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Indiabulls Consumer NCD May 2019 vs Sakthi Finance NCD April 2019

Comparision between Indiabulls Consumer NCD May 2019 and Sakthi Finance NCD April 2019.

NCD Details

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

  Indiabulls Consumer Finance Limited Sakthi Finance Limited
Logo Indiabulls Consumer NCD May 2019 Logo Sakthi Finance NCD April 2019 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE, NSE BSE
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 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.

The NCDs proposed to be issued by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no. RTG/Chen/109/18-19 dated February 11, 2019, assigned and vide its letter no. Reval/Chen/145/18-19 dated March 25, 2019 revalidated, a rating of "[ICRA] BBB (Stable)" for an amount up to Rs 15,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit
risk.

Registrar Kfin Technologies Limited S.K.D.C Consultants Limited
Lead Managers A.K. Capital Services Limited

Axis Bank Limited

Edelweiss Financial Services Ltd

Trust Investment Advisors Private Limited
Dalmia Securities 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. Indiabulls Consumer NCD May 2019 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indiabulls Consumer Finance Limited Sakthi Finance Limited
Issue Size (Base) ₹1,000.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹3,000.00 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 CARE AA/Stable, BWR AA+/Stable ICRA BBB/Stable
Tenor 400 days/ 24 months /36 months/ 60 months 24 months/36 months/48 months/61 months
Series

Series I to Series IX

Series 1 to Series 11

Payment Frequency Monthly and Annual Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indiabulls Consumer NCD May 2019 and Sakthi Finance NCD April 2019 is mentioned.

  Indiabulls Consumer Finance Limited Sakthi Finance Limited
Bid/Offer Opens On May 30, 2019 Apr 10, 2019
Bid/Offer Closes On Jun 21, 2019 May 09, 2019

Shares Offered to Different Investor Category

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

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

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