Last updated on February 28, 2022
InCred NCD January 2022 description – The company is a non-deposit taking systemically important NBFC registered with the RBI. It is engaged primarily in the business of providing personal loans, education loans, SME loans, and in providing ancillary services related to the said business activities.
As on March 31, 2021 Its loan portfolio was INR2,633.66 crore and catering to 3,40,264 number of customers. Of the said loan portfolio, approx. 50% is in form of secured lending. Its loan book has grown from INR1,745.08 crore as at March 31, 2019 to INR2,076.90 crore as at March 31, 2020 and further to INR2,633.66 crore as at March 31, 2021. It has 676 permanent employees and 41 employees on contract basis as on September 30, 2021.
Promoter of InCred Financial Services – Mr. Bhupinder Singh, Bee Finance Limited, Mauritius
InCred NCD January 2022 details
| Subscription Dates | 24 January – 14 February 2022 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR125 crore |
| Overall Issue Size (including oversubscription) | INR150 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 12 Months and 1 day 24 Months |
| Credit Rating | CRISIL A |
| Category Reservation | Category 1 (QIB): 5% Category 2 (NII): 25% Category 3 (Retail): 70% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
InCred NCD January 2022 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 12 months and 1 day | Cumulative | NA | 9.25% | INR1,092.75 |
| Series 2 | 24 months | Annually | 9.25% | 9.65% | INR1,000 |
| Series 3 | 24 months | Annually | 9.13% | 9.52% | INR1,000 |
InCred Non Convertible Debentures Registrar
Link Intime India Private Limited
C 101, 247 Park B S Marg
Vikhroli West,
Mumbai – 400 083
Phone:Â +91 22 4918 6200
Fax:Â +91 22 4918 6060
Email:Â [email protected]
Website: www.linkintime.co.in
InCred NCD Documents
InCred Contact Details
InCred Financial Services Limited
Unit No. 1203, 12th Floor, B Wing,
The Capital, Plot No. C – 70, G Block
Bandra Kurla Complex
Mumbai – 400 051
Phone:Â +91 22 6844 6100
Email: [email protected]
Website:Â www.incred.com
InCred NCD January 2022 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (HNI) | Category 4 (Retail) | Total | |
| 14 Feb 2022 | 4.36 | 1.19 | 0.95 | 0.78 | 1.05 |
| 11 Feb 2022 | 4.36 | 0.98 | 0.75 | 1.22 | 1.09 |
| 10 Feb 2022 | 3.20 | 0.16 | 0.75 | 1.21 | 1.08 |
| 9 Feb 2022 | 3.20 | 0.16 | 0.11 | 0.58 | 0.60 |
| 8 Feb 2022 | 3.20 | 0.12 | 0.07 | 0.55 | 0.58 |
| 7 Feb 2022 | 3.20 | 0.12 | 0.07 | 0.54 | 0.56 |
| 4 Feb 2022 | 0.80 | 0.00 | 0.07 | 0.51 | 0.40 |
| 3 Feb 2022 | 0.80 | 0.00 | 0.07 | 0.50 | 0.39 |
| 2 Feb 2022 | 0.00 | 0.00 | 0.05 | 0.47 | 0.33 |
| 1 Feb 2022 | 0.80 | 0.00 | 0.05 | 0.46 | 0.36 |
| 31 Jan 2022 | 0.80 | 0.00 | 0.02 | 0.42 | 0.34 |
| 28 Jan 2022 | 0.80 | 0.00 | 0.02 | 0.40 | 0.32 |
| 27 Jan 2022 | 0.80 | 0.00 | 0.00 | 0.37 | 0.30 |
| 25 Jan 2022 | 0.80 | 0.00 | 0.00 | 0.34 | 0.27 |
| 24 Jan 2022 | 0.80 | 0.00 | 0.00 | 0.19 | 0.17 |
InCred NCD January 2022 Allotment Status
InCred NCD Jan 2022 allotment status will be updated at the website of Link Intime India Private Limited‘s link to get allotment status.
InCred NCD January 2022 FAQs
What are InCred NCD January 2022 offer dates?
InCred NCD Jan 2022 offer opens on 24 January 2022 and closes on 14 February 2022. It should be noted that the NCD offer may be closed early in case of full subscription before the closing date.
What is basis of allotment in InCred NCD Jan 2022 offer?
InCred NCDs will be allotted on a First Come First Serve Basis.
What is the face value and lot size of InCred NCD Jan 2022?
The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in InCred NCD Jan 2022?
The frequency of payment for InCred NCD Jan 2022 is Cumulative and Annually.
