Comparison between Edelweiss Financial Services NCD January 2024 and Indel Money NCD January 2024.
Edelweiss Financial Services NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Indel Money NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Edelweiss Financial Services Ltd. | Indel Money 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 under this Issue have been rated CRISIL A+/Stable by CRISIL Ratings Limited and ICRA A+ (Stable) by ICRA Limited with such ratings considered to have a stable outlook. | The NCDs proposed to be issued under this Issue have been rated CRISIL BBB+/Stable by CRISIL Ratings Limited. With this rating, they are considered to have a moderate degree of safety and moderate credit risk. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. | Vivro Financial Services Pvt.Ltd. |
| Debenture Trustees | Beacon Trusteeship 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. Edelweiss Financial Services NCD January 2024 issue size is ₹125.00 Cr at an issue price of ₹1,000.00 per NCD. Indel Money NCD January 2024 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Edelweiss Financial Services Ltd. | Indel Money Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹125.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹250.00 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 by CRISIL Ratings Limited and “[ICRA] A+ ” by ICRA Limited | CRISIL BBB+/Stable by by CRISIL Ratings Limited |
| Tenor | 24, 36, 60 and 120 Months | 366 days, 24, 36, 60 and 72 months |
| Series | Series I to X | Series I to VIII |
| Payment Frequency | Monthly and Annually | Monthly and Cumulative |
Offering period of Edelweiss Financial Services NCD January 2024 and Indel Money NCD January 2024 is mentioned.
| Edelweiss Financial Services Ltd. | Indel Money Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 09, 2024 | Jan 30, 2024 |
| Bid/Offer Closes On | Jan 22, 2024 | Feb 12, 2024 |
In Edelweiss Financial Services NCD January 2024 QIBs portion includes 1,25,000 shares and 5,00,000 shares offered are offered to retail investors. In Indel Money NCD January 2024 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors.
| Edelweiss Financial Services Ltd. | Indel Money Ltd. | |
|---|---|---|
| Institutional | 1,25,000 shares | 1,00,000 shares |
| Non Institutional | 1,25,000 shares | 4,00,000 shares |
| HNI | 5,00,000 shares | |
| Retail | 5,00,000 shares | 5,00,000 shares |
| Others | ||
| Total | 12,50,000 shares | 10,00,000 shares |
