Comparison between IIFL Home Finance NCD and Indiabulls Housing NCD September 2021.
IIFL Home Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Housing NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Home Finance Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured 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) | DRHP  | |
| RHP (Base) | RHP | |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | ||
| NCD Rating | 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. | The issue have been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Negative” (“BWR double A plus with negative outlook) by Brickwork Ratings India Private Limited. |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Equirus Capital Ltd. | Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Home Finance NCD issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing NCD September 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Home Finance Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹800.00 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, BWR AA+/ Negative | “CRISIL AA/Stable” by CRISIL Ratings and “BWR AA+ /Negative” by Brickwork Ratings |
| Tenor | 24, 36, 60 and 87 Months | |
| Series | ||
| Payment Frequency |
Offering period of IIFL Home Finance NCD and Indiabulls Housing NCD September 2021 is mentioned.
| IIFL Home Finance Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jul 06, 2021 | Sep 06, 2021 |
| Bid/Offer Closes On | Jul 28, 2021 | Sep 20, 2021 |
In IIFL Home Finance NCD QIBs portion includes and offered are offered to retail investors. In Indiabulls Housing NCD September 2021 QIBs portion includes 6,00,000 shares and 6,00,000 shares offered are offered to retail investors.
| IIFL Home Finance Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Institutional | 6,00,000 shares | |
| Non Institutional | 2,00,000 shares | |
| HNI | 6,00,000 shares | |
| Retail | 6,00,000 shares | |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
