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Comparision between ICL Fincorp NCD Nov 2023 and Indiabulls Housing Fin. Tranche III NCD Oct 2023.
ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Indiabulls Housing Fin. Tranche III NCD Oct 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| ICL Fincorp Limited | Indiabulls Housing Finance Limited | |
|---|---|---|
| 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/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook. |
| Registrar | Cameo Corporate Services Limited | Kfin Technologies Limited |
| Lead Managers | Saffron Capital Advisors Private Limited | Nuvama Wealth Management Limited Elara Capital (India) Private Limited Trust Investment Advisors Private Limited |
| Debenture Trusties | Mitcon Credentia Trusteeship Services Limited | Idbi 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. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing Fin. Tranche III NCD Oct 2023 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| ICL Fincorp Limited | Indiabulls Housing Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 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/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited |
| Tenor | 13, 24, 36, 60 and 68 months | 24, 36, 60, 84 and 120 Months |
| Series | Series I to X |
Series I to XII |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of ICL Fincorp NCD Nov 2023 and Indiabulls Housing Fin. Tranche III NCD Oct 2023 is mentioned.
| ICL Fincorp Limited | Indiabulls Housing Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Nov 28, 2023 | Oct 20, 2023 |
| Bid/Offer Closes On | Dec 11, 2023 | Nov 03, 2023 |
In ICL Fincorp NCD Nov 2023 QIBs portion includes 10,000 shares and 7,50,000 shares offered are offered to retail investors. In Indiabulls Housing Fin. Tranche III NCD Oct 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.
| ICL Fincorp Limited | Indiabulls Housing Finance Limited | |
|---|---|---|
| Institutional | 10,000 shares | 3,00,000 shares |
| Non Institutional | 40,000 shares | 1,00,000 shares |
| HNI | 2,00,000 shares | 3,00,000 shares |
| Retail | 7,50,000 shares | 3,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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