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Indel Money NCD June 2023 vs Indiabulls Housing Finance Tranche I NCD July 2023

Comparision between Indel Money NCD June 2023 and Indiabulls Housing Finance Tranche I NCD July 2023.

NCD Details

Indel Money NCD June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Indiabulls Housing Finance Tranche I NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  Indel Money Limited Indiabulls Housing Finance Limited
Logo Indel Money NCD June 2023 Logo Indiabulls Housing Finance Tranche I NCD July 2023 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
RHP (Base) RHP RHP
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The company has received a rating of BBB +/Stable (pronounced as CRISIL triple B plus rating with Stable outlook) 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 (Stable) by ICRA Limited with such ratings considered to have a stable outlook.

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

Elara Capital (India) Private Limited

Trust Investment Advisors Private Limited
Debenture Trusties Vistra Itcl India 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. Indel Money NCD June 2023 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing Finance Tranche I NCD July 2023 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indel Money Limited Indiabulls Housing Finance Limited
Issue Size (Base) ₹50.00 Cr ₹200.00 Cr
Issue Size (Shelf) ₹100.00 Cr ₹2,000.00 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 BBB +/Stable rating by Crisil Ratings Limited.

CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited.

Tenor 400 days, 24, 61, and 72 months. 24, 36, and 60 Months
Series Series I to VII

Series I to VIII

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

NCD Timetable

Offering period of Indel Money NCD June 2023 and Indiabulls Housing Finance Tranche I NCD July 2023 is mentioned.

  Indel Money Limited Indiabulls Housing Finance Limited
Bid/Offer Opens On Jun 06, 2023 Jul 10, 2023
Bid/Offer Closes On Jun 19, 2023 Jul 21, 2023

Shares Offered to Different Investor Category

In Indel Money NCD June 2023 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Indiabulls Housing Finance Tranche I NCD July 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.

  Indel Money Limited Indiabulls Housing Finance Limited
Institutional 50,000 shares 3,00,000 shares
Non Institutional 2,00,000 shares 1,00,000 shares
HNI 3,00,000 shares
Retail 2,50,000 shares 3,00,000 shares
Others
Total 5,00,000 shares 10,00,000 shares

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