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Comparision between IIFL Finance NCD and Power Finance Corp NCD January 2021.
IIFL Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE while Power Finance Corp NCD January 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Limited | Power Finance Corporation Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE | BSE |
| 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 | ||
| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | Edelweiss Financial Services Ltd Equirus Capital Private Limited |
A.K. Capital Services Limited Edelweiss Financial Services Ltd Jm Financial Limited Trust Investment Advisors Private Limited |
| Debenture Trusties | ||
| 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 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Power Finance Corp NCD January 2021 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Limited | Power Finance Corporation Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹4,500.00 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 | 10 NCD | 1 NCD |
| Credit Rating | The NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. | ‘CARE AAA; Stable’ by CARE; ‘CRISIL AAA / Stable’ by CRISIL; and ‘[ICRA]AAA(Stable)’ by ICRA. |
| Tenor | 87 Months | 3. 5, 10 and 15 years |
| Series | ||
| Payment Frequency | Monthly, Annually, At Maturity | |
| Coupon Incentive |
Offering period of IIFL Finance NCD and Power Finance Corp NCD January 2021 is mentioned.
| IIFL Finance Limited | Power Finance Corporation Limited | |
|---|---|---|
| Bid/Offer Opens On | Mar 03, 2021 | Jan 15, 2021 |
| Bid/Offer Closes On | Mar 18, 2021 | Jan 18, 2021 |
In IIFL Finance NCD QIBs portion includes and offered are offered to retail investors. In Power Finance Corp NCD January 2021 QIBs portion includes and offered are offered to retail investors.
| IIFL Finance Limited | Power Finance Corporation Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 50,00,000 shares |
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