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Incred Financial Services NCD Tranche I Jan 2023 Detail
Issue Open Jan 9, 2023
Issue Close Jan 27, 2023
Issue Size (Base) ₹175.00 Crores
Issue Size (Shelf) ₹350.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE, NSE

Incred Financial Services NCD Tranche I Jan 2023 Date & Price

The Incred Financial Services NCD Tranche I Jan 2023 issue opens on Jan 9, 2023, and closes on Jan 27, 2023, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

Incred Financial Services Limited NCD IPO dates are as below:

Incred Financial Services NCD Tranche I Jan 2023 Issue Timetable

Bid/Offer Opens OnJan 9, 2023
Bid/Offer Closes OnJan 27, 2023
Record Date
Deemed Date of Allotment

Incred Financial Services NCD Tranche I Jan 2023 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Incred Financial Services NCD Tranche I Jan 2023 is Annual and Quarterly.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Incred Financial Services NCD Tranche I Jan 2023 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Jan 27, 2023. The bid may close earlier in case it is fully subscribed.

Incred Financial Services Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4
Frequency of Interest PaymentQuarterlyAnnualQuarterlyAnnual
NatureSecuredSecuredSecuredSecured
Tenor27 months27 months39 months39 months
Coupon Rate (Retail)9.45%9.80%9.65%10.00%
Effective Yield (% per Annum)9.78%9.82%10.00%10.02%
Amount on MaturityRs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 27 and 39 months.

Incred Financial Services NCD Tranche I Jan 2023 Issue Size and Subscription Status

The Incred Financial Services NCD Tranche I Jan 2023 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹175.00 Crores
  • NCD Shelf Issue Size: ₹350.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in Incred Financial Services NCD Tranche I Jan 2023 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check Incred Financial Services Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Incred Financial Services NCD Tranche I Jan 2023 Allotment and Listing

The NCD's are proposed to be listed on BSE, NSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

The Incred Financial Services Limited Allotment Status is not available online at this time.

The Incred Financial Services Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Incred Financial Services NCD Tranche I Jan 2023 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Incred Financial Services Limited NCD - Should I apply?

The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Incred Financial Services NCD Tranche I Jan 2023 which could help you with questions like Incred Financial Services NCD Tranche I Jan 2023 buy or not? You should also read Incred Financial Services NCD Tranche I Jan 2023 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Incred Financial Services Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.

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