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ICL Fincorp NCD Nov 2023 vs IIFL Samasta Finance NCD Tranche I Nov 2023

Comparision between ICL Fincorp NCD Nov 2023 and IIFL Samasta Finance NCD Tranche I Nov 2023.

NCD Details

ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Samasta Finance NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  ICL Fincorp Limited IIFL Samasta Finance Limited
Logo ICL Fincorp NCD Nov 2023 Logo IIFL Samasta Finance NCD Tranche I Nov 2023 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 have been rated 'ACUITE BBB-' by Acuité.

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.

Registrar Cameo Corporate Services Limited Link Intime India Private Ltd
Lead Managers Saffron Capital Advisors Private Limited Jm Financial Limited

Iifl Securities Ltd

Nuvama Wealth Management Limited

Trust Investment Advisors Private Limited
Debenture Trusties Mitcon Credentia Trusteeship Services Limited Beacon Trusteeship Limited
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. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Samasta Finance NCD Tranche I Nov 2023 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.

  ICL Fincorp Limited IIFL Samasta Finance Limited
Issue Size (Base) ₹100.00 Cr ₹1,000.00 Cr
Issue Size (Shelf) ₹100.00 Cr ₹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 ACUITE BBB- with stable outlook by Acuité CRISIL AA-/ Positive by CRISIL Ratings Limited
Tenor 13, 24, 36, 60 and 68 months 24, 36 and 60 Months
Series

Series I to X

Series I to VI

Payment Frequency Monthly, Annual and Cumulative Monthly and Annually
Coupon Incentive

NCD Timetable

Offering period of ICL Fincorp NCD Nov 2023 and IIFL Samasta Finance NCD Tranche I Nov 2023 is mentioned.

  ICL Fincorp Limited IIFL Samasta Finance Limited
Bid/Offer Opens On Nov 28, 2023 Dec 04, 2023
Bid/Offer Closes On Dec 11, 2023 Dec 15, 2023

Shares Offered to Different Investor Category

In ICL Fincorp NCD Nov 2023 QIBs portion includes 10,000 shares and 7,50,000 shares offered are offered to retail investors. In IIFL Samasta Finance NCD Tranche I Nov 2023 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors.

  ICL Fincorp Limited IIFL Samasta Finance Limited
Institutional 10,000 shares 2,00,000 shares
Non Institutional 40,000 shares 2,00,000 shares
HNI 2,00,000 shares 8,00,000 shares
Retail 7,50,000 shares 8,00,000 shares
Others
Total 10,00,000 shares 20,00,000 shares

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