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Edelweiss Financial NCD December 2021 vs IIFL Home Finance NCD December 2021

Comparision between Edelweiss Financial NCD December 2021 and IIFL Home Finance NCD December 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 Home Finance NCD December 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Edelweiss Financial Services Ltd IIFL Home Finance Ltd
Logo Edelweiss Financial NCD December 2021 Logo IIFL Home Finance NCD December 2021 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) 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 Secured NCDs have been rated “CRISIL AA/Stable” (stable outlook) for an amount of ₹50,000 million by CRISIL Ratings Limited and “BWR AA+/ Negative (Assigned)” (Negative outlook”) for an amount of ₹ 50,000 million by Brickwork 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

ICICI Securities Limited

Iifl Securities Ltd

Trust Investment Advisors Private Limited
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 Home Finance NCD December 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Ltd IIFL Home 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 10 NCD
Credit Rating CRISIL AA-/Negative and ACUITEE AA/Negative CRISIL AA/Stable and BWR AA+/ Negative
Tenor 24, 36, 60, and 120 Months 36, 60, 84 Months
Series

Series I to Series X

Series 1 to 8
Payment Frequency Monthly
Coupon Incentive

NCD Timetable

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

  Edelweiss Financial Services Ltd IIFL Home Finance Ltd
Bid/Offer Opens On Dec 06, 2021 Dec 08, 2021
Bid/Offer Closes On Dec 22, 2021 Dec 28, 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 Home Finance NCD December 2021 QIBs portion includes 2,00,000 shares and 3,50,000 shares offered are offered to retail investors.

  Edelweiss Financial Services Ltd IIFL Home Finance Ltd
Institutional 2,00,000 shares 2,00,000 shares
Non Institutional 2,00,000 shares 1,00,000 shares
HNI 8,00,000 shares 3,50,000 shares
Retail 8,00,000 shares 3,50,000 shares
Others
Total 20,00,000 shares 10,00,000 shares

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