BW Disrupt, Oct 4, 2019
The issue is part of InCred’s ongoing Rs 100 crore MLD programme and was arranged in partnership with Sanctum Wealth Management
Mumbai-headquartered tech-enabled new age NBFC InCred provides Personal loans, Education Loans, and SME loans that are tailor-made to the unique needs of its customers. InCred, promoted by former Deutsche Bank executive Bhupinder Singh, has previously closed 2 successful rounds of equity raising and has a diversified pool of debt providers across the Indian banking and capital markets ecosystem.
The issue was fully subscribed despite the tough market backdrop, and it highlights the appetite in the investor community for Consumer and MSME focused small ticket, lending models. The innovative fundraising gives investors access to a higher-yielding asset class, and it provides InCred with an alternative source of funding to the traditional Bank and Capital Markets channels.
InCred CFO Vivek Bansal said “We are very pleased with the issuance of our debut MLD and its over-subscription in this market indicates the confidence that investors have in our diversified business model, our risk management philosophy and practices, our technology infrastructure, and the quality of our talent pool. We were pleased with the arranger services provided by Sanctum and will look to issue additional tranches under our MLD Programme in future.”
Registered Office: CoWrks, Level 3, Birla Centurion, Century Mill Compound, Pandurang Budhkar Marg, Worli, Mumbai - 400030 Contact number: +91 2261779500 | CIN: U74140MH2015PTC264932
Compliance Officer: Ms. Mridula Iyengar Email: email@example.com
CoWrks, Level 3,
Birla Centurion, Century Mill Compound,
Pandurang Budhkar Marg, Worli, Mumbai - 400030
Contact number: +91 2261779500
| CIN: U74999MH2017PTC302008 |
Real Estate Regulatory Authority License no. (A51900011805)
For any grievance or disputes please contact us at the above address and phone number or send us an email to firstname.lastname@example.org. In case you are not satisfied with the response, you may contact the stock exchanges directly: (NSE) Tel: +91 22 2659 8190 / 1800 2200 58 (Toll free) or Email: email@example.com; (BSE) Tel: +91 22 2272 809 or Email: firstname.lastname@example.org.
Filing complaints on SCORES – Easy & Quick a. Register on SCORES portal b. Mandatory details for filing complaints on SCORES I. Name, PAN, Address, Mobile Number, E-mail ID c. Benefits: I. Effective communication II. Speedy redressal of the grievances
SCORES Website link : https://scores.gov.in/scores/Welcome.html | SCORES Mobile App (Android): https://play.google.com/store/apps/details?id=com.sebi.invedu | SCORES Mobile App (IOS): https://apps.apple.com/in/app/sebiscores/id1493257302
Trading and investments in Securities are subject to market risk, there is no assurance or guarantee of returns. Please read the PMS Disclosure Document, Risk Disclosure Document and Dos and Don’ts prescribed by the Exchanges and Mutual Fund Offer Documents carefully before investing
Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No need to worry about the refund either, as the money remains in the investor’s account. Prevent Unauthorized Transactions in your demat and broking account −> Update your mobile numbers/email IDs with your stock brokers and depository participants. Receive information of your transactions directly from Exchange & NSDL on your mobile/email at the end of the day..... Issued in the interest of Investors. (Ref Circular No : NSE/INSP/27346, BSE/ 20140822-30, NSDL 2014/94/97 & 2015 / 104). KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.