Comparison between ICL Fincorp NCD Nov 2023 and IIFL Samasta Finance NCD Tranche I Nov 2023.
ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while IIFL Samasta Finance NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| ICL Fincorp Ltd. | IIFL Samasta Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued have been rated 'ACUITE BBB-' by Acuité. | The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook. |
| Registrar | Cameo Corporate Services Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Saffron Capital Advisors Pvt.Ltd. | Trust Investment Advisors Pvt.Ltd. Nuvama Wealth Management Ltd. IIFL Capital Services Ltd. JM Financial Ltd. |
| Debenture Trustees | Mitcon Credentia Trusteeship Services Ltd. | Beacon Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. IIFL Samasta Finance NCD Tranche I Nov 2023 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.
| ICL Fincorp Ltd. | IIFL Samasta Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹1,000.00 Cr |
| Issue Size (Shelf) | ₹100.00 Cr | ₹2,000.00 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 | 1 NCD | 1 NCD |
| Credit Rating | ACUITE BBB- with stable outlook by Acuité | CRISIL AA-/ Positive by CRISIL Ratings Limited |
| Tenor | 13, 24, 36, 60 and 68 months | 24, 36 and 60 Months |
| Series | Series I to X | Series I to VI |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Annually |
Offering period of ICL Fincorp NCD Nov 2023 and IIFL Samasta Finance NCD Tranche I Nov 2023 is mentioned.
| ICL Fincorp Ltd. | IIFL Samasta Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Nov 28, 2023 | Dec 04, 2023 |
| Bid/Offer Closes On | Dec 11, 2023 | Dec 15, 2023 |
In ICL Fincorp NCD Nov 2023 QIBs portion includes 10,000 shares and 7,50,000 shares offered are offered to retail investors. In IIFL Samasta Finance NCD Tranche I Nov 2023 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors.
| ICL Fincorp Ltd. | IIFL Samasta Finance Ltd. | |
|---|---|---|
| Institutional | 10,000 shares | 2,00,000 shares |
| Non Institutional | 40,000 shares | 2,00,000 shares |
| HNI | 2,00,000 shares | 8,00,000 shares |
| Retail | 7,50,000 shares | 8,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
