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Comparision between Indiabulls NCD Feb 2019 and L&T Finance NCD March 2019.
Indiabulls NCD Feb 2019 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE, NSE while L&T Finance NCD March 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Indiabulls Consumer Finance Limited | L&T Finance Limited | |
|---|---|---|
| Logo |  |
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| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured 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) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated '[ICRA] AAA (stable) (pronounced as ICRA triple-A with Stable outlook)' for an amount of Rs 5,00,000 lakhs, by ICRA Limited ("ICRA"), CARE AAA / Stable (pronounced as CARE triple-A with Stable Outlook) for an amount of Rs 5,00,000 lakhs, by CARE Ratings Ltd. ("CARE") and IND AAA / Stable (pronounced as IND triple-A with Stable outlook) for an amount of Rs 5,00,000 lakhs, by India Ratings and Research Private Limited ("India Ratings"). The rating of NCDs by ICRA, CARE and India Ratings indicate that instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. |
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| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indiabulls NCD Feb 2019 issue size is ₹3,000.00 Cr at an issue price of ₹1,000.00 per NCD. L&T Finance NCD March 2019 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indiabulls Consumer Finance Limited | L&T Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹3,000.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹1,000.00 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 | ICRA AAA/Stable, CARE AAA/Stable, IND AAA/Stable | |
| Tenor | 37 months, 60 months and 120 months | |
| Series | Series 1 to Series 6 |
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| Payment Frequency | Monthly, Annual and Cumulative | |
| Coupon Incentive |
Offering period of Indiabulls NCD Feb 2019 and L&T Finance NCD March 2019 is mentioned.
| Indiabulls Consumer Finance Limited | L&T Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Feb 04, 2019 | Mar 06, 2019 |
| Bid/Offer Closes On | Mar 01, 2019 | Mar 07, 2019 |
In Indiabulls NCD Feb 2019 QIBs portion includes and offered are offered to retail investors. In L&T Finance NCD March 2019 QIBs portion includes and offered are offered to retail investors.
| Indiabulls Consumer Finance Limited | L&T Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total |
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