Comparison between Edelweiss Financial Services NCD July 2024 and IIFL Samasta Finance NCD Tranche II May 2024.
Edelweiss Financial Services NCD July 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Samasta Finance NCD Tranche II May 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Edelweiss Financial Services Ltd. | IIFL Samasta 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+/Watch Negative (placed on 'Rating Watch with Negative Implications') for an amount of ₹ 1,500 million by CRISIL Limited. | The ratings of NCDs proposed to be issued under the terms of this Tranche II Prospectus have been revalidated to CRISIL AA-/Watch Developing (Continues on 'Rating Watch with Developing Implications') for an amount of ₹ 2,000 crore by CRISIL Ratings Limited vide their rating letter dated May 8, 2024 and 'ACUITE AA | Rating Watch Negative Implications' for an amount of ₹ 2,000 crore by Acuite Ratings & Research Limited vide their rating revalidation letter dated May 10, 2024. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. | IIFL Capital Services Ltd. Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. |
| Debenture Trustees | Beacon Trusteeship Ltd. | Beacon Trusteeship 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 July 2024 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Samasta Finance NCD Tranche II May 2024 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| Edelweiss Financial Services Ltd. | IIFL Samasta Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 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+/Watch Negative (placed on 'Rating Watch with Negative Implications') by CRISIL Ratings Limited. | CRISIL AA-/Watch Developing by CRISIL Ratings Limited and 'ACUITE AA | Rating Watch Negative Implications' by Acuite Ratings & Rese |
| Tenor | 24, 36, 60 and 120 Months | 24, 36 and 60 Months |
| Series | Series I to XII | Series I to VI |
| Payment Frequency | Monthly and Annually | Monthly and Annually |
Offering period of Edelweiss Financial Services NCD July 2024 and IIFL Samasta Finance NCD Tranche II May 2024 is mentioned.
| Edelweiss Financial Services Ltd. | IIFL Samasta Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jul 08, 2024 | Jun 03, 2024 |
| Bid/Offer Closes On | Jul 22, 2024 | Jun 14, 2024 |
In Edelweiss Financial Services NCD July 2024 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In IIFL Samasta Finance NCD Tranche II May 2024 QIBs portion includes 2,00,000 shares and 6,00,000 shares offered are offered to retail investors.
| Edelweiss Financial Services Ltd. | IIFL Samasta Finance Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 2,00,000 shares |
| Non Institutional | 1,00,000 shares | 6,00,000 shares |
| HNI | 4,00,000 shares | 6,00,000 shares |
| Retail | 4,00,000 shares | 6,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
