Comparison between IIFL Samasta Finance NCD Tranche II May 2024 and Motilal Oswal Financial Services NCD April 2024.
IIFL Samasta Finance NCD Tranche II May 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Motilal Oswal Financial Services NCD April 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Samasta Finance Ltd. | Motilal Oswal Financial Services Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured 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 | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The ratings of NCDs proposed to be issued under the terms of this Tranche II Prospectus have been revalidated to CRISIL AA-/Watch Developing (Continues on 'Rating Watch with Developing Implications') for an amount of ₹ 2,000 crore by CRISIL Ratings Limited vide their rating letter dated May 8, 2024 and 'ACUITE AA | Rating Watch Negative Implications' for an amount of ₹ 2,000 crore by Acuite Ratings & Research Limited vide their rating revalidation letter dated May 10, 2024. | The NCDs proposed to be issued have been rated "CRISIL AA/Stable" by CRISIL Ratings Limited |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | IIFL Capital Services Ltd. Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. | Nuvama Wealth Management Ltd. Motilal Oswal Investment Advisors Ltd. Trust Investment Advisors Pvt.Ltd. |
| Debenture Trustees | Beacon Trusteeship Ltd. | Beacon Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. IIFL Samasta Finance NCD Tranche II May 2024 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. Motilal Oswal Financial Services NCD April 2024 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Samasta Finance Ltd. | Motilal Oswal Financial Services Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹200.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 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 | CRISIL AA-/Watch Developing by CRISIL Ratings Limited and 'ACUITE AA | Rating Watch Negative Implications' by Acuite Ratings & Rese | CRISIL AA/Stable by CRISIL Ratings Limited |
| Tenor | 24, 36 and 60 Months | 24, 36, 60 and 120 months |
| Series | Series I to VI | Series I to VIII |
| Payment Frequency | Monthly and Annually | Monthly and Annually |
Offering period of IIFL Samasta Finance NCD Tranche II May 2024 and Motilal Oswal Financial Services NCD April 2024 is mentioned.
| IIFL Samasta Finance Ltd. | Motilal Oswal Financial Services Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jun 03, 2024 | Apr 23, 2024 |
| Bid/Offer Closes On | Jun 14, 2024 | May 03, 2024 |
In IIFL Samasta Finance NCD Tranche II May 2024 QIBs portion includes 2,00,000 shares and 6,00,000 shares offered are offered to retail investors. In Motilal Oswal Financial Services NCD April 2024 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors.
| IIFL Samasta Finance Ltd. | Motilal Oswal Financial Services Ltd. | |
|---|---|---|
| Institutional | 2,00,000 shares | 5,00,000 shares |
| Non Institutional | 6,00,000 shares | 0 shares |
| HNI | 6,00,000 shares | 20,00,000 shares |
| Retail | 6,00,000 shares | 20,00,000 shares |
| Others | ||
| Total | 20,00,000 shares | 50,00,000 shares |
