Comparison between IIFL Finance NCD Tranche II June 2023 and Power Finance Corporation NCD July 2023.
IIFL Finance NCD Tranche II June 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Power Finance Corporation NCD July 2023 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE |
| 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. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. | The NCDs proposed to be issued under the issue have been rated "CARE AAA, Stable" by CARE Ratings Limited, "CRISIL AAA/Stable" by CRISIL Limited, and "ICRA AAA, Stable" by ICRA Limited. |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Equirus Capital Ltd. IIFL Capital Services Ltd. Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. | Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. SMC Capitals Ltd. A.K.Capital Services Ltd. JM Financial Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.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 Finance NCD Tranche II June 2023 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Power Finance Corporation NCD July 2023 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹500.00 Cr |
| Issue Size (Shelf) | ₹5,000.00 Cr | ₹5,000.00 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 Limited and ICRA AA (stable) by ICRA Limited. | CARE AAA, Stable by CARE Ratings Limited, CRISIL AAA/Stable by CRISIL Limited and ICRA AAA, Stable by ICRA Limited |
| Tenor | 24, 36 and 60 Months | 3, 10, and 15 years |
| Series | Series I to VII | Series I to III |
| Payment Frequency | Monthly, Annual and Cumulative | Annually |
Offering period of IIFL Finance NCD Tranche II June 2023 and Power Finance Corporation NCD July 2023 is mentioned.
| IIFL Finance Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Jun 09, 2023 | Jul 21, 2023 |
| Bid/Offer Closes On | Jun 22, 2023 | Jul 26, 2023 |
In IIFL Finance NCD Tranche II June 2023 QIBs portion includes 3,00,000 shares and 12,00,000 shares offered are offered to retail investors. In Power Finance Corporation NCD July 2023 QIBs portion includes 5,00,000 shares and 20,00,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Power Finance Corp.Ltd. | |
|---|---|---|
| Institutional | 3,00,000 shares | 5,00,000 shares |
| Non Institutional | 12,00,000 shares | 5,00,000 shares |
| HNI | 0 shares | 20,00,000 shares |
| Retail | 12,00,000 shares | 20,00,000 shares |
| Others | ||
| Total | 30,00,000 shares | 50,00,000 shares |
