Comparison between Incred Financial Services NCD Tranche I Jan 2023 and Indore Municipal NCD February 2023.
Incred Financial Services NCD Tranche I Jan 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Indore Municipal NCD February 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at NSE.
| Incred Financial Services Ltd. | Indore Municipal Corporation | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  | DRHP |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. | 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 | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | JM Financial Ltd. | SBI Capital Markets Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Vistra ITCL India Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Incred Financial Services NCD Tranche I Jan 2023 issue size is ₹175.00 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.
| Incred Financial Services Ltd. | Indore Municipal Corporation | |
|---|---|---|
| Issue Size (Base) | ₹175.00 Cr | ₹122.00 Cr |
| Issue Size (Shelf) | ₹350.00 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 A+/Stable by CRISIL Ratings Limited | IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited. |
| Tenor | 27 and 39 months | 3, 5, 7, and 9 years |
| Series | Series I to IV | Series I |
| Payment Frequency | Annual and Quarterly | Half yearly |
Offering period of Incred Financial Services NCD Tranche I Jan 2023 and Indore Municipal NCD February 2023 is mentioned.
| Incred Financial Services Ltd. | Indore Municipal Corporation | |
|---|---|---|
| Bid/Offer Opens On | Jan 09, 2023 | Feb 10, 2023 |
| Bid/Offer Closes On | Jan 27, 2023 | Feb 14, 2023 |
In Incred Financial Services NCD Tranche I Jan 2023 QIBs portion includes 3,50,000 shares and 5,25,000 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.
| Incred Financial Services Ltd. | Indore Municipal Corporation | |
|---|---|---|
| Institutional | 3,50,000 shares | 3,05,000 shares |
| Non Institutional | 3,50,000 shares | 3,05,000 shares |
| HNI | 5,25,000 shares | 3,05,000 shares |
| Retail | 5,25,000 shares | 3,05,000 shares |
| Others | ||
| Total | 17,50,000 shares | 12,20,000 shares |
