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Comparision between Indel Money NCD June 2023 and Power Finance Corporation NCD July 2023.
Indel Money NCD June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Power Finance Corporation NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indel Money Limited | Power Finance Corporation Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured 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) | DRHP  |
|
| RHP (Base) | RHP |
RHP |
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The company has received a rating of BBB +/Stable (pronounced as CRISIL triple B plus rating with Stable outlook) by Crisil Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
The NCDs proposed to be issued under the issue have been rated "CARE AAA, Stable" by CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Limited, and "ICRA AAA, Stable" by ICRA Limited. |
| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | Vivro Financial Services Private Limited | Jm Financial Limited A.K. Capital Services Limited Smc Capitals Limited Trust Investment Advisors Private Limited Nuvama Wealth Management Limited |
| Debenture Trusties | Vistra Itcl India Limited | Beacon Trusteeship Limited |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indel Money NCD June 2023 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Power Finance Corporation NCD July 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indel Money Limited | Power Finance Corporation Limited | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹100.00 Cr | ₹5,000.00 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 | BBB +/Stable rating by Crisil Ratings Limited. | CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited |
| Tenor | 400 days, 24, 61, and 72 months. | 3, 10, and 15 years |
| Series | Series I to VII | Series I to III |
| Payment Frequency | Monthly and Cumulative | Annually |
| Coupon Incentive |
Offering period of Indel Money NCD June 2023 and Power Finance Corporation NCD July 2023 is mentioned.
| Indel Money Limited | Power Finance Corporation Limited | |
|---|---|---|
| Bid/Offer Opens On | Jun 06, 2023 | Jul 21, 2023 |
| Bid/Offer Closes On | Jun 19, 2023 | Jul 26, 2023 |
In Indel Money NCD June 2023 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Power Finance Corporation NCD July 2023 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors.
| Indel Money Limited | Power Finance Corporation Limited | |
|---|---|---|
| Institutional | 50,000 shares | 5,00,000 shares |
| Non Institutional | 2,00,000 shares | 5,00,000 shares |
| HNI | 20,00,000 shares | |
| Retail | 2,50,000 shares | 20,00,000 shares |
| Others | ||
| Total | 5,00,000 shares | 50,00,000 shares |
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