Comparison between IIFL Finance NCD April Tranche I 2025 and SMC Global Securities 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 SMC Global Securities NCD March 2025 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| IIFL Finance Ltd. | SMC Global Securities Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE, NSE | BSE, NSE |
| 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 under this Issue have been rated 'CRISILA/Stable' (pronounced as CRISIL A rating with Stable outlook) by CRISIL Ratings Limited for an amount of up to ₹17,500 Lakhs, and rated '[ICRA] (A Stable)' (pronounced as ICRA A rating with a stable outlook) by ICRA Limited for an amount of up to ₹40,000 Lakhs. |
| 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. | Corporate Professionals Capital Pvt.Ltd. |
| Debenture Trustees | Vardhman Trusteeship Pvt.Ltd. | IDBI Trusteeship Services 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. SMC Global Securities NCD March 2025 issue size is ₹75.00 Cr at a issue price of ₹1,000.00 per NCD.
| IIFL Finance Ltd. | SMC Global Securities Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹75.00 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. | CRISILA/Stable by CRISIL Ratings Limited and [ICRA] (A Stable) by ICRA Limited. |
| Tenor | 15, 24, 36 and 60 Months | 24, 36, and 60 Months |
| Series | Series I to IX | Series VII to XII |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
Offering period of IIFL Finance NCD April Tranche I 2025 and SMC Global Securities NCD March 2025 is mentioned.
| IIFL Finance Ltd. | SMC Global Securities Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 07, 2025 | Apr 02, 2025 |
| Bid/Offer Closes On | Apr 11, 2025 | Apr 17, 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 SMC Global Securities NCD March 2025 QIBs portion includes 75,000 shares and 3,00,000 shares offered are offered to retail investors.
| IIFL Finance Ltd. | SMC Global Securities Ltd. | |
|---|---|---|
| Institutional | 2,00,000 shares | 75,000 shares |
| Non Institutional | 2,00,000 shares | 1,50,000 shares |
| HNI | 3,00,000 shares | 2,25,000 shares |
| Retail | 3,00,000 shares | 3,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 7,50,000 shares |
