Comparison between Arka Fincap NCD Tranche I Nov 2023 and ICL Fincorp NCD Nov 2023.
Arka Fincap NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Arka Fincap Ltd. | ICL Fincorp Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE |
| 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 this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook. | The NCDs proposed to be issued have been rated 'ACUITE BBB-' by Acuité. |
| Registrar | MUFG Intime India Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Lead Managers | Nuvama Wealth Management Ltd. JM Financial Ltd. | Saffron Capital Advisors Pvt.Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Mitcon Credentia Trusteeship Services Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Arka Fincap NCD Tranche I Nov 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Arka Fincap Ltd. | ICL Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹500.00 Cr | ₹100.00 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-/ Positive” by CRISIL Ratings Limited | ACUITE BBB- with stable outlook by Acuité |
| Tenor | 24, 36 and 60 Months | 13, 24, 36, 60 and 68 months |
| Series | Series I to VI | Series I to X |
| Payment Frequency | Quarterly and Annually | Monthly, Annual and Cumulative |
Offering period of Arka Fincap NCD Tranche I Nov 2023 and ICL Fincorp NCD Nov 2023 is mentioned.
| Arka Fincap Ltd. | ICL Fincorp Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 07, 2023 | Nov 28, 2023 |
| Bid/Offer Closes On | Dec 20, 2023 | Dec 11, 2023 |
In Arka Fincap NCD Tranche I Nov 2023 QIBs portion includes 3,75,000 shares and 3,75,000 shares offered are offered to retail investors. In ICL Fincorp NCD Nov 2023 QIBs portion includes 10,000 shares and 7,50,000 shares offered are offered to retail investors.
| Arka Fincap Ltd. | ICL Fincorp Ltd. | |
|---|---|---|
| Institutional | 3,75,000 shares | 10,000 shares |
| Non Institutional | 3,75,000 shares | 40,000 shares |
| HNI | 3,75,000 shares | 2,00,000 shares |
| Retail | 3,75,000 shares | 7,50,000 shares |
| Others | ||
| Total | 15,00,000 shares | 10,00,000 shares |
