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CreditAccess Grameen NCD 2022 vs Indiabulls Housing Finance Tranche III NCD Oct2022

Comparision between CreditAccess Grameen NCD 2022 and Indiabulls Housing Finance Tranche III NCD Oct2022.

NCD Details

CreditAccess Grameen NCD 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Housing Finance Tranche III NCD Oct2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  CreditAccess Grameen Limited Indiabulls Housing Finance Limited
Logo CreditAccess Grameen NCD 2022 Logo Indiabulls Housing Finance Tranche III NCD Oct2022 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)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Tranche I Issue have been rated IND AA-/Stable for an amount of Rs. 1500 Crores by India Ratings & Research Private Limited.

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable" by CRISIL Ratings Limited and ICRA AA by ICRA Limited with such ratings considered to have a stable outlook.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited A.K. Capital Services Limited

Edelweiss Financial Services Ltd

Iifl Securities Ltd

Trust Investment Advisors Private Limited
Debenture Trusties Catalyst Trusteeship Limited
NRI Allowed No No
Allotment Link 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. CreditAccess Grameen NCD 2022 issue size is ₹250.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing Finance Tranche III NCD Oct2022 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  CreditAccess Grameen Limited Indiabulls Housing Finance Limited
Issue Size (Base) ₹250.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹1,500.00 Cr ₹700.00 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 IND AA-/Stable by India Ratings & Research Private Limited CRISIL AA/Stable and ICRA AA
Tenor 24, 36 and 60 months 24, 36 and 60 months
Series

Series I to VI

Series I to VIII

Payment Frequency Monthly and Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of CreditAccess Grameen NCD 2022 and Indiabulls Housing Finance Tranche III NCD Oct2022 is mentioned.

  CreditAccess Grameen Limited Indiabulls Housing Finance Limited
Bid/Offer Opens On Nov 14, 2022 Oct 07, 2022
Bid/Offer Closes On Nov 17, 2022 Oct 28, 2022

Shares Offered to Different Investor Category

In CreditAccess Grameen NCD 2022 QIBs portion includes 6,25,000 shares and 6,25,000 shares offered are offered to retail investors. In Indiabulls Housing Finance Tranche III NCD Oct2022 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.

  CreditAccess Grameen Limited Indiabulls Housing Finance Limited
Institutional 6,25,000 shares 3,00,000 shares
Non Institutional 8,75,000 shares 1,00,000 shares
HNI 3,75,000 shares 3,00,000 shares
Retail 6,25,000 shares 3,00,000 shares
Others
Total 25,00,000 shares 10,00,000 shares

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