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Incred Financial Services NCD Tranche I Jan 2023 vs Indiabulls Housing Finance Tranche IV NCD Nov 2022

Comparision between Incred Financial Services NCD Tranche I Jan 2023 and Indiabulls Housing Finance Tranche IV NCD Nov 2022.

NCD Details

Incred Financial Services NCD Tranche I Jan 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Housing Finance Tranche IV NCD Nov 2022 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 Tranche I Jan 2023 Logo Indiabulls Housing Finance Tranche IV NCD Nov 2022 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) DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable" by CRISIL Ratings Limited and ICRA AA by ICRA Limited with such ratings considered to have a stable outlook.

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Jm Financial Limited Edelweiss Financial Services Ltd

A.K. Capital Services Limited

Iifl Securities Ltd

Trust Investment Advisors Private Limited
Debenture Trusties Catalyst Trusteeship Limited Idbi Trusteeship Services Ltd.
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 Tranche I Jan 2023 issue size is ₹175.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing Finance Tranche IV NCD Nov 2022 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Incred Financial Services Limited Indiabulls Housing Finance Limited
Issue Size (Base) ₹175.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹350.00 Cr ₹1,400.00 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+/Stable by CRISIL Ratings Limited CRISIL AA/Stable and ICRA AA
Tenor 27 and 39 months 24, 36 and 60 months
Series

Series I to IV

Series I to VIII

Payment Frequency Annual and Quarterly Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Incred Financial Services NCD Tranche I Jan 2023 and Indiabulls Housing Finance Tranche IV NCD Nov 2022 is mentioned.

  Incred Financial Services Limited Indiabulls Housing Finance Limited
Bid/Offer Opens On Jan 09, 2023 Dec 01, 2022
Bid/Offer Closes On Jan 27, 2023 Dec 22, 2022

Shares Offered to Different Investor Category

In Incred Financial Services NCD Tranche I Jan 2023 QIBs portion includes 3,50,000 shares and 5,25,000 shares offered are offered to retail investors. In Indiabulls Housing Finance Tranche IV NCD Nov 2022 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.

  Incred Financial Services Limited Indiabulls Housing Finance Limited
Institutional 3,50,000 shares 3,00,000 shares
Non Institutional 3,50,000 shares 1,00,000 shares
HNI 5,25,000 shares 3,00,000 shares
Retail 5,25,000 shares 3,00,000 shares
Others
Total 17,50,000 shares 10,00,000 shares

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