Incred Financial Services (formerly known as KKR India Financial Services) is engaged in the business of financial services and registered with SEBI as a non-deposit-taking systemically important NBFC.
The company mainly focuses on lower to middle-class households in terms of fulfillment of their financial needs in the form of multiple loan options, furthermore also provides loans for business purposes to small and medium businesses.
- Education Loans
- Personal Loans
- MSME Loans
These above loans are the prime products of the company.
Incred Financial Services NCD Object
The company intends to use the NCD Funds for the below-mentioned purposes:
- For onward lending, financing, and for repayment of certain existing borrowings.
- General corporate purposes and offer expenses.
Incred Financial Services NCD Details:
| Security Name | Incred Financial Services |
| Issue Open Date | October 25, 2023 |
| Issue Close Date | November 07, 2023 |
| Security Type | Secured NCDs |
| Issue Size (Base) | Rs. 150 crore |
| Issue Size (Shelf) | Rs. 300 crore |
| Issue Price | Rs. 1000 per NCD |
| Face Value | Rs. 1000 per NCD |
| Minimum Lot Size | 10 NCD |
| Market Lot | 1 NCD |
| Listing On | BSE |
| Tenure | 18/24/36 months |
| Credit Rating | CRISIL A+ |
| Series | I – IV |
| Payment Frequency | Monthly/Quarterly/Annually |
| Basis of Allotment | FIFO |
Incred Financial Services NCD Financials Review (crore)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Assets | 6,608.39 | 4,034.65 | 2,804.53 |
| Revenue | 877.45 | 524.27 | 392.48 |
| Profit | 120.92 | 36.12 | 10.23 |
Incred Financial Services Company Promoters
As per the DRHP and RHP, the company has two Promoters.
| Serial No. | Name |
| 01. | Incred Holdings Limited |
| 02. | Bhupinder Singh |
Incred Financial Services NCD Allocation Ratio
Incred Financial Services NCD allocation between the below-mentioned categories.
| Category | NCD’s Allocation |
| Institutional | 05% |
| Non- Institutional | 10% |
| HNI | 40% |
| Retail | 45% |
Incred Financial Services NCD – Prospectus
An investor can download/view the Incred Financial Services Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Incred Financial Services Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Incred Financial Services Debenture Trustee
Catalyst Trusteeship Limited
Tel: +91 -22 4922 0555
E-Mail: ComplianceCTL-mumbai@ctltrustee.com
Website: www.ctltrustee.com
Incred Financial Services Credit Rating Agency
Crisil Ratings Limited
Tel: +91 -22 3342 3000
E-Mail: crisilratingdesk@crisil.com
Website: www.crisil.com
Incred Financial Services Registrar
Link Intime India Private Limited
Tel: +91 810 811 4949
E-Mail: incred.ncd2@linkintime.co.in
Website: www.linkintime.co.in
Incred Financial Services lead manager
#1. JM Financial Limited
#2. Incred Capital Wealth Portfolio Managers Private Limited
Incred Financial Services NCD Company Details
Incred Financial Services Limited
Registered Office: Unit No. 1203, 12th Floor, B-Wing, The Capital Plot No. C-70, G Block, Bandra Kurla, Complex Bandra (East) Mumbai-400051
Tel: +91 22 68446100
Email: incred.compliance@incred.com
Website: www.incred.com
Compliance Officer: Ganjender Singh Thakur
Incred Financial Services NCD Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Jigar Shah |
| 02. | Anil Nagu |
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