Comparison between ICL Fincorp Limited NCD April 2024 and Navi Finserv NCD February 2024.
ICL Fincorp Limited NCD April 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Navi Finserv NCD February 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| ICL Fincorp Ltd. | Navi Finserv 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  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated ACUITE BBB- by Acuite Ratings and Research Limited, with such ratings considered to have a stable outlook. | The NCDs proposed to be issued pursuant to this Issue have been rated CRISIL A/Stable by CRISIL. |
| Registrar | Cameo Corporate Services Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Saffron Capital Advisors Pvt.Ltd. | JM Financial Ltd. |
| Debenture Trustees | Mitcon Credentia Trusteeship Services Ltd. | Catalyst Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. ICL Fincorp Limited NCD April 2024 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD February 2024 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| ICL Fincorp Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹75.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ||
| 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 | ACUITE BBB- by Acuite Ratings and Research Limited | CRISIL A/Stable by CRISIL. |
| Tenor | 13, 24, 36, 60 and 68 months | 18, 27 and 36 months |
| Series | Series I to X | Series I to V |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Annually |
Offering period of ICL Fincorp Limited NCD April 2024 and Navi Finserv NCD February 2024 is mentioned.
| ICL Fincorp Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 05, 2024 | Feb 26, 2024 |
| Bid/Offer Closes On | Apr 12, 2024 | Mar 07, 2024 |
In ICL Fincorp Limited NCD April 2024 QIBs portion includes 7,500 shares and 5,10,000 shares offered are offered to retail investors. In Navi Finserv NCD February 2024 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors.
| ICL Fincorp Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Institutional | 7,500 shares | 6,00,000 shares |
| Non Institutional | 7,500 shares | 7,50,000 shares |
| HNI | 2,25,000 shares | 7,50,000 shares |
| Retail | 5,10,000 shares | 9,00,000 shares |
| Others | ||
| Total | 7,50,000 shares | 30,00,000 shares |
