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Indel Money NCD Sep 2021 vs Indiabulls Housing NCD September 2021

Comparision between Indel Money NCD Sep 2021 and Indiabulls Housing NCD September 2021.

NCD Details

Indel Money NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Indiabulls Housing NCD September 2021 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 Sep 2021 Logo Indiabulls Housing NCD September 2021 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) DRHP (Shelf)
RHP (Shelf)
NCD Rating

The issue has been rated “CRISIL BBB/Stable” by CRISIL Ratings Limited. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations.

The issue have been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Negative” (“BWR double A plus with negative outlook) by Brickwork Ratings India Private Limited.

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

Trust Investment Advisors Private Limited
Debenture Trusties
NRI Allowed No No
Allotment Link 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 Sep 2021 issue size is ₹75.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing NCD September 2021 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) ₹75.00 Cr ₹200.00 Cr
Issue Size (Shelf) ₹75.00 Cr ₹800.00 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 ‘"CRISIL BBB/Stable" by CRISIL Ratings “CRISIL AA/Stable” by CRISIL Ratings and “BWR AA+ /Negative” by Brickwork Ratings
Tenor 366 days, 18, 36, 54, 61 and 71 Months 24, 36, 60 and 87 Months
Series

Series I to Series XI

Payment Frequency Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indel Money NCD Sep 2021 and Indiabulls Housing NCD September 2021 is mentioned.

  Indel Money Limited Indiabulls Housing Finance Limited
Bid/Offer Opens On Sep 23, 2021 Sep 06, 2021
Bid/Offer Closes On Oct 18, 2021 Sep 20, 2021

Shares Offered to Different Investor Category

In Indel Money NCD Sep 2021 QIBs portion includes 75,000 shares and 3,75,000 shares offered are offered to retail investors. In Indiabulls Housing NCD September 2021 QIBs portion includes 6,00,000 shares and 6,00,000 shares offered are offered to retail investors.

  Indel Money Limited Indiabulls Housing Finance Limited
Institutional 75,000 shares 6,00,000 shares
Non Institutional 3,00,000 shares 2,00,000 shares
HNI 6,00,000 shares
Retail 3,75,000 shares 6,00,000 shares
Others
Total 7,50,000 shares 20,00,000 shares

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