Comparison between Arka Fincap NCD Tranche I Nov 2023 and Indiabulls Housing Fin. Tranche III NCD Oct 2023.
Arka Fincap NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Indiabulls Housing Fin. Tranche III NCD Oct 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Arka Fincap Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| 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) | DRHP (Shelf) | DRHP (Shelf) |
| RHP (Shelf) | RHP (Shelf) | RHP (Shelf) |
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook. | The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook. |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Nuvama Wealth Management Ltd. JM Financial Ltd. | Trust Investment Advisors Pvt.Ltd. Elara Capital (India) Pvt.Ltd. Nuvama Wealth Management Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | IDBI Trusteeship Services Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Arka Fincap NCD Tranche I Nov 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing Fin. Tranche III NCD Oct 2023 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| Arka Fincap Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹500.00 Cr | ₹2,000.00 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 | “ CRISIL AA-/ Positive” by CRISIL Ratings Limited | “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited |
| Tenor | 24, 36 and 60 Months | 24, 36, 60, 84 and 120 Months |
| Series | Series I to VI | Series I to XII |
| Payment Frequency | Quarterly and Annually | Monthly, Annual and Cumulative |
Offering period of Arka Fincap NCD Tranche I Nov 2023 and Indiabulls Housing Fin. Tranche III NCD Oct 2023 is mentioned.
| Arka Fincap Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 07, 2023 | Oct 20, 2023 |
| Bid/Offer Closes On | Dec 20, 2023 | Nov 03, 2023 |
In Arka Fincap NCD Tranche I Nov 2023 QIBs portion includes 3,75,000 shares and 3,75,000 shares offered are offered to retail investors. In Indiabulls Housing Fin. Tranche III NCD Oct 2023 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors.
| Arka Fincap Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Institutional | 3,75,000 shares | 3,00,000 shares |
| Non Institutional | 3,75,000 shares | 1,00,000 shares |
| HNI | 3,75,000 shares | 3,00,000 shares |
| Retail | 3,75,000 shares | 3,00,000 shares |
| Others | ||
| Total | 15,00,000 shares | 10,00,000 shares |
