Comparison between Edelweiss Financial NCD Tranche III July 2023 and IIFL Finance NCD Tranche II June 2023.
Edelweiss Financial NCD Tranche III July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Finance NCD Tranche II June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| 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) | ||
| 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 the issue have been rated "CRISIL AA-/" Negative by CRISIL Ratings Limited and "ACUITE AA-/" Negative Acuite Ratings & Research Limited. | 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. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Equirus Capital Ltd. | Equirus Capital Ltd. IIFL Capital Services Ltd. Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. |
| Debenture Trustees | Beacon Trusteeship Ltd. | Vardhman Trusteeship Pvt.Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial NCD Tranche III July 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Finance NCD Tranche II June 2023 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹1,000.00 Cr | ₹5,000.00 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-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Tenor | 24, 36, 60 and 120 Months | 24, 36 and 60 Months |
| Series | Series I to X | Series I to VII |
| Payment Frequency | Annual and Monthly | Monthly, Annual and Cumulative |
Offering period of Edelweiss Financial NCD Tranche III July 2023 and IIFL Finance NCD Tranche II June 2023 is mentioned.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jul 04, 2023 | Jun 09, 2023 |
| Bid/Offer Closes On | Jul 17, 2023 | Jun 22, 2023 |
In Edelweiss Financial NCD Tranche III July 2023 QIBs portion includes 1,50,000 shares and 6,00,000 shares offered are offered to retail investors. In IIFL Finance NCD Tranche II June 2023 QIBs portion includes 3,00,000 shares and 12,00,000 shares offered are offered to retail investors.
| Edelweiss Financial Services Ltd. | IIFL Finance Ltd. | |
|---|---|---|
| Institutional | 1,50,000 shares | 3,00,000 shares |
| Non Institutional | 1,50,000 shares | 12,00,000 shares |
| HNI | 6,00,000 shares | 0 shares |
| Retail | 6,00,000 shares | 12,00,000 shares |
| Others | ||
| Total | 15,00,000 shares | 30,00,000 shares |
