18 and 27 Months
Series

Series I to Series VIII

Series I to IV

Payment Frequency Monthly and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of Indel Money NCD May 2022 and Navi Finserv NCD May 2022 is mentioned.

  Indel Money Limited Navi Finserv Limited
Bid/Offer Opens On May 27, 2022 May 23, 2022
Bid/Offer Closes On Jun 22, 2022 Jun 02, 2022

Shares Offered to Different Investor Category

In Indel Money NCD May 2022 QIBs portion includes and offered are offered to retail investors. In Navi Finserv NCD May 2022 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors.

  Indel Money Limited Navi Finserv Limited
Institutional 6,00,000 shares
Non Institutional 6,00,000 shares
HNI 9,00,000 shares
Retail 9,00,000 shares
Others
Total 5,00,000 shares 30,00,000 shares

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