Mumbai: The New Year has brought five public issues of non-convertible debentures (NCDs) for the retail investors — by Indiabulls Commercial Credit, IIFL Finance, Edelweiss Finance, Muthoot Fincorp, and Incred Financial — which are open for subscription and close in the second half of January 2023.
The coupon rates for these NCDs are in the range of eight per cent to 10.45 per cent and the tenures are in the range of 2 years to 10 years.
Indiabulls Commercial Credit’s NCD public issue aims to raise ₹200 crore and closes on January 27. IIFL Finance’s NCD public issue aims to raise ₹1,000 crore and closes on January 18. Edelweiss Finance’s NCD public issue aims to raise ₹200 crore and closes on January 23. Muthoot Fincorp’s NCD public issue aims to raise ₹200 crore and closes on January 27.
Incred Financial Services erstwhile KKR India Financial Services’ NCD Public issue aims to raise `175 crore with an option to retain oversubscription up to `175 crore aggregating to a total of `350 crore. Incred Financial’s NCD public issue opens on January 9, 2023 and closes on January 27, 2023.
Above NCD public issues offer allotments on a first come first served basis to investors. These NCDs have a face value of Rs. 1,000 and minimum investment amount is Rs. 10,000.
