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Edelweiss Financial NCD August 2021 vs Sakthi Finance NCD June 2021

Comparision between Edelweiss Financial NCD August 2021 and Sakthi Finance NCD June 2021.

NCD Details

Edelweiss Financial NCD August 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD June 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Edelweiss Financial Services Ltd Sakthi Finance Limited
Logo Edelweiss Financial NCD August 2021 Logo Sakthi Finance NCD June 2021 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base)
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated “Acuite AA (Outlook: Negative)” by Acuite Ratings and Research Limited and “[ICRA]A+ (Negative)” by ICRA Limited.

The rating committee of ICRA, after due consideration, has assigned the [ICRA] BBB rating to the Sakthi Finance NCD in June 2021. This represents that the NCD has a moderate degree of safety regarding timely servicing of financial obligations. The outlook on long-term rating is 'Stable'.

Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Equirus Capital Private Limited Dalmia Securities Private Limited
Debenture Trusties
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. Edelweiss Financial NCD August 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD June 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Ltd Sakthi Finance Limited
Issue Size (Base) ₹200.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹200.00 Cr ₹100.00 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 10 NCD 10 NCD
Credit Rating Acuite AA (Outlook: Negative), [ICRA] A+ (Negative) [ICRA] BBB (Stable)
Tenor 36, 60 and 120 Months 26, 39, 49 and 61 months
Series
Payment Frequency Monthly, Annual and Cumulative Monthly, Cumulative
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD August 2021 and Sakthi Finance NCD June 2021 is mentioned.

  Edelweiss Financial Services Ltd Sakthi Finance Limited
Bid/Offer Opens On Aug 17, 2021 Jun 29, 2021
Bid/Offer Closes On Sep 06, 2021 Jul 23, 2021

Shares Offered to Different Investor Category

In Edelweiss Financial NCD August 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In Sakthi Finance NCD June 2021 QIBs portion includes 50,000 shares and 5,00,000 shares offered are offered to retail investors.

  Edelweiss Financial Services Ltd Sakthi Finance Limited
Institutional 2,00,000 shares 50,000 shares
Non Institutional 2,00,000 shares 4,50,000 shares
HNI 8,00,000 shares
Retail 8,00,000 shares 5,00,000 shares
Others 0 shares
Total 20,00,000 shares 10,00,000 shares

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