Comparison between Incred Financial Services October 2023 NCD and Piramal Enterprises NCD Tranche I October 2023.
Incred Financial Services October 2023 NCD is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Piramal Enterprises NCD Tranche I October 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| Incred Financial Services Ltd. | Piramal Enterprises Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | 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 NCDs proposed to be issued have been rated 'CRISIL A+/Stable' by CRISIL Ratings Limited. | 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 | InCred Capital Wealth Portfolio Managers Pvt.Ltd. JM Financial Ltd. | Trust Investment Advisors Pvt.Ltd. Nuvama Wealth Management Ltd. JM Financial Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | Catalyst 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. Incred Financial Services October 2023 NCD issue size is ₹150.00 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.
| Incred Financial Services Ltd. | Piramal Enterprises Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹150.00 Cr | ₹1,000.00 Cr |
| Issue Size (Shelf) | ₹300.00 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 A+/Stable by CRISIL Ratings Limited. | [ICRA]AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited |
| Tenor | 18, 24 and 36 months | 2 , 3, 5 and 10 years |
| Series | Series I to V | Series I to IV |
| Payment Frequency | Monthly, Quarterly and Annually | Anually |
Offering period of Incred Financial Services October 2023 NCD and Piramal Enterprises NCD Tranche I October 2023 is mentioned.
| Incred Financial Services Ltd. | Piramal Enterprises Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Oct 25, 2023 | Oct 19, 2023 |
| Bid/Offer Closes On | Nov 07, 2023 | Oct 30, 2023 |
In Incred Financial Services October 2023 NCD QIBs portion includes 75,000 shares and 6,75,000 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.
| Incred Financial Services Ltd. | Piramal Enterprises Ltd. | |
|---|---|---|
| Institutional | 75,000 shares | 4,00,000 shares |
| Non Institutional | 1,50,000 shares | 4,00,000 shares |
| HNI | 6,00,000 shares | 6,00,000 shares |
| Retail | 6,75,000 shares | 6,00,000 shares |
| Others | ||
| Total | 15,00,000 shares | 20,00,000 shares |
