InCred Financial Services NCD Bonds 2022 are Open on 24 January 2022 and to close on 14 February 2022. The Company will offer 9.65% interest rates on the NCD Bonds. And NCD tenure will be applicable for 12 months and 1 day, 24 months. The company will raise a Base fund of ₹125 crores and Shelf Fund ₹25 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
InCred Financial Services is a non-deposit taking systemically important NBFC registered with the RBI. Our Company 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. InCred is credit for Incredible India. We use technology and data-science to make lending quick, simple and hassle-free.
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We believe traditional ways of lending can exclude those most in need because of outdated, rigid and often inefficient processes. At InCred, we have simplified the lending process with a sharp focus on serving our borrowers’ unique needs and circumstances – offering our customers a truly superior borrowing experience.
InCred Financial Services NCD Review :
■ Apply For Long Term
InCred Financial Services NCD Security Name :
■ InCred Financial Services Limited
InCred Financial Services NCD Security Type :
■ Secured Redeemable Non Convertible Debentures (NCD)
InCred Financial Services NCD Ratings
| Agency | Rating |
| CRISIL | “CRISIL A“ |
InCred Financial Services NCD Bonds Issue Details :
| Issue Open : | 24 January 2022 |
| Issue Close | 14 February 2022 |
| Issue Base Size | ₹125 Cr. |
| Issue Shelf Size | ₹25 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 9.65% Annual |
| Listing on | BSE & NSE Platform |
InCred Financial Services NCD Market Lot :
| Market Lot : | 1 NCD |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
InCred Financial Services Financial report (in Lakhs) :
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹39,247.65 | ₹38,545.61 | ₹217.04 |
| 2020 | ₹33,266.66 | ₹32,061.36 | ₹516.31 |
| 2019 | ₹32,697.36 | ₹31,872.15 | ₹2,772.06 |
InCred Financial Services NCD Bond Issue Tenure & Interest Rates :
| SR | 1 | 2 | 3 |
| Tenure | 366 Days | 24 Month | 24 Month |
| Nature | Secured | Secured | Secured |
| Interest | Cumulative | Annual | Annual |
| Coupon Rate | N/A | 9.25% | 9.13% |
| Effective Yield | 9.25% | 9.65% | 9.52% |
| Maturity | 1092.75 | 1000 | 1000 |
About InCred Financial Services Company
The InCred Financial Services Company is a non-deposit taking systemically important NBFC registered with the RBI. Our Company 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. The Company has received various awards and accolades including Super Start-up Asia Award – 2019, Certificate of Recognition to InCred Group as ET Best Brands for three years in 2018-19, 2020-21 and 2021-22 and IFTA Award for Best Fintech Business Lender – 2021.
We have a ‘hub-and-spoke’ model, with physical branches serving as our hub locations and technology-led spoke locations. For further details, see “– Properties” on page 125. With a lending AUM of ₹ 32,35,356 lakh as of March 31, 2022, our Company has shown consistent growth in asset book and profitability over the years.
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As on March 31, 2021 our loan portfolio was ₹ 2,633.66 cr and catering to 3,40,264 number of customers. Of the said loan portfolio, approx. 50% is in form of secured lending. Our loan book has grown from ₹ 1,745.08 cr as at March 31, 2019 to ₹ 2,076.90 cr as at March 31, 2020 and further to ₹ 2,633.66 cr as at March 31, 2021, Across our offered products, our loan portfolio is broken down as follows for each product:
Company Promoters :
■ Mr. Bhupinder Singh
Quick Link :
InCred Financial Services IPO Lead Managers :
■ Sundae Capital Advisors Private Limited
■ InCred Capital Wealth Portfolio Managers Private Limited
InCred Financial Services NCD IPO Registrar :
Link Intime India Private Limited
C 101, 247 Park B S Marg
Vikhroli West, Mumbai – 400 083
Telephone: +91 22 4918 6200
Fax: +91 22 4918 6060
Email Id: [email protected]
Contact person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
Company Address :
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,
Maharashtra, India
Tel.: +91 22 6844 6100
E-mail: [email protected]
Website: www.incred.com
InCred Financial Services NCD FAQs:
What is InCred Financial Services NCD?
InCred Financial Services NCD is Security Bond.
When InCred Financial Services NCD will open?
The InCred Financial Services NCD is to open on 24 January 2022 – 14 Febuary 2022.
What is the InCred Financial Services NCD Size?
InCred Financial Services NCD size is ₹125 Crores.
What is the issue Shelf size of InCred Financial Services NCD?
The Fresh issue size of InCred Financial Services NCD ₹25 Cr.
What is InCred Financial Services NCD Price Band?
InCred Financial Services NCD Price Band is ₹1000 Per NCD.
What is InCred Financial Services NCD Minimum Lot Size?
The InCred Financial Services NCD Minimum Lot Size 10.
What is InCred Financial Services NCD Interest Rate?
The InCred Financial Services NCD Interest Rate is 9.65% Annual.
What is the InCred Financial Services NCD Allotment Date?
InCred Financial Services NCD allotment date is Not Declare.
What is InCred Financial Services NCD Listing Date?
InCred Financial Services NCD listing date is Not Declare. The IPO to list on NSE, BSE.
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