Comparison between Incred Financial Services NCD Tranche I Jan 2023 and Kosamattam Finance NCD Dec 2022.
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 Kosamattam Finance NCD Dec 2022 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Incred Financial Services Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE |
| 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 NCDs proposed to be issued under this Issue have been rated 'IND A-/Stable', by India Ratings & Research Private Limited ("India Ratings"). |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | JM Financial Ltd. | SMC Capitals Ltd. |
| Debenture Trustees | Catalyst Trusteeship Ltd. | Vistra ITCL India Ltd. |
| NRI Allowed | No | No |
| Allotment Link | 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. Kosamattam Finance NCD Dec 2022 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| Incred Financial Services Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹175.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹350.00 Cr | ₹200.00 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 A-/Stable |
| Tenor | 27 and 39 months | 18, 24, 30, 36, 39, 48, 54 and 88 Months |
| Series | Series I to IV | Series I to VIII |
| Payment Frequency | Annual and Quarterly | Monthly and Cumulative |
Offering period of Incred Financial Services NCD Tranche I Jan 2023 and Kosamattam Finance NCD Dec 2022 is mentioned.
| Incred Financial Services Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jan 09, 2023 | Dec 14, 2022 |
| Bid/Offer Closes On | Jan 27, 2023 | Jan 13, 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 Kosamattam Finance NCD Dec 2022 QIBs portion includes 2,00,000 shares and 10,00,000 shares offered are offered to retail investors.
| Incred Financial Services Ltd. | Kosamattam Finance Ltd. | |
|---|---|---|
| Institutional | 3,50,000 shares | 2,00,000 shares |
| Non Institutional | 3,50,000 shares | 2,00,000 shares |
| HNI | 5,25,000 shares | 6,00,000 shares |
| Retail | 5,25,000 shares | 10,00,000 shares |
| Others | ||
| Total | 17,50,000 shares | 20,00,000 shares |
