Comparison between Indiabulls Housing Fin. Tranche VI NCD May 2024 and Sakthi Finance NCD June 2024.
Indiabulls Housing Fin. Tranche VI NCD May 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD June 2024 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indiabulls Housing 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) | 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. | The NCDs proposed to be issued by the company are rated [ICRA] BBB (Stable) by ICRA Limited (ICRA). |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. Elara Capital (India) Pvt.Ltd. Nuvama Wealth Management Ltd. | Bonanza Portfolio Ltd. |
| Debenture Trustees | IDBI Trusteeship Services Ltd. | Catalyst Trusteeship Ltd. |
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Indiabulls Housing Fin. Tranche VI NCD May 2024 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD June 2024 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| Indiabulls Housing Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹75.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 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] BBB (Stable) by ICRA Limited. |
| Tenor | 24, 36, 60, 84 and 120 Months | 24, 36, 60 and 85 months |
| Series | Series I to XII | Series I to VII |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Cumulative |
Offering period of Indiabulls Housing Fin. Tranche VI NCD May 2024 and Sakthi Finance NCD June 2024 is mentioned.
| Indiabulls Housing Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 13, 2024 | Jun 20, 2024 |
| Bid/Offer Closes On | May 27, 2024 | Jul 03, 2024 |
In Indiabulls Housing Fin. Tranche VI NCD May 2024 QIBs portion includes 3,00,000 shares and 3,00,000 shares offered are offered to retail investors. In Sakthi Finance NCD June 2024 QIBs portion includes 37,500 shares and 3,00,000 shares offered are offered to retail investors.
| Indiabulls Housing Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Institutional | 3,00,000 shares | 37,500 shares |
| Non Institutional | 1,00,000 shares | 1,12,500 shares |
| HNI | 3,00,000 shares | 3,00,000 shares |
| Retail | 3,00,000 shares | 3,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 7,50,000 shares |
