Last updated on November 7, 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 Dates | 25 Oct – 7 Nov 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 150 crores |
| Overall Issue Size (including oversubscription) | INR 300 crores |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 18 Months 24 Months 36 Months |
| Credit Rating | CRISIL A+/Stable |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 10% Category 3 (HNI): 40% Category 4 (Retail): 45% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE |
InCred Financial Services NCD October 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 18 months | Monthly | 9.48% | 9.88% | INR 1,000 |
| Series 2 | 24 months | Quarterly | 9.55% | 9.88% | INR 1,000 |
| Series 3 | 24 months | Monthly | 9.66% | 10.08% | INR 1,000 |
| Series 4 | 36 months | Annual | 10.30% | 10.28% | INR 1,000 |
| Series 5 | 36 months | Monthly | 9.84% | 10.29% | INR 1,000 |
InCred Financial Debentures Lead Manager
JM FINANCIAL LIMITED
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
LINK INTIME INDIA PRIVATE LIMITED
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 Services NCD Prospectus
- InCred Financial Services NCD Draft Prospectus
- Upcoming NCDs
InCred Financial Contact Details
INCRED FINANCIAL SERVICES LIMITED
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)
| Date | QIB | NII | HNI | Retail | Total |
|---|---|---|---|---|---|
| 7 Nov 2023 | 0.00 | 3.53 | 1.17 | 2.20 | 1.81 |
| 6 Nov 2023 | 0.00 | 2.98 | 0.78 | 1.29 | 1.19 |
| 3 Nov 2023 | 0.00 | 2.52 | 0.77 | 1.25 | 1.13 |
| 2 Nov 2023 | 0.00 | 2.48 | 0.77 | 1.22 | 1.10 |
| 1 Nov 2023 | 0.00 | 2.48 | 0.77 | 1.18 | 1.09 |
| 31 Oct 2023 | 0.00 | 2.46 | 0.76 | 1.14 | 1.06 |
| 30 Oct 2023 | 0.00 | 2.45 | 0.69 | 1.02 | 0.98 |
| 27 Oct 2023 | 0.00 | 2.43 | 0.68 | 0.97 | 0.95 |
| 26 Oct 2023 | 0.00 | 1.86 | 0.53 | 0.69 | 0.68 |
| 25 Oct 2023 | 0.00 | 0.00 | 0.04 | 0.78 | 0.37 |
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.
