InCred Financial Services Limited, a 1995 incorporation, operates in the financial services industry. The business is listed as a non-deposit-taking systemically important NBFC with SEBI (Non-Banking Financial Company). Lower middle class to middle class Indian households can use the company’s services to meet their personal finance needs for loans for education and other purposes. Additionally, secured and unsecured business loans are provided through InCred Financial Services. Small enterprises, secured loans to K–12 Indian schools for their expansion ambitions, supply chain financing, lending to successful financial institutions and microfinance companies, and escrow-backed lending through its SME vertical are just a few of their clients.
InCred Financial Services NCD January 2023 Details
| Subscription Dates | 9 – 27 January 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 175 crores |
| Overall Issue Size (including oversubscription) | INR 350 crores |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 27 Months 39 Months |
| Credit Rating | CRISIL A+/Stable |
| Category Reservation | Category 1 (QIB): 20% Category 2 (NII): 20% Category 3 (HNI): 30% Category 4 (Retail): 30% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
NCD Allocation Ratio
| Category | NCD’s Allocated |
| Institutional | 20% |
| Non-Institutional | 20% |
| HNI | 30% |
| Retail | 30% |
NCD’s Offered by Category
| Category | NCD’s Reserved |
| Institutional | 350,000 |
| Non-Institutional | 350,000 |
| HNI | 525,000 |
| Retail | 525,000 |
| Total NCD’s | 1,750,000 |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
| 31-Mar-20 | 2232.1 | 332.67 | 5.16 | 1040.5 |
| 31-Mar-21 | 2804.53 | 392.48 | 2.17 | 1054.01 |
| 31-Mar-22 | 4034.65 | 524.27 | 30.83 | 1115.19 |
| 30-Sep-22 | 6194.28 | 398.12 | 46.76 | 2391.19 |
| Amount in ₹ Crore |
Objects of the Issue
The company proposes to utilize the funds which are being raised through the Issue:
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company – 75% of the amount raised and allotted in the Issue.
- General Corporate Purposes – 25% of the amount raised and allotted in the Issue.
Incred Financial Services NCD Tranche I Jan 2023 Prospectus
Company Contact 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 Tranche I Jan 2023 Registrar
Link Intime India Private Ltd
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/
Incred Financial Services NCD Tranche I Jan 2023 Lead Manager(s)
- JM Financial Limited
