Indiabulls Housing Fin. Tranche III NCD Oct 2023 vs Piramal Enterprises NCD Tranche I October 2023

Comparision between Indiabulls Housing Fin. Tranche III NCD Oct 2023 and Piramal Enterprises NCD Tranche I October 2023.

NCD Details

Indiabulls Housing Fin. Tranche III NCD Oct 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.

	Indiabulls Housing Finance Limited	Piramal Enterprises Limited
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/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA 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	Kfin Technologies Limited	Link Intime India Private Ltd
Lead Managers	Nuvama Wealth Management Limited Elara Capital (India) Private Limited Trust Investment Advisors Private Limited	A.K. Capital Services Limited Jm Financial Limited Nuvama Wealth Management Limited Trust Investment Advisors Private Limited
Debenture Trusties	Idbi Trusteeship Services Ltd.	Idbi Trusteeship Services Ltd.
NRI Allowed	No	No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indiabulls Housing Fin. Tranche III NCD Oct 2023 issue size is ₹200.00 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.

	Indiabulls Housing Finance Limited	Piramal Enterprises Limited
Issue Size (Base)	₹200.00 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/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited	[ICRA]AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited
Tenor	24, 36, 60, 84 and 120 Months	2 , 3, 5 and 10 years
Series	Series I to XII	Series I to IV
Payment Frequency	Monthly, Annual and Cumulative	Anually
Coupon Incentive

NCD Timetable

Offering period of Indiabulls Housing Fin. Tranche III NCD Oct 2023 and Piramal Enterprises NCD Tranche I October 2023 is mentioned.

	Indiabulls Housing Finance Limited	Piramal Enterprises Limited
Bid/Offer Opens On	Oct 20, 2023	Oct 19, 2023
Bid/Offer Closes On	Nov 03, 2023	Oct 30, 2023

Shares Offered to Different Investor Category

In Indiabulls Housing Fin. Tranche III NCD Oct 2023 QIBs portion includes 3,00,000 shares and 3,00,000 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.

	Indiabulls Housing Finance Limited	Piramal Enterprises Limited
Institutional	3,00,000 shares	4,00,000 shares
Non Institutional	1,00,000 shares	4,00,000 shares
HNI	3,00,000 shares	6,00,000 shares
Retail	3,00,000 shares	6,00,000 shares
Others
Total	10,00,000 shares	20,00,000 shares

Compare with others

Indiabulls Housing Finance Limited	Piramal Enterprises Limited
Arka Fincap NCD Tranche I Nov 2023	IIFL Samasta Finance NCD Tranche I Nov 2023
IIFL Samasta Finance NCD Tranche I Nov 2023	Cholamandalam Investment NCD Tranche III Nov. 2023
Cholamandalam Investment NCD Tranche III Nov. 2023	ICL Fincorp NCD Nov 2023
ICL Fincorp NCD Nov 2023	Muthoot Mercantile NCD Nov 2023
Muthoot Mercantile NCD Nov 2023	Indiabulls Housing Fin. Tranche III NCD Oct 2023
Piramal Enterprises NCD Tranche I October 2023	Incred Financial Services October 2023 NCD
Incred Financial Services October 2023 NCD	Chemmanur Credits and Investments NCD October 2023
Chemmanur Credits and Investments NCD October 2023	Muthoot Fincorp NCD October Tranche II 2023
Muthoot Fincorp NCD October Tranche II 2023	Edelweiss Financial Services NCD October 2023
Edelweiss Financial Services NCD October 2023	Aditya Birla Finance NCD September 2023

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