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Edelweiss Financial NCD April 2021 vs IIFL Finance NCD

Comparision between Edelweiss Financial NCD April 2021 and IIFL Finance NCD.

NCD Details

Edelweiss Financial NCD April 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) proposed to list at BSE.

  Edelweiss Financial Services Limited IIFL Finance Limited
Logo Edelweiss Financial NCD April 2021 Logo IIFL Finance NCD Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Listing at BSE BSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base)
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Equirus Capital Private Limited Edelweiss Financial Services Ltd

Equirus Capital Private Limited
Debenture Trusties
NRI Allowed No No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial NCD April 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Finance NCD issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Limited IIFL Finance Limited
Issue Size (Base) ₹200.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹200.00 Cr ₹900.00 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 10 NCD 10 NCD
Credit Rating ‘Acuite AA’: (Outlook: Negative) by Acuite Ratings & Research Limited and “BWR AA-/Stable (Assigned)" by Brickwork Ratings India Private Limited The NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited.
Tenor 87 Months
Series
Payment Frequency Monthly, Annual and Cumulative Monthly, Annually, At Maturity
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD April 2021 and IIFL Finance NCD is mentioned.

  Edelweiss Financial Services Limited IIFL Finance Limited
Bid/Offer Opens On Apr 01, 2021 Mar 03, 2021
Bid/Offer Closes On Apr 23, 2021 Mar 18, 2021

Shares Offered to Different Investor Category

In Edelweiss Financial NCD April 2021 QIBs portion includes and offered are offered to retail investors. In IIFL Finance NCD QIBs portion includes and offered are offered to retail investors.

  Edelweiss Financial Services Limited IIFL Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total 20,00,000 shares 10,00,000 shares

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