Comparison between IIFL Samasta Finance NCD Tranche I Nov 2023 and Piramal Enterprises NCD Tranche I October 2023.
IIFL Samasta Finance NCD Tranche I Nov 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Piramal Enterprises NCD Tranche I October 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Samasta Finance Ltd. | Piramal Enterprises 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) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | DRHP (Shelf) |
| RHP (Shelf) | RHP (Shelf) | RHP (Shelf) |
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CRISIL AA-/Positive by CRISIL Ratings Limited, with such ratings considered to have a stable outlook. | The company has received a rating of [ICRA]AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited for the NCDs proposed to be issued pursuant to this Issue. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Nuvama Wealth Management Ltd. IIFL Capital Services Ltd. JM Financial Ltd. | Trust Investment Advisors Pvt.Ltd. Nuvama Wealth Management Ltd. JM Financial Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | Beacon Trusteeship Ltd. | IDBI Trusteeship Services 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 I Nov 2023 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Piramal Enterprises NCD Tranche I October 2023 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Samasta Finance Ltd. | Piramal Enterprises Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹1,000.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹3,000.00 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-/ Positive by CRISIL Ratings Limited | [ICRA]AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited |
| Tenor | 24, 36 and 60 Months | 2 , 3, 5 and 10 years |
| Series | Series I to VI | Series I to IV |
| Payment Frequency | Monthly and Annually | Anually |
Offering period of IIFL Samasta Finance NCD Tranche I Nov 2023 and Piramal Enterprises NCD Tranche I October 2023 is mentioned.
| IIFL Samasta Finance Ltd. | Piramal Enterprises Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Dec 04, 2023 | Oct 19, 2023 |
| Bid/Offer Closes On | Dec 15, 2023 | Oct 30, 2023 |
In IIFL Samasta Finance NCD Tranche I Nov 2023 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In Piramal Enterprises NCD Tranche I October 2023 QIBs portion includes 4,00,000 shares and 6,00,000 shares offered are offered to retail investors.
| IIFL Samasta Finance Ltd. | Piramal Enterprises Ltd. | |
|---|---|---|
| Institutional | 2,00,000 shares | 4,00,000 shares |
| Non Institutional | 2,00,000 shares | 4,00,000 shares |
| HNI | 8,00,000 shares | 6,00,000 shares |
| Retail | 8,00,000 shares | 6,00,000 shares |
| Others | ||
| Total | 20,00,000 shares | 20,00,000 shares |
