Comparison between Edelweiss Financial NCD December 2021 and IIFL Finance NCD September 2021.
Edelweiss Financial NCD December 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Finance NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued under the issue have been rated “CRISIL AA-/” for an amount of Rs. 10,000 million by CRISIL dated October 22, 2021 and “ACUITE AA” for an amount of Rs. 15,000 million by Acuite dated October 20, 2021. | The NCDs have been rated CRISIL AA/Stable by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Equirus Capital Ltd. | IIFL Capital Services Ltd. Equirus Capital Ltd. Edelweiss Financial Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial NCD December 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Finance NCD September 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹200.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹300.00 Cr | ₹900.00 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-/Negative and ACUITEE AA/Negative | CRISIL AA/Stable & BWR AA+/ Negative |
| Tenor | 24, 36, 60, and 120 Months | 24, 36 and 60 Months |
| Series | Series I to Series X | |
| Payment Frequency | Monthly | Annual, Cumulative |
Offering period of Edelweiss Financial NCD December 2021 and IIFL Finance NCD September 2021 is mentioned.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 06, 2021 | Sep 27, 2021 |
| Bid/Offer Closes On | Dec 22, 2021 | Oct 08, 2021 |
In Edelweiss Financial NCD December 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In IIFL Finance NCD September 2021 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Institutional | 2,00,000 shares | 1,00,000 shares |
| Non Institutional | 2,00,000 shares | 1,00,000 shares |
| HNI | 8,00,000 shares | 4,00,000 shares |
| Retail | 8,00,000 shares | 4,00,000 shares |
| Others | ||
| Total | 20,00,000 shares | 10,00,000 shares |
