Edelweiss Financial NCD December 2021 vs IIFL Finance NCD September 2021

Comparision between Edelweiss Financial NCD December 2021 and IIFL Finance NCD September 2021.

NCD Details

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 Limited
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 Limited	Link Intime India Private Ltd
Lead Managers	Equirus Capital Private Limited	Edelweiss Financial Services Ltd Equirus Capital Private Limited Iifl Securities Ltd
Debenture Trusties
NRI Allowed	No	No
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. 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 Limited
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
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD December 2021 and IIFL Finance NCD September 2021 is mentioned.

	Edelweiss Financial Services Ltd	IIFL Finance Limited
Bid/Offer Opens On	Dec 06, 2021	Sep 27, 2021
Bid/Offer Closes On	Dec 22, 2021	Oct 08, 2021

Shares Offered to Different Investor Category

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 Limited
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

Compare with others

Edelweiss Financial Services Ltd	IIFL Finance Limited
InCred Financial Services NCD January 2022	Edelweiss Financial NCD December 2021
Muthoot Fincorp NCD January 2022	Muthoottu Mini NCD November 2021
Dhani Loans and Services NCD January 2022	Ugro Capital NCD October 2021
Indiabulls Housing NCD Dec 2021	Klm Axiva Finvest Limited NCD September 2021
IIFL Home Finance NCD December 2021	Muthoot Fincorp NCD September 2021
Muthoottu Mini NCD November 2021	Indel Money NCD Sep 2021
Ugro Capital NCD October 2021	JM Financial NCD Sep 2021
Klm Axiva Finvest Limited NCD September 2021	Indiabulls Housing NCD September 2021
Muthoot Fincorp NCD September 2021	Kosamattam Finance NCD August 2021
IIFL Finance NCD September 2021	Muthoottu Mini NCD August 2021

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