Incred Financial Services Limited NCD
InCred is a non-deposit taking systemically important NBFC registered with the RBI. The Company caters to lower middle class to middle class Indian households for their personal finance needs like education loans, personal loans. Correspondingly, it also offers secured and unsecured business loans to small businesses, secured loan to K12 Indian schools for their expansion plans, supply chain financing, lending to profitable financial Institutions and microfinance companies and escrow backed lending through its SME vertical.
The Company, a non-deposit taking, systemically important NBFC engaged in providing structured funding, senior secured lending, promoter financing, acquisition financing and mezzanine financing, commenced operations in October 2009. Following the restructuring in March 2017, the Company is a 100% owned subsidiary of KKR Capital Markets India Private Limited (KCM India).
The Company’s business activities are exposed to various risks, namely credit risk, operational risk, regulatory risk, IT risk, liquidity risk, interest rate risk, market risks, reputational risk, event risk, compliance risk and strategic risks.
The products of InCred Financial Services Limited can be categorised as
(i) Consumer Loans
(ii) Education Loans
(iii) MSME Loans
The company further divides the products and services as – Personal Loans, Student Loans, Secured School Financing, Anchor & Escrow Backed Business Loans, Structured Lending, and Lending to FIs.
Objective of NCD Incred Financial Services Limited NCD:
Incred Financial Services Limited NCD Details:
|Open Date:||Jan 09 2023|
|Close Date:||Jan 27 2023|
|Issue Size:||₹ 350 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||10 NCD|
|Particulars (in Lakh.)||6M FY23||March 2022||March 2021|
|Net Interest Income||20,519||25,393||22,448|
|Net Interest Margins||4.33%||6.80%||8.70%|
|Employee Benefit Expense||8,664||13,921||9,449|
|No. of Shares||4,602||4,602||4,602|
|Series 1||Series 2||Series 3||Series 4|
|Frequency of Interest Payment||Quaterly||Annual||Quaterly||Annual|
|Tenor||27 Months||27 Months||39 Months||39 Months|
|Coupon Rate ( Retail )||9.45%||9.80%||9.65%||10%|
|Effective Yield (% per Annum)||9.78%||9.82%||10.00%||10.02%|
|Amount on Maturity||Rs 1,000||Rs 1,000||Rs 1,000||Rs 1,000|
Post Tax returns:
Lead Manager of Incred Financial Services Limited NCD:
- JM Financial Consultants Private Limited
Registrar of Incred Financial Services Limited NCD:
- Link Intime India Private Limited