InCred Financial Services NCD 2023 Details

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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 
Muthoot Fincorp NCD January 2023 Details 

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

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

Incred Financial Services NCD Tranche I Jan 2023 Lead Manager(s)

  1. JM Financial Limited


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