Comparison between Edelweiss Financial Services NCD April 2025 and IIFL Finance NCD April Tranche I 2025.
Edelweiss Financial Services NCD April 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Finance NCD April Tranche I 2025 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) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued under the Issue have been rated CRISIL A+/Stable (pronounced as“Crisil A plus rating” with stable outlook) (for an amount of Rs 10,000 million by CRISIL Ratings Limited. | The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Tipsons Consultancy Services Pvt.Ltd. Nuvama Wealth Management Ltd. | IIFL Capital Services Ltd. Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. |
| Debenture Trustees | Beacon Trusteeship Ltd. | Vardhman Trusteeship Pvt.Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial Services NCD April 2025 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Finance NCD April Tranche I 2025 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) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,500.00 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 A+/Stable by CRISIL Ratings Limited. | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Tenor | 24, 36, 60 and 120 Months | 15, 24, 36 and 60 Months |
| Series | Series I to XII | Series I to IX |
| Payment Frequency | Monthly and Annually | Monthly, Annual and Cumulative |
Offering period of Edelweiss Financial Services NCD April 2025 and IIFL Finance NCD April Tranche I 2025 is mentioned.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 08, 2025 | Apr 07, 2025 |
| Bid/Offer Closes On | Apr 24, 2025 | Apr 11, 2025 |
In Edelweiss Financial Services NCD April 2025 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In IIFL Finance NCD April Tranche I 2025 QIBs portion includes 2,00,000 shares and 3,00,000 shares offered are offered to retail investors.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 2,00,000 shares |
| Non Institutional | 1,00,000 shares | 2,00,000 shares |
| HNI | 4,00,000 shares | 3,00,000 shares |
| Retail | 4,00,000 shares | 3,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
