Comparison between Indel Money NCD May 2022 and Navi Finserv NCD May 2022.
Indel Money NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Navi Finserv NCD May 2022 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 | |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The issue has been rated Acuite BBB+/Stable by Acuite Ratings & Research Limited. Instruments with this rating are considered to have a moderate degree of safety and moderate credit risk. | The NCDs proposed to be issued under the Issue have been rated as IND A/ Stable by India Ratings & Research Pvt Ltd. The instrument with such a rating is expected to have an adequate degree of safety. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | JM Financial Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| 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 May 2022 issue size is ₹50.00 Cr at an issue price of ₹1,000.00 per NCD. Navi Finserv NCD May 2022 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) | ₹50.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹50.00 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+/Stable by Acuite Ratings & Research Limited | IND A/ Stable by India Ratings & Research Pvt Ltd |
| Tenor | 366 days, 18, 24, 61 and 77 Months | 18 and 27 Months |
| Series | Series I to Series VIII | Series I to IV |
| Payment Frequency | Monthly and Cumulative | Monthly and Annually |
Offering period of Indel Money NCD May 2022 and Navi Finserv NCD May 2022 is mentioned.
| Indel Money Ltd. | Navi Finserv Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 27, 2022 | May 23, 2022 |
| Bid/Offer Closes On | Jun 22, 2022 | Jun 02, 2022 |
In Indel Money NCD May 2022 QIBs portion includes and offered are offered to retail investors. In Navi Finserv NCD May 2022 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 | 6,00,000 shares | |
| Non Institutional | 6,00,000 shares | |
| HNI | 9,00,000 shares | |
| Retail | 9,00,000 shares | |
| Others | ||
| Total | 5,00,000 shares | 30,00,000 shares |
