Comparison between Indel Money NCD Sep 2021 and Indiabulls Housing NCD September 2021.
Indel Money NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Indiabulls Housing NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Indel Money 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) | DRHP  | DRHP |
| RHP (Base) | RHP | |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | ||
| NCD Rating | The issue has been rated “CRISIL BBB/Stable” by CRISIL Ratings Limited. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. | 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 | Vivro Financial Services Pvt.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. Indel Money NCD Sep 2021 issue size is ₹75.00 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.
| Indel Money Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹75.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹75.00 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 BBB/Stable" by CRISIL Ratings | “CRISIL AA/Stable” by CRISIL Ratings and “BWR AA+ /Negative” by Brickwork Ratings |
| Tenor | 366 days, 18, 36, 54, 61 and 71 Months | 24, 36, 60 and 87 Months |
| Series | Series I to Series XI | |
| Payment Frequency | Monthly, Annual and Cumulative |
Offering period of Indel Money NCD Sep 2021 and Indiabulls Housing NCD September 2021 is mentioned.
| Indel Money Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 23, 2021 | Sep 06, 2021 |
| Bid/Offer Closes On | Oct 18, 2021 | Sep 20, 2021 |
In Indel Money NCD Sep 2021 QIBs portion includes 75,000 shares and 3,75,000 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.
| Indel Money Ltd. | Indiabulls Housing Finance Ltd. | |
|---|---|---|
| Institutional | 75,000 shares | 6,00,000 shares |
| Non Institutional | 3,00,000 shares | 2,00,000 shares |
| HNI | 6,00,000 shares | |
| Retail | 3,75,000 shares | 6,00,000 shares |
| Others | ||
| Total | 7,50,000 shares | 20,00,000 shares |
