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Comparision between IIFL Samasta Finance NCD Tranche II May 2024 and SMC Global Securities NCD 2024.
IIFL Samasta Finance NCD Tranche II May 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while SMC Global Securities NCD 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Samasta Finance Limited | SMC Global Securities Limited | |
|---|---|---|
| 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 ratings of NCDs proposed to be issued under the terms of this Tranche II Prospectus have been revalidated to CRISIL AA-/Watch Developing (Continues on 'Rating Watch with Developing Implications') for an amount of ₹ 2,000 crore by CRISIL Ratings Limited vide their rating letter dated May 8, 2024 and 'ACUITE AA | Rating Watch Negative Implications' for an amount of ₹ 2,000 crore by Acuite Ratings & Research Limited vide their rating revalidation letter dated May 10, 2024. |
The NCDs proposed to be issued under this Issue have been rated 'CRISILA/Stable' (pronounced as CRISIL A rating with Stable outlook) by CRISIL Ratings Limited for an amount of up to ₹17,500 Lakhs, and rated '[ICRA] (A Stable)' (pronounced as ICRA A rating with a stable outlook) by ICRA Limited for an amount of up to ₹40,000 Lakhs. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | Trust Investment Advisors Private Limited Nuvama Wealth Management Limited Iifl Securities Ltd |
Corporate Professionals Capital Private Ltd |
| Debenture Trusties | Beacon Trusteeship Limited | Idbi Trusteeship Services Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Samasta Finance NCD Tranche II May 2024 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. SMC Global Securities NCD 2024 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Samasta Finance Limited | SMC Global Securities Limited | |
|---|---|---|
| Issue Size (Base) | ₹200.00 Cr | ₹75.00 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 | CRISIL AA-/Watch Developing by CRISIL Ratings Limited and 'ACUITE AA | Rating Watch Negative Implications' by Acuite Ratings & Rese |
CRISILA/Stable by CRISIL Ratings Limited and [ICRA] (A Stable) by ICRA Limited. |
| Tenor | 24, 36 and 60 Months | 24, 36, and 60 Months |
| Series | Series I to VI | Series I to VI |
| Payment Frequency | Monthly and Annually | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of IIFL Samasta Finance NCD Tranche II May 2024 and SMC Global Securities NCD 2024 is mentioned.
| IIFL Samasta Finance Limited | SMC Global Securities Limited | |
|---|---|---|
| Bid/Offer Opens On | Jun 03, 2024 | Jul 19, 2024 |
| Bid/Offer Closes On | Jun 14, 2024 | Aug 01, 2024 |
In IIFL Samasta Finance NCD Tranche II May 2024 QIBs portion includes 2,00,000 shares and 6,00,000 shares offered are offered to retail investors. In SMC Global Securities NCD 2024 QIBs portion includes 75,000 shares and 3,00,000 shares offered are offered to retail investors.
| IIFL Samasta Finance Limited | SMC Global Securities Limited | |
|---|---|---|
| Institutional | 2,00,000 shares | 75,000 shares |
| Non Institutional | 6,00,000 shares | 1,87,500 shares |
| HNI | 6,00,000 shares | 1,87,500 shares |
| Retail | 6,00,000 shares | 3,00,000 shares |
| Others | ||
| Total | 20,00,000 shares | 7,50,000 shares |
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