10.30% InCred Financial Services NCD October 2023


Last updated on November 7, 2023

NCD Subscription Allotment Status
Incred Financial Services NCD January 2023

InCred Financial Services NCD October 2023 description – Incorporated in 1995, InCred Financial Services is a non-deposit-taking systemically important NBFC registered with the RBI. It caters to lower-middle-class to middle-class Indian households for their personal finance needs like education loans and personal loans. Correspondingly, it also offers secured and unsecured business loans to small businesses, secured loans to K12 Indian schools for their expansion plans, supply chain financing, lending to profitable financial Institutions and microfinance companies, and escrow-backed lending through its SME vertical.

The company was engaged in providing structured funding, promoter financing, and mezzanine financing. To consolidate the non-banking financing business related to retail and SME lending and ancillary financing activities undertaken by pre-demerger InCred, InCred Demerged Undertaking was merged with Pre-demerger KKR to achieve greater economies of scale, operational rationalization, and organizational efficiency, wider market reach and customer base, pooling of knowledge and expertise, and to reduce redundant cost.

The company’s total borrowings on a standalone basis, as of 6 October 2023 amounted to INR 4,480.98 crore. It relies on long-term, medium-term borrowings and short-term borrowings from various sources. The company takes term loans, issue non-convertible debentures, market-linked debentures, and commercial papers, and accepts inter-corporate deposits. It has a diversified lender base comprising of public sector banks, private banks, financial institutions, development financial institutions, small finance banks, and others.

As of 30 June 2023, and 31 March 2023, its AUM was INR 64,83.50 crore, and INR 6,062.44 crore, and catered to 4,18,704, and 3,76,879 customers, respectively. As of 30 June 2023, 1,281 permanent and 125 contract employees.

Promoters of InCred Financial Services – Incred Holdings Limited, Bhupinder Singh

InCred Financial Services NCD October 2023 Details

Subscription Dates25 Oct – 7 Nov 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base)INR 150 crores
Overall Issue Size (including oversubscription)INR 300 crores
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor18 Months
24 Months
36 Months
Credit RatingCRISIL A+/Stable
Category ReservationCategory 1 (QIB): 5%
Category 2 (NII): 10%
Category 3 (HNI): 40%
Category 4 (Retail): 45%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

InCred Financial Services NCD October 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 118 monthsMonthly9.48%9.88%INR 1,000
Series 224 monthsQuarterly9.55%9.88%INR 1,000
Series 324 monthsMonthly9.66%10.08%INR 1,000
Series 436 monthsAnnual10.30%10.28%INR 1,000
Series 536 monthsMonthly9.84%10.29%INR 1,000

InCred Financial Debentures Lead Manager

7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone: +91 22 6630 3030
Email: [email protected]
Website: jmfl.com

InCred Financial Debentures Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

InCred Financial NCD Documents

InCred Financial Contact Details

Unit No. 1203, 12th Floor,
B Wing, The Capital, Plot No. C-70,
G Block, Bandra Kurla Complex, Bandra (East),
Mumbai, Maharashtra – 400 051
Phone: +91 22 6844 6100
Email: [email protected]
Website: www.incred.com

InCred Financial NCD October 2023 Subscription Status (no. of times)

7 Nov 20230.003.531.172.201.81
6 Nov 20230.002.980.781.291.19
3 Nov 20230.002.520.771.251.13
2 Nov 20230.002.480.771.221.10
1 Nov 20230.002.480.771.181.09
31 Oct 20230.002.460.761.141.06
30 Oct 20230.002.450.691.020.98
27 Oct 20230.002.430.680.970.95
26 Oct 20230.001.860.530.690.68
25 Oct 20230.

InCred Financial NCD October 2023 Allotment Status

InCred Financial Services NCD October 2023 allotment status will be updated at the website of Link Intime India Private Limited website. Click on this link to get allotment status.

InCred Financial NCD October 2023 FAQs

What is the face value and lot size of InCred Financial Services NCD October 2023?

The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.

What is the frequency of interest payment in InCred Financial Services NCD October 2023?

The frequency of payment for InCred Financial NCD is Monthly, Quarterly, and annual.

What is the basis of allotment in InCred Financial Services NCD October 2023 offer?

InCred Financial Services NCDs will be allotted on a First Come First Serve Basis.


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