Comparison between Indel Money NCD May 2022 and Sakthi Finance NCD April 2022.
Indel Money NCD May 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indel Money Ltd. | Sakthi Finance 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  | |
| RHP (Base) | ||
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (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 NCD worth Rs. 100 Cr has been rated as BBB with a stable outlook by ICRA Credit Rating Agency. Instrument with such rating are expected to have a moderate degree of safety regarding timely servicing of debt financial obligations. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Dalmia Securities Pvt.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. Sakthi Finance NCD April 2022 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indel Money Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹50.00 Cr | ₹50.00 Cr |
| Issue Size (Shelf) | ₹50.00 Cr | ₹50.00 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 | ICRA BBB (Stable) |
| Tenor | 366 days, 18, 24, 61 and 77 Months | 24, 36, 48, and 60 months |
| Series | Series I to Series VIII | Series I to VIII |
| Payment Frequency | Monthly and Cumulative | Monthly and Cumulative |
Offering period of Indel Money NCD May 2022 and Sakthi Finance NCD April 2022 is mentioned.
| Indel Money Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 27, 2022 | Apr 11, 2022 |
| Bid/Offer Closes On | Jun 22, 2022 | May 04, 2022 |
In Indel Money NCD May 2022 QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD April 2022 QIBs portion includes 25,000 shares and 2,00,000 shares offered are offered to retail investors.
| Indel Money Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Institutional | 25,000 shares | |
| Non Institutional | 75,000 shares | |
| HNI | 2,00,000 shares | |
| Retail | 2,00,000 shares | |
| Others | ||
| Total | 5,00,000 shares | 5,00,000 shares |
