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InCred Financial Services NCD January 2022 vs Indiabulls Housing NCD Dec 2021

Comparision between InCred Financial Services NCD January 2022 and Indiabulls Housing NCD Dec 2021.

NCD Details

InCred Financial Services NCD January 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Housing NCD Dec 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  InCred Financial Services Limited Indiabulls Housing Finance Limited
Logo InCred Financial Services NCD January 2022 Logo Indiabulls Housing NCD Dec 2021 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

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.

The issue have been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Stable” (“BWR double A plus with stable outlook) by Brickwork Ratings India Private Limited.

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Incred Capital Financial Services Pvt Ltd

Sundae Capital Advisors
Edelweiss Financial Services Ltd

Iifl Securities Ltd

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. InCred Financial Services NCD January 2022 issue size is ₹125.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing NCD Dec 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  InCred Financial Services Limited Indiabulls Housing Finance Limited
Issue Size (Base) ₹125.00 Cr ₹200.00 Cr
Issue Size (Shelf) ₹25.00 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 1 NCD 1 NCD
Credit Rating CRISIL A CRISIL AA/Stable by Crisil and BWR AA+/Stable by Brickwork
Tenor 12 months and 1 day/ 24 months 24, 36, and 60Months
Series

Series I to Series III

Series 1 to 8
Payment Frequency Annual and Cumulative Monthly, Cumulative and Annually
Coupon Incentive

NCD Timetable

Offering period of InCred Financial Services NCD January 2022 and Indiabulls Housing NCD Dec 2021 is mentioned.

  InCred Financial Services Limited Indiabulls Housing Finance Limited
Bid/Offer Opens On Jan 24, 2022 Dec 09, 2021
Bid/Offer Closes On Feb 14, 2022 Dec 31, 2021

Shares Offered to Different Investor Category

In InCred Financial Services NCD January 2022 QIBs portion includes 62,500 shares and 8,75,000 shares offered are offered to retail investors. In Indiabulls Housing NCD Dec 2021 QIBs portion includes 6,00,000 shares and 6,00,000 shares offered are offered to retail investors.

  InCred Financial Services Limited Indiabulls Housing Finance Limited
Institutional 62,500 shares 6,00,000 shares
Non Institutional 2,50,000 shares 2,00,000 shares
HNI 62,500 shares 6,00,000 shares
Retail 8,75,000 shares 6,00,000 shares
Others
Total 12,50,000 shares 20,00,000 shares

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