Comparison between IIFL Finance NCD January 2023 and Indiabulls Commercial Credit NCD January 2023.
IIFL Finance NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Commercial Credit NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Finance Ltd. | Indiabulls Commercial Credit 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) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | DRHP (Shelf) |
| RHP (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 NCDs proposed to be issued under this Issue have been rated "CRISIL AA/Stable" (pronounced as CRISIL double A rating with stable outlook) by CRISIL Ratings and "[ICRA]AA (Stable)" (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited. Instruments with this rating are considered to have high degree of safety. |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Equirus Capital Ltd. IIFL Capital Services Ltd. Edelweiss Financial Services Ltd. | Trust Investment Advisors Pvt.Ltd. Elara Capital (India) Pvt.Ltd. Edelweiss Financial Services Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.Ltd. | Beacon 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. Indiabulls Commercial Credit NCD January 2023 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Indiabulls Commercial Credit Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹1,000.00 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 | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. | CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA/ Stable by ICRA Limited. |
| Tenor | 24, 36, and 60 Months | 24, 36, and 60 Months |
| Series | Series I to VII | Series I to VIII |
| Payment Frequency | Annual, Cumulative and Monthly | Annual, Cumulative and Monthly |
Offering period of IIFL Finance NCD January 2023 and Indiabulls Commercial Credit NCD January 2023 is mentioned.
| IIFL Finance Ltd. | Indiabulls Commercial Credit Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 06, 2023 | Jan 05, 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 Indiabulls Commercial Credit NCD January 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Indiabulls Commercial Credit Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 3,00,000 shares |
| Non Institutional | 1,00,000 shares | 1,00,000 shares |
| HNI | 4,00,000 shares | 3,00,000 shares |
| Retail | 4,00,000 shares | 3,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
