Comparison between ICL Fincorp NCD Nov 2023 and Incred Financial Services October 2023 NCD.
ICL Fincorp NCD Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Incred Financial Services October 2023 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| ICL Fincorp 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 | 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 have been rated 'ACUITE BBB-' by Acuité. | The NCDs proposed to be issued have been rated 'CRISIL A+/Stable' by CRISIL Ratings Limited. |
| Registrar | Cameo Corporate Services Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Saffron Capital Advisors Pvt.Ltd. | InCred Capital Wealth Portfolio Managers Pvt.Ltd. JM Financial Ltd. |
| Debenture Trustees | Mitcon Credentia Trusteeship Services 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. ICL Fincorp NCD Nov 2023 issue size is ₹100.00 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.
| ICL Fincorp Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹100.00 Cr | ₹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 | ACUITE BBB- with stable outlook by Acuité | CRISIL A+/Stable by CRISIL Ratings Limited. |
| Tenor | 13, 24, 36, 60 and 68 months | 18, 24 and 36 months |
| Series | Series I to X | Series I to V |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Quarterly and Annually |
Offering period of ICL Fincorp NCD Nov 2023 and Incred Financial Services October 2023 NCD is mentioned.
| ICL Fincorp Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Nov 28, 2023 | Oct 25, 2023 |
| Bid/Offer Closes On | Dec 11, 2023 | Nov 07, 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 Incred Financial Services October 2023 NCD QIBs portion includes 75,000 shares and 6,75,000 shares offered are offered to retail investors.
| ICL Fincorp Ltd. | Incred Financial Services Ltd. | |
|---|---|---|
| Institutional | 10,000 shares | 75,000 shares |
| Non Institutional | 40,000 shares | 1,50,000 shares |
| HNI | 2,00,000 shares | 6,00,000 shares |
| Retail | 7,50,000 shares | 6,75,000 shares |
| Others | ||
| Total | 10,00,000 shares | 15,00,000 shares |
