Comparison between India Infoline NCD Aug 2019 and Indiabulls Consumer NCD July 2019.
India Infoline NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Consumer NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| India Infoline Finance Ltd. | Indiabulls Consumer Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | |
| RHP (Base) | RHP | |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated BWR AA+/Stable (pronounced as BWR Double A Plus with Stable outlook) for an amount of Rs.50,000 million by Brickworks Ratings India Private Limited vide their rating letter dated October 31, 2018, CRISIL AA/Stable (pronounced as CRISIL Double A rating with Stable outlook) for an amount of Rs.50,000 million by CRISIL Ratings Limited vide their rating letter dated November 1, 2018 and [ICRA] AA (Stable) (pronounced as ICRA Double A) for an amount of Rs.50,000 million by ICRA Limited vide their rating letter dated October 31, 2018. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. | The NCDs proposed to be issued under this Tranche III Issue have been rated CARE AA; Stable (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | IIFL Capital Services Ltd. ICICI Securities Ltd. Edelweiss Financial Services Ltd. | Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. Axis Bank Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | Yes | Yes |
| Allotment Link | Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. India Infoline NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Consumer NCD July 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| India Infoline Finance Ltd. | Indiabulls Consumer Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹900.00 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 | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | BWR AA+/Stable, CRISIL AA/Stable, ICRA AA/Stable | CARE AA/Stable, BWR AA+/Stable |
| Tenor | 15 months/ 39 months/ 69 months | 400 days/ 24 months/ 36 months/ 60 months |
| Series | Series I to Series VI | Series I to Series IX |
| Payment Frequency | Monthly, Quarterly and Annual | Monthly, Annual and Cumulative |
Offering period of India Infoline NCD Aug 2019 and Indiabulls Consumer NCD July 2019 is mentioned.
| India Infoline Finance Ltd. | Indiabulls Consumer Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Aug 06, 2019 | Jul 31, 2019 |
| Bid/Offer Closes On | Aug 30, 2019 | Aug 30, 2019 |
In India Infoline NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In Indiabulls Consumer NCD July 2019 QIBs portion includes and offered are offered to retail investors.
| India Infoline Finance Ltd. | Indiabulls Consumer Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
