Subscription to Incred Financial Services Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) will start on January 9, 2023. The NCDs will be offered at a rate of 10.02% by Incred Financial Services. CRISIL Ratings Limited awarded Incred Financial Services NCD a CRISIL A+/Stable rating. The duration of the NCDs spans around 27 and 39 months. Details about Incred Financial Services NCD 2023 can be found here.
InCred Financial Services Limited is an RBI-registered non-deposit-taking NBFC. Personal loans, education loans, SME loans, and other services are available from the corporation. Their company is separated into four sections: (1) Personal Loans, (2) Education Loans, (3) SME Business Loans, and (4) Digital MSME Loans. To make financing quick and easy, the company is utilizing a cutting-edge financial services platform that utilizes technology and data science.
Incred Financial Services NCD January 2023 Issue Details
| NCD Issue Open | January 9, 2023 |
| NCD Issue Close | January 27, 2023 |
| NCD Issue Size | Base: 175 Cr. | Shelf: 350 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 10.02% ** (Annually) |
| Minimum Investment | 10 Bonds (₹1,000) |
| Listing on | BSE and NSE Platform |
| Credit Rating | CRISIL A+/Stable by CRISIL Ratings Limited |
| Tenor | 27 and 39 months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Incred Financial Services NCD January 2023 Promoters
- InCred Holdings Limited
- Bhupinder Singh
How to Apply Incred Financial Services NCD January 2023 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
Incred Financial Services NCD January 2023 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
|---|---|---|---|---|
| I | 27 Month | Quarter | 9.45% | 9.78% |
| II | 27 Month | Annual | 9.80% | 9.82% |
| III | 39 Month | Quarter | 9.65% | 10.00% |
| IV | 39 Month | Annual | 10.00% | 10.02% |
Incred Financial Services NCD January 2023 Lead Manager
- JM Financial Limited
Incred Financial Services NCD January 2023 Allotment Status
- Incred Financial Services NCD issue allotment available on Linkintime.
Incred Financial Services Registrar:
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: incred.ncd2@linkintime.co.in
Website: https://linkintime.co.in/
Company Information:
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 – 400 051
Phone: +91 22 6844 6100
Email: incred.compliance@incred.com
Website: http://www.incred.com/
Incred Financial Services NCD January 2023 FAQs:
Q1. When is Incred Financial Services NCD Open?
Ans. Incred Financial Services NCD is to open on January 9 and close on January 27, 2023.
Q2. What is Incred Financial Services NCD Price?
Ans. The company has fixed the price at ₹1000 per NCD.
Q3. What is Incred Financial Services NCD Issue Size?
Ans. The NCD issue size is ₹175 crores.
Q4. On Which platform the Incred Financial Services NCD will list?
Ans. Incred Financial Services NCD will list on BSE and NSE Platforms.
Q5. How to apply for Incred Financial Services NCD?
Ans. You can apply from your existing Demat account online and offline.
