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Comparision between IIFL Home Finance NCD December 2021 and InCred Financial Services NCD January 2022.
IIFL Home Finance NCD December 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while InCred Financial Services NCD January 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Home Finance Ltd | InCred Financial Services Limited | |
|---|---|---|
| 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) | ||
| RHP (Shelf) | RHP (Shelf) |
|
| NCD Rating | The Secured NCDs have been rated “CRISIL AA/Stable” (stable outlook) for an amount of ₹50,000 million by CRISIL Ratings Limited and “BWR AA+/ Negative (Assigned)” (Negative outlook”) for an amount of ₹ 50,000 million by Brickwork Ratings India Private Limited. |
CRISIL Ratings has assigned "CRISIL A" rating to the Debt instrument and placed the rating under "Rating Watch with Positive Implications". Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | Edelweiss Financial Services Ltd Equirus Capital Private Limited ICICI Securities Limited Iifl Securities Ltd Trust Investment Advisors Private Limited |
Incred Capital Financial Services Pvt Ltd Sundae Capital Advisors |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Home Finance NCD December 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. InCred Financial Services NCD January 2022 issue size is ₹125.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Home Finance Ltd | InCred Financial Services Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹125.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹25.00 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 | 1 NCD |
| Credit Rating | CRISIL AA/Stable and BWR AA+/ Negative | CRISIL A |
| Tenor | 36, 60, 84 Months | 12 months and 1 day/ 24 months |
| Series | Series 1 to 8 | Series I to Series III |
| Payment Frequency | Annual and Cumulative | |
| Coupon Incentive |
Offering period of IIFL Home Finance NCD December 2021 and InCred Financial Services NCD January 2022 is mentioned.
| IIFL Home Finance Ltd | InCred Financial Services Limited | |
|---|---|---|
| Bid/Offer Opens On | Dec 08, 2021 | Jan 24, 2022 |
| Bid/Offer Closes On | Dec 28, 2021 | Feb 14, 2022 |
In IIFL Home Finance NCD December 2021 QIBs portion includes 2,00,000 shares and 3,50,000 shares offered are offered to retail investors. In InCred Financial Services NCD January 2022 QIBs portion includes 62,500 shares and 8,75,000 shares offered are offered to retail investors.
| IIFL Home Finance Ltd | InCred Financial Services Limited | |
|---|---|---|
| Institutional | 2,00,000 shares | 62,500 shares |
| Non Institutional | 1,00,000 shares | 2,50,000 shares |
| HNI | 3,50,000 shares | 62,500 shares |
| Retail | 3,50,000 shares | 8,75,000 shares |
| Others | ||
| Total | 10,00,000 shares | 12,50,000 shares |
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