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Indiabulls Consumer NCD July 2019 vs SREI Equipment NCD Aug 2019

Comparision between Indiabulls Consumer NCD July 2019 and SREI Equipment NCD Aug 2019.

NCD Details

Indiabulls Consumer NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while SREI Equipment NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Indiabulls Consumer Finance Ltd Srei Equipment Finance Ltd
Logo Indiabulls Consumer NCD July 2019 Logo SREI Equipment NCD Aug 2019 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
DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Tranche III 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. 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

The NCDs proposed to be issued under this Issue have been rated "BWR AA" (BWR Double A) (Outlook: Negative) by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letter dated July 05, 2019 and
further revalidated by letters dated July 19, 2019 and August 06, 2019 and Acuite AA- (Acuite double A minus) by "Acuite Rating Limited" ("ACUITE") pursuant to letter dated July 30, 2019. Instruments with a rating of "BWR AA" (BWR Double A) (Outlook: Negative) by BRICKWORK and Acuite AA- (Acuite double A minus) by Acuite are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited

Axis Bank Limited

Edelweiss Financial Services Ltd

Trust Investment Advisors Private Limited
Karvy Investor Services Limited

Smc Capitals Limited
Debenture Trusties
NRI Allowed Yes No
Allotment Link 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. Indiabulls Consumer NCD July 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. SREI Equipment NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Indiabulls Consumer Finance Ltd Srei Equipment Finance Ltd
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹900.00 Cr ₹400.00 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 BWR AA/Negative, Acuite AA-/Stable
Tenor 400 days/ 24 months/ 36 months/ 60 months 1 year/ 2 year/ 3 year/ 5 year
Series

Series I to Series IX

Series I to Series X

Payment Frequency Monthly, Annual and Cumulative Monthly/ Quarterly/ Annual/ Cumulative
Coupon Incentive

NCD Timetable

Offering period of Indiabulls Consumer NCD July 2019 and SREI Equipment NCD Aug 2019 is mentioned.

  Indiabulls Consumer Finance Ltd Srei Equipment Finance Ltd
Bid/Offer Opens On Jul 31, 2019 Aug 19, 2019
Bid/Offer Closes On Aug 30, 2019 Sep 11, 2019

Shares Offered to Different Investor Category

In Indiabulls Consumer NCD July 2019 QIBs portion includes and offered are offered to retail investors. In SREI Equipment NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

  Indiabulls Consumer Finance Ltd Srei Equipment Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

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