Comparison between IIFL Finance NCD January 2023 and Incred Financial Services NCD Tranche I Jan 2023.
IIFL Finance NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Incred Financial Services NCD Tranche I Jan 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Finance Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | 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 this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. | The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Equirus Capital Ltd. IIFL Capital Services Ltd. Edelweiss Financial Services Ltd. | JM Financial Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.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. IIFL Finance NCD January 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Incred Financial Services NCD Tranche I Jan 2023 issue size is ₹175.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹175.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹350.00 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/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. | CRISIL A+/Stable by CRISIL Ratings Limited |
| Tenor | 24, 36, and 60 Months | 27 and 39 months |
| Series | Series I to VII | Series I to IV |
| Payment Frequency | Annual, Cumulative and Monthly | Annual and Quarterly |
Offering period of IIFL Finance NCD January 2023 and Incred Financial Services NCD Tranche I Jan 2023 is mentioned.
| IIFL Finance Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 06, 2023 | Jan 09, 2023 |
| Bid/Offer Closes On | Jan 18, 2023 | Jan 27, 2023 |
In IIFL Finance NCD January 2023 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In Incred Financial Services NCD Tranche I Jan 2023 QIBs portion includes 3,50,000 shares and 5,25,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 3,50,000 shares |
| Non Institutional | 1,00,000 shares | 3,50,000 shares |
| HNI | 4,00,000 shares | 5,25,000 shares |
| Retail | 4,00,000 shares | 5,25,000 shares |
| Others | ||
| Total | 10,00,000 shares | 17,50,000 shares |
