Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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| Issue Open | January 24, 2022 |
| Issue Close | February 14, 2022 |
| Issue Size (Base) | ₹125.00 Crores |
| Issue Size (Shelf) | ₹25.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE, NSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
| Bid/Offer Opens On | January 24, 2022 |
| Bid/Offer Closes On | February 14, 2022 |
| Record Date | |
| Deemed Date of Allotment |
| Options | Series 1 | Series II | Series III | |||||||
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| Frequency of Interest Payment | Cumulative | Annually | Annually | |||||||
| Minimum Application | Rs 10,000 (10 NCDs)across all Series | |||||||||
| Face Value/ Issue Price of NCDs (Rs/ NCD) | Rs 1000 | |||||||||
| In Multiples of thereafter (Rs) | Rs 1000 (1 NCD) | |||||||||
| Tenor | 12 months and 1 day | 24 Months | 24 Months | |||||||
| Coupon Rate % Per Annum for NCD Holders in Category I, II, III & IV | NA | 9.25% per annum compounded monthly payable annually | 9.13% per annum compounded monthly payable annually | |||||||
| Effective Yield (per annum) for NCD Holders in Category I, II, III & IV | 9.25% | 9.65% | 9.52% | |||||||
| Mode of Interest Payment | Through various modes available | |||||||||
| Amount (Rs / NCD) on Maturity for NCD Holders in Category I, II, III & IV | 1,092.75 | 1000 | 1000 | |||||||
| Maturity / Redemption Date (Months from the Deemed Date of Allotment) | 12 months and 1 day | 24 months | 50% of the face value of NCD will be redeemed on the date occurring on expiry of 12 months from the Deemed Date of Allotment and remaining 50% will be redeemed on the date occurring on expiry of 24 months from the Deemed Date of Allotment | |||||||
| Put and Call Option | NA | |||||||||
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check InCred Financial Services Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
CRISIL Ratings has assigned "CRISIL A" rating to the Debt instrument and placed the rating under "Rating Watch with Positive Implications". Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.
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