Comparison between IIFL Finance NCD September 2021 and Indel Money NCD Sep 2021.
IIFL Finance NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indel Money NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Ltd. | Indel Money Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs have been rated CRISIL AA/Stable by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. | The issue has been rated “CRISIL BBB/Stable” by CRISIL Ratings Limited. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | IIFL Capital Services Ltd. Equirus Capital Ltd. Edelweiss Financial Services Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | ||
| 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 September 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Indel Money NCD Sep 2021 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Indel Money Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹75.00 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 & BWR AA+/ Negative | ‘"CRISIL BBB/Stable" by CRISIL Ratings |
| Tenor | 24, 36 and 60 Months | 366 days, 18, 36, 54, 61 and 71 Months |
| Series | Series I to Series XI | |
| Payment Frequency | Annual, Cumulative | Monthly, Annual and Cumulative |
Offering period of IIFL Finance NCD September 2021 and Indel Money NCD Sep 2021 is mentioned.
| IIFL Finance Ltd. | Indel Money Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 27, 2021 | Sep 23, 2021 |
| Bid/Offer Closes On | Oct 08, 2021 | Oct 18, 2021 |
In IIFL Finance NCD September 2021 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In Indel Money NCD Sep 2021 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Indel Money Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 75,000 shares |
| Non Institutional | 1,00,000 shares | 3,00,000 shares |
| HNI | 4,00,000 shares | |
| Retail | 4,00,000 shares | 3,75,000 shares |
| Others | ||
| Total | 10,00,000 shares | 7,50,000 shares |
