Indiabulls Consumer NCD July 2019 vs Indiabulls Consumer NCD May 2019

Comparision between Indiabulls Consumer NCD July 2019 and Indiabulls Consumer NCD May 2019.

NCD Details

Indiabulls Consumer NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Consumer NCD May 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

	Indiabulls Consumer Finance Ltd	Indiabulls Consumer Finance Limited
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	RHP
DRHP (Shelf)		DRHP (Shelf)
RHP (Shelf)
NCD Rating	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	The NCDs proposed to be issued under this 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 vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. 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 vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19 dated January 4, 2019 and instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Lead Managers	A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited	A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited
Debenture Trusties
NRI Allowed	Yes	No
Allotment Link	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. Indiabulls Consumer NCD July 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Consumer NCD May 2019 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.

	Indiabulls Consumer Finance Ltd	Indiabulls Consumer Finance Limited
Issue Size (Base)	₹100.00 Cr	₹1,000.00 Cr
Issue Size (Shelf)	₹900.00 Cr	₹3,000.00 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	CARE AA/Stable, BWR AA+/Stable	CARE AA/Stable, BWR AA+/Stable
Tenor	400 days/ 24 months/ 36 months/ 60 months	400 days/ 24 months /36 months/ 60 months
Series	Series I to Series IX	Series I to Series IX
Payment Frequency	Monthly, Annual and Cumulative	Monthly and Annual
Coupon Incentive

NCD Timetable

Offering period of Indiabulls Consumer NCD July 2019 and Indiabulls Consumer NCD May 2019 is mentioned.

	Indiabulls Consumer Finance Ltd	Indiabulls Consumer Finance Limited
Bid/Offer Opens On	Jul 31, 2019	May 30, 2019
Bid/Offer Closes On	Aug 30, 2019	Jun 21, 2019

Shares Offered to Different Investor Category

In Indiabulls Consumer NCD July 2019 QIBs portion includes and offered are offered to retail investors. In Indiabulls Consumer NCD May 2019 QIBs portion includes and offered are offered to retail investors.

	Indiabulls Consumer Finance Ltd	Indiabulls Consumer Finance Limited
Institutional
Non Institutional
HNI
Retail
Others
Total	10,00,000 shares	10,00,000 shares

Compare with others

Indiabulls Consumer Finance Ltd	Indiabulls Consumer Finance Limited
SREI Equipment NCD Aug 2019	India Infoline NCD Aug 2019
Muthoottu Mini NCD July 2019	JM Financial NCD Aug 2019
Tata Capital NCD Aug 2019	Indiabulls Consumer NCD July 2019
India Infoline NCD Aug 2019	Kosamattam Finance NCD july 2019
JM Financial NCD Aug 2019	Shriram Transport Finance NCD July 2019
Kosamattam Finance NCD july 2019	Muthoot Finance NCD (May 2019)
Shriram Transport Finance NCD July 2019	ECL Finance NCD April 2019
Indiabulls Consumer NCD May 2019	JM Finacial NCD April 2019
Muthoot Finance NCD (May 2019)	Sakthi Finance NCD April 2019
ECL Finance NCD April 2019	SREI Infrastructure NCD april 2019

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