Comparison between IIFL Finance NCD September 2021 and Indiabulls Housing NCD September 2021.
IIFL Finance NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indiabulls Housing NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Finance 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, 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) | ||
| NCD Rating | The NCDs have been rated CRISIL AA/Stable by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. | The issue have been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Negative” (“BWR double A plus with negative outlook) by Brickwork Ratings India Private Limited. |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | IIFL Capital Services Ltd. Equirus Capital Ltd. Edelweiss Financial Services Ltd. | Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Finance NCD September 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Indiabulls Housing NCD September 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹900.00 Cr | ₹800.00 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/Stable & BWR AA+/ Negative | “CRISIL AA/Stable” by CRISIL Ratings and “BWR AA+ /Negative” by Brickwork Ratings |
| Tenor | 24, 36 and 60 Months | 24, 36, 60 and 87 Months |
| Series | ||
| Payment Frequency | Annual, Cumulative |
Offering period of IIFL Finance NCD September 2021 and Indiabulls Housing NCD September 2021 is mentioned.
| IIFL Finance Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 27, 2021 | Sep 06, 2021 |
| Bid/Offer Closes On | Oct 08, 2021 | Sep 20, 2021 |
In IIFL Finance NCD September 2021 QIBs portion includes 1,00,000 shares and 4,00,000 shares offered are offered to retail investors. In Indiabulls Housing NCD September 2021 QIBs portion includes 6,00,000 shares and 6,00,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 6,00,000 shares |
| Non Institutional | 1,00,000 shares | 2,00,000 shares |
| HNI | 4,00,000 shares | 6,00,000 shares |
| Retail | 4,00,000 shares | 6,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
