Comparison between Aditya Birla Finance NCD September 2023 and Incred Financial Services October 2023 NCD.
Aditya Birla Finance NCD September 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Incred Financial Services October 2023 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Aditya Birla Finance Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured 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) | DRHP  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued pursuant to this Issue have been rated IND AAA Outlook Stable by India Ratings & Research Private Limited, and rated [ICRA]AAA (Stable) by ICRA Limited. | The NCDs proposed to be issued have been rated 'CRISIL A+/Stable' by CRISIL Ratings Limited. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Nuvama Wealth Management Ltd. JM Financial Ltd. A.K.Capital Services Ltd. Trust Investment Advisors Pvt.Ltd. | InCred Capital Wealth Portfolio Managers Pvt.Ltd. JM Financial Ltd. |
| Debenture Trustees | Vistra ITCL India Ltd. | Catalyst Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Aditya Birla Finance NCD September 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Incred Financial Services October 2023 NCD issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| Aditya Birla Finance Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹300.00 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 | IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA | CRISIL A+/Stable by CRISIL Ratings Limited. |
| Tenor | 3, 5, 10 years | 18, 24 and 36 months |
| Series | Series I to VI | Series I to V |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Quarterly and Annually |
Offering period of Aditya Birla Finance NCD September 2023 and Incred Financial Services October 2023 NCD is mentioned.
| Aditya Birla Finance Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 27, 2023 | Oct 25, 2023 |
| Bid/Offer Closes On | Oct 12, 2023 | Nov 07, 2023 |
In Aditya Birla Finance NCD September 2023 QIBs portion includes 25,00,000 shares and 25,00,000 shares offered are offered to retail investors. In Incred Financial Services October 2023 NCD QIBs portion includes 75,000 shares and 6,75,000 shares offered are offered to retail investors.
| Aditya Birla Finance Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Institutional | 25,00,000 shares | 75,000 shares |
| Non Institutional | 25,00,000 shares | 1,50,000 shares |
| HNI | 25,00,000 shares | 6,00,000 shares |
| Retail | 25,00,000 shares | 6,75,000 shares |
| Others | ||
| Total | 1,00,00,000 shares | 15,00,000 shares |
