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Edelweiss Financial NCD August 2021 vs IIFL Home Finance NCD

Comparision between Edelweiss Financial NCD August 2021 and IIFL Home Finance NCD.

NCD Details

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

  Edelweiss Financial Services Ltd IIFL Home Finance Ltd
Logo Edelweiss Financial NCD August 2021 Logo IIFL Home Finance NCD Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Unsecured Subordinated Non-Convertible Debentures (Unsecured 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)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated “Acuite AA (Outlook: Negative)” by Acuite Ratings and Research Limited and “[ICRA]A+ (Negative)” by ICRA Limited.

The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Stable” and “BWR AA+/ Negative” by Brickwork Ratings India Private Limited. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Equirus Capital Private Limited Equirus Capital Private Limited

Trust Investment Advisors 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 August 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Home Finance NCD issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Ltd IIFL Home Finance Ltd
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), [ICRA] A+ (Negative) CRISIL AA/Stable, BWR AA+/ Negative
Tenor 36, 60 and 120 Months
Series
Payment Frequency Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

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

  Edelweiss Financial Services Ltd IIFL Home Finance Ltd
Bid/Offer Opens On Aug 17, 2021 Jul 06, 2021
Bid/Offer Closes On Sep 06, 2021 Jul 28, 2021

Shares Offered to Different Investor Category

In Edelweiss Financial NCD August 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In IIFL Home Finance NCD QIBs portion includes and offered are offered to retail investors.

  Edelweiss Financial Services Ltd IIFL Home Finance Ltd
Institutional 2,00,000 shares
Non Institutional 2,00,000 shares
HNI 8,00,000 shares
Retail 8,00,000 shares
Others
Total 20,00,000 shares 10,00,000 shares

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