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Comparision between IIFL Home Finance NCD and Sakthi Finance NCD June 2021.
IIFL Home Finance NCD is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD June 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Home Finance Ltd | Sakthi Finance Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured 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) | ||
| RHP (Base) | RHP  |
RHP |
| 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 rating committee of ICRA, after due consideration, has assigned the [ICRA] BBB rating to the Sakthi Finance NCD in June 2021. This represents that the NCD has a moderate degree of safety regarding timely servicing of financial obligations. The outlook on long-term rating is 'Stable'. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | Equirus Capital Private Limited Trust Investment Advisors Private Limited |
Dalmia Securities Private Limited |
| 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 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD June 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Home Finance Ltd | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹900.00 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 | 10 NCD | 10 NCD |
| Credit Rating | CRISIL AA/Stable, BWR AA+/ Negative | [ICRA] BBB (Stable) |
| Tenor | 26, 39, 49 and 61 months | |
| Series | ||
| Payment Frequency | Monthly, Cumulative | |
| Coupon Incentive |
Offering period of IIFL Home Finance NCD and Sakthi Finance NCD June 2021 is mentioned.
| IIFL Home Finance Ltd | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Jul 06, 2021 | Jun 29, 2021 |
| Bid/Offer Closes On | Jul 28, 2021 | Jul 23, 2021 |
In IIFL Home Finance NCD QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD June 2021 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.
| IIFL Home Finance Ltd | Sakthi Finance Limited | |
|---|---|---|
| Institutional | 50,000 shares | |
| Non Institutional | 4,50,000 shares | |
| HNI | ||
| Retail | 5,00,000 shares | |
| Others | 0 shares | |
| Total | 10,00,000 shares | 10,00,000 shares |
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