Comparison between IIFL Finance NCD April Tranche I 2025 and Sakthi Finance NCD March 2025.
IIFL Finance NCD April Tranche I 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while Sakthi Finance NCD March 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL 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. Such ratings indicated that the instruments have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. | The NCDs proposed to be issued by the company are rated [ICRA] BBB (Stable) by ICRA Limited (ICRA). |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | IIFL Capital Services Ltd. Nuvama Wealth Management Ltd. Trust Investment Advisors Pvt.Ltd. | Bonanza Portfolio Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.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. IIFL Finance NCD April Tranche I 2025 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Sakthi Finance NCD March 2025 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹50.00 Cr |
| Issue Size (Shelf) | ₹2,500.00 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. | [ICRA] BBB (Stable) by ICRA Limited. |
| Tenor | 15, 24, 36 and 60 Months | 24, 36, 60 and 85 months |
| Series | Series I to IX | Series I to VII |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Cumulative |
Offering period of IIFL Finance NCD April Tranche I 2025 and Sakthi Finance NCD March 2025 is mentioned.
| IIFL Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 07, 2025 | Mar 17, 2025 |
| Bid/Offer Closes On | Apr 11, 2025 | Mar 28, 2025 |
In IIFL Finance NCD April Tranche I 2025 QIBs portion includes 2,00,000 shares and 3,00,000 shares offered are offered to retail investors. In Sakthi Finance NCD March 2025 QIBs portion includes 25,000 shares and 2,00,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | Sakthi Finance Ltd. | |
|---|---|---|
| Institutional | 2,00,000 shares | 25,000 shares |
| Non Institutional | 2,00,000 shares | 75,000 shares |
| HNI | 3,00,000 shares | 2,00,000 shares |
| Retail | 3,00,000 shares | 2,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 5,00,000 shares |
