Comparison between InCred Financial Services NCD January 2022 and Indiabulls Housing NCD Dec 2021.
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 Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| 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 | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Sundae Capital Advisors Pvt.Ltd. Incred Capital Financial Services Pvt.Ltd. | Trust Investment Advisors Pvt.Ltd. IIFL Capital Services Ltd. Edelweiss Financial Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
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 Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| 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 |
Offering period of InCred Financial Services NCD January 2022 and Indiabulls Housing NCD Dec 2021 is mentioned.
| InCred Financial Services Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 24, 2022 | Dec 09, 2021 |
| Bid/Offer Closes On | Feb 14, 2022 | Dec 31, 2021 |
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 Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| 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 |
