Comparison between Indel Money NCD January 2024 and Navi Finserv NCD February 2024.
Indel Money NCD January 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Navi Finserv NCD February 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Indel Money Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE, NSE |
| 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 BBB+/Stable by CRISIL Ratings Limited. With this rating, they are considered to have a moderate degree of safety and moderate credit risk. | The NCDs proposed to be issued pursuant to this Issue have been rated CRISIL A/Stable by CRISIL. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | JM Financial Ltd. |
| Debenture Trustees | Catalyst 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. Indel Money NCD January 2024 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD February 2024 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indel Money Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ||
| 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 BBB+/Stable by by CRISIL Ratings Limited | CRISIL A/Stable by CRISIL. |
| Tenor | 366 days, 24, 36, 60 and 72 months | 18, 27 and 36 months |
| Series | Series I to VIII | Series I to V |
| Payment Frequency | Monthly and Cumulative | Monthly and Annually |
Offering period of Indel Money NCD January 2024 and Navi Finserv NCD February 2024 is mentioned.
| Indel Money Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 30, 2024 | Feb 26, 2024 |
| Bid/Offer Closes On | Feb 12, 2024 | Mar 07, 2024 |
In Indel Money NCD January 2024 QIBs portion includes 1,00,000 shares and 5,00,000 shares offered are offered to retail investors. In Navi Finserv NCD February 2024 QIBs portion includes 6,00,000 shares and 9,00,000 shares offered are offered to retail investors.
| Indel Money Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 6,00,000 shares |
| Non Institutional | 4,00,000 shares | 7,50,000 shares |
| HNI | 7,50,000 shares | |
| Retail | 5,00,000 shares | 9,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 30,00,000 shares |
