Comparison between Indiabulls Consumer NCD May 2019 and Sakthi Finance NCD April 2019.
Indiabulls Consumer NCD May 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indiabulls Consumer Finance Ltd. | Sakthi Finance 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) | DRHP  | |
| RHP (Base) | RHP | RHP |
| DRHP (Shelf) | DRHP (Shelf) | |
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated CARE AA; Stable (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19 dated January 4, 2019 and instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. | The NCDs proposed to be issued by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no. RTG/Chen/109/18-19 dated February 11, 2019, assigned and vide its letter no. Reval/Chen/145/18-19 dated March 25, 2019 revalidated, a rating of "[ICRA] BBB (Stable)" for an amount up to Rs 15,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit |
| Registrar | Kfin Technologies Ltd. | S.K.D.C.Consultants Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Edelweiss Financial Services Ltd. Axis Bank Ltd. A.K.Capital Services Ltd. | Dalmia Securities Pvt.Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indiabulls Consumer NCD May 2019 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD April 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indiabulls Consumer Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹3,000.00 Cr | ₹50.00 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 | CARE AA/Stable, BWR AA+/Stable | ICRA BBB/Stable |
| Tenor | 400 days/ 24 months /36 months/ 60 months | 24 months/36 months/48 months/61 months |
| Series | Series I to Series IX | Series 1 to Series 11 |
| Payment Frequency | Monthly and Annual | Monthly, Annual and Cumulative |
Offering period of Indiabulls Consumer NCD May 2019 and Sakthi Finance NCD April 2019 is mentioned.
| Indiabulls Consumer Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 30, 2019 | Apr 10, 2019 |
| Bid/Offer Closes On | Jun 21, 2019 | May 09, 2019 |
In Indiabulls Consumer NCD May 2019 QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| Indiabulls Consumer Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
