TopShareBrokers.com Logo
FREE Account Opening + Lifetime Free Demat AMC*
Loading...

InCred Financial Services NCD January 2022

NCD Status: Closed [24th Jan 2022 to 14th Feb 2022]

Rated 3.5 stars Rated 3.5/5 by Team TopShareBrokers
InCred Financial Services NCD Detail

InCred Financial Services NCD of Rs. 150 Cr issue size opens for subscription from 24 Jan to 14 Feb 2022. The company issues series I to III secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 12 months and 24 months with a coupon rate ranging 8%-9% per annum. Check more about InCred Financial Services NCD January 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

InCred Financial Services NCD Details

NCD Opening Date: 24th Jan 2022
NCD Closing Date: 14th Feb 2022
NCD Type: Secured NCD
Issue Size (Base): Rs. 125 Cr
Issue Size (Shelf): Rs. 25 Cr
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10,000
Listing at: BSE, NSE
Tenor: 12 months and 1 day/24 months
Rating: CRISIL A
Series: Series I to Series III
Payment Frequency: Annual and Cumulative
Basis of Allotment: First Come First Serve Basis
Interest on return:
  • Ranked #1 Broker in India(5*)
  • Get 100% Free Delivery Trading
  • Risk Free Account Opening
  • NCD Important Dates

    Action Dates
    NCD Activity Date
    NCD Issue Open 24th Jan 2022
    NCD Issue Close 14th Feb 2022
    Allotment Date* 18th Feb 2022
    NSE Code: INCRED

    * - Tentative Dates

    Offer Details

    Category Name NCD's Allocated
    Institutional 5%
    Non-Institutional 20%
    HNI 5%
    Retail 70%

    About Company - InCred Financial Services

    InCred Financial Services is RBI registered non-deposit taking NBFC. The company is engaged in the business of offering personal loan, MSME loans, education loans, and providing related services. As on March 31, 2021, it has a total portfolio of loans worth Rs. 2,633.66 Cr (50% secured loans) that cater to a 340,264 customer base.

    Competitive strengths

    • Range of loans i.e. consumer loans, education loans, and MSME loans.
    • Prudent credit collection system
    • Strong loan portfolio with a significant percentage of secured loans
    • Experienced leadership team.
    • Diversified credit profile and prudent risk management system.

    InCred Financial Services Financials

    Muthoot Fincorp Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020 31-Mar-2019
    Total Assets ₹2,804.53 ₹2,232.10 ₹1,918.45
    Total Income ₹392.48 ₹332.67 ₹326.97
    Net Profit/Loss ₹2.17 ₹5.16 ₹27.72

    InCred Financial Services NCD Objective

    The company aims to raise funds from the issue of secured NCD for the following objectives;

    1. Lending and financing business in ordinary course of business including repayment and refinance of company's existing debts, and
    2. Meet general corporate purposes.

    Coupon Rates for Each NCD Series

    Options Series 1 Series II Series III
    Frequency of Interest Payment Cumulative Annually Annually
    Tenor 12 months and 1 day 24 Months 24 Months
    Coupon Rate % Per Annum for NCD in Category I, II, III & IVĀ  NA 9.25% per annum compounded monthly payable annually 9.13% per annum compounded monthly payable annually
    Effective Yield (per annum) for NCD in Category I, II, III & IV 9.25% 9.65% 9.52%
    Amount on Maturity for NCD Holders in Category I, II, III & IV ₹1,092.75 ₹1000 ₹1000
    Maturity / Redemption Date (Months from the Deemed Date of Allotment) 12 months and 1 day 24 months 50% of the face value of NCD will be redeemed on the date occurring on expiry of 12 months from the Deemed Date of Allotment and remaining 50% will be redeemed on the date occurring on expiry of 24 months from the Deemed Date of Allotment
    Put and Call Option NA NA NA

    InCred Financial Services NCD Promoters

    Mr. Bhupinder Singh and Bee Finance Limited, Mauritius are the company promoters.

    InCred Financial Services NCD Rating Details

    The issue has received "CRISIL A" rating to the debt instrument of the company with stance under "Rating watch with positive implication. An instrument with such rating is assumed to have an adequate level of safety regarding timely financial obligations payment.

    InCred Financial Services NCD Not Eligible to Invest

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

    Request call back from Zerodha

    InCred Financial Services NCD Imporatant Links

    • InCred Financial Services NCD DRHP >>Document
    • InCred Financial Services NCD RHP >>Document
    • InCred Financial Services NCD DRHP Shelf >>InCred Financial Services NCD Draft Prospectus Shelf is not yet available.
    • InCred Financial Services NCD RHP Shelf >>InCred Financial Services NCD Red Herring Prospectus Shelf is not yet available.
    • InCred Financial Services NCD Allotment Status >>InCred Financial Services NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

    Company Address

    InCred Financial Services Limited
    Unit No. 1203, 12th Floor, B Wing, Plot No. C - 70, G Block, Bandra Kurla Complex,
    Mumbai,Maharashtra-400 051
    India
    Website: https://www.incred.com/
    Phone: +91 22 6844 6100
    Email: [email protected]

    InCred Financial Services NCD Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: http://www.linkintime.co.in
    Phone: +91-22-4918 6270
    Email: [email protected]

    InCred Financial Services NCD Lead Manager

    1. Incred Capital Financial Services Pvt Ltd
    2. Sundae Capital Advisors
    InCred Financial Services NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for InCred Financial Services? Should I apply in InCred Financial Services NCD?

    Last Updated on 2022-11-15T15:26:57+00:00


    User Reviews

    No feedback found for this broker. Be the first to post the review.