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Edelweiss Financial Services NCD January 2023 vs Indore Municipal NCD February 2023

Comparision between Edelweiss Financial Services NCD January 2023 and Indore Municipal NCD February 2023.

NCD Details

Edelweiss Financial Services NCD January 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Indore Municipal NCD February 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at NSE.

  Edelweiss Financial Services Limited Indore Municipal Corporation
Logo Edelweiss Financial Services NCD January 2023 Logo Indore Municipal NCD February 2023 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at 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) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated “CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)” for an amount of ₹ 10,000 million by CRISIL Ratings Limited and “ACUITE AA-/ Negative (pronounced as ACUITE double A minus)” for an amount of ₹ 10,000 million by Acuité Ratings & Research Limited.

The company has received rating of IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited for the bonds proposed to be issued pursuant to this Issue.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Equirus Capital Private Limited A.K. Capital Services Limited

SBI Capital Markets Limited
Debenture Trusties Beacon Trusteeship Limited Vistra Itcl India Limited
NRI Allowed No No
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. Edelweiss Financial Services NCD January 2023 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. Indore Municipal NCD February 2023 issue size is ₹122.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Limited Indore Municipal Corporation
Issue Size (Base) ₹200.00 Cr ₹122.00 Cr
Issue Size (Shelf) ₹1,000.00 Cr ₹244.00 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-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited.
Tenor 24, 36, 60 and 120 Months 3, 5, 7, and 9 years
Series

Series I to X

Series I

Payment Frequency Annual, Cumulative and Monthly Half yearly
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial Services NCD January 2023 and Indore Municipal NCD February 2023 is mentioned.

  Edelweiss Financial Services Limited Indore Municipal Corporation
Bid/Offer Opens On Jan 03, 2023 Feb 10, 2023
Bid/Offer Closes On Jan 23, 2023 Feb 14, 2023

Shares Offered to Different Investor Category

In Edelweiss Financial Services NCD January 2023 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In Indore Municipal NCD February 2023 QIBs portion includes 3,05,000 shares and 3,05,000 shares offered are offered to retail investors.

  Edelweiss Financial Services Limited Indore Municipal Corporation
Institutional 2,00,000 shares 3,05,000 shares
Non Institutional 2,00,000 shares 3,05,000 shares
HNI 8,00,000 shares 3,05,000 shares
Retail 8,00,000 shares 3,05,000 shares
Others
Total 20,00,000 shares 12,20,000 shares

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