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Comparision between Indel Money NCD June 2023 and Navi Finserv NCD July 2023.
Indel Money NCD June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Navi Finserv NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Indel Money Limited | Navi Finserv Limited | |
|---|---|---|
| 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 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 the Issue have been rated as IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL Ratings Limited. The instrument with such a rating is expected to have an adequate degree of safety. |
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | Vivro Financial Services Private Limited | Jm Financial Limited |
| Debenture Trusties | Vistra Itcl India Limited | Catalyst Trusteeship Limited |
| 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 June 2023 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD July 2023 issue size is ₹250.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indel Money Limited | Navi Finserv Limited | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹250.00 Cr |
| Issue Size (Shelf) | ₹100.00 Cr | ₹500.00 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. | IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL |
| Tenor | 400 days, 24, 61, and 72 months. | 18, 27, and 36 months |
| Series | Series I to VII | Series I to V |
| Payment Frequency | Monthly and Cumulative | Monthly and Annually |
| Coupon Incentive |
Offering period of Indel Money NCD June 2023 and Navi Finserv NCD July 2023 is mentioned.
| Indel Money Limited | Navi Finserv Limited | |
|---|---|---|
| Bid/Offer Opens On | Jun 06, 2023 | Jul 10, 2023 |
| Bid/Offer Closes On | Jun 19, 2023 | Jul 13, 2023 |
In Indel Money NCD June 2023 QIBs portion includes 50,000 shares and 2,50,000 shares offered are offered to retail investors. In Navi Finserv NCD July 2023 QIBs portion includes 7,50,000 shares and 0 shares offered are offered to retail investors.
| Indel Money Limited | Navi Finserv Limited | |
|---|---|---|
| Institutional | 50,000 shares | 7,50,000 shares |
| Non Institutional | 2,00,000 shares | 0 shares |
| HNI | 0 shares | |
| Retail | 2,50,000 shares | 0 shares |
| Others | ||
| Total | 5,00,000 shares | 25,00,000 shares |
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