Edelweiss Financial NCD August 2021 vs India Grid Trust NCD April 2021

Comparision between Edelweiss Financial NCD August 2021 and India Grid Trust NCD April 2021.

NCD Details

Edelweiss Financial NCD August 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while India Grid Trust NCD April 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

	Edelweiss Financial Services Ltd	India Grid Trust
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)
RHP (Base)	RHP	RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating	The NCDs proposed to be issued under the Issue have been rated “Acuite AA (Outlook: Negative)” by Acuite Ratings and Research Limited and “[ICRA]A+ (Negative)” by ICRA Limited.
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Lead Managers	Equirus Capital Private Limited	Jm Financial Limited
Debenture Trusties
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. Edelweiss Financial NCD August 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. India Grid Trust NCD April 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	Edelweiss Financial Services Ltd	India Grid Trust
Issue Size (Base)	₹200.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹200.00 Cr	₹900.00 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	1 NCD
Market Lot	10 NCD	1 NCD
Credit Rating	Acuite AA (Outlook: Negative), [ICRA] A+ (Negative)	This Issue have been rated ‘CRISIL AAA/Stable’ by CRISIL Ratings Limited and ‘IND AAA/Stable’ by India Ratings and Research Private Limited.
Tenor	36, 60 and 120 Months	3, 5, 7 & 10 year
Series
Payment Frequency	Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD August 2021 and India Grid Trust NCD April 2021 is mentioned.

	Edelweiss Financial Services Ltd	India Grid Trust
Bid/Offer Opens On	Aug 17, 2021	Apr 28, 2021
Bid/Offer Closes On	Sep 06, 2021	Apr 30, 2021

Shares Offered to Different Investor Category

In Edelweiss Financial NCD August 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In India Grid Trust NCD April 2021 QIBs portion includes and offered are offered to retail investors.

	Edelweiss Financial Services Ltd	India Grid Trust
Institutional	2,00,000 shares
Non Institutional	2,00,000 shares
HNI	8,00,000 shares
Retail	8,00,000 shares
Others
Total	20,00,000 shares	10,00,000 shares

Compare with others

Edelweiss Financial Services Ltd	India Grid Trust
Indel Money NCD Sep 2021	Edelweiss Financial NCD August 2021
JM Financial NCD Sep 2021	Piramal Capital NCD July 2021
Indiabulls Housing NCD September 2021	IIFL Home Finance NCD
Kosamattam Finance NCD August 2021	KLM Axiva Finvest NCD
Muthoottu Mini NCD August 2021	Sakthi Finance NCD June 2021
Piramal Capital NCD July 2021	Muthoot Fincorp Limited NCD April 2020
IIFL Home Finance NCD	Muthoot Finance Limited Tranche III NCD
KLM Axiva Finvest NCD	Edelweiss Financial NCD April 2021
Sakthi Finance NCD June 2021	Kosamattam Finance NCD March 2021
India Grid Trust NCD April 2021	Muthoottu Mini NCD March 2021

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