Comparison between IIFL Finance NCD Tranche II June 2023 and Indel Money NCD June 2023.
IIFL Finance NCD Tranche II June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indel Money NCD June 2023 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) | 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 a rating of BBB +/Stable (pronounced as CRISIL triple B plus rating with Stable outlook) 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 | Equirus Capital Ltd. IIFL Capital Services Ltd. Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.Ltd. | Vistra ITCL India 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 Tranche II June 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Indel Money NCD June 2023 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Indel Money Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹50.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹100.00 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. | BBB +/Stable rating by Crisil Ratings Limited. |
| Tenor | 24, 36 and 60 Months | 400 days, 24, 61, and 72 months. |
| Series | Series I to VII | Series I to VII |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Cumulative |
Offering period of IIFL Finance NCD Tranche II June 2023 and Indel Money NCD June 2023 is mentioned.
| IIFL Finance Ltd. | Indel Money Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jun 09, 2023 | Jun 06, 2023 |
| Bid/Offer Closes On | Jun 22, 2023 | Jun 19, 2023 |
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. In Indel Money NCD June 2023 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Indel Money Ltd. | |
|---|---|---|
| Institutional | 3,00,000 shares | 50,000 shares |
| Non Institutional | 12,00,000 shares | 2,00,000 shares |
| HNI | 0 shares | |
| Retail | 12,00,000 shares | 2,50,000 shares |
| Others | ||
| Total | 30,00,000 shares | 5,00,000 shares |
