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Edelweiss Financial NCD August 2021 vs JM Financial NCD Sep 2021

Comparision between Edelweiss Financial NCD August 2021 and JM Financial NCD Sep 2021.

NCD Details

Edelweiss Financial NCD August 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  Edelweiss Financial Services Ltd JM Financial Products Limited
Logo Edelweiss Financial NCD August 2021 Logo JM Financial NCD Sep 2021 Logo
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Listing at BSE BSE
Basis of Allotment First Come First Serve Basis First Come First Serve Basis
DRHP (Base)
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under the Issue have been rated “Acuite AA (Outlook: Negative)” by Acuite Ratings and Research Limited and “[ICRA]A+ (Negative)” by ICRA Limited.

The issue has been rated [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Equirus Capital Private Limited Equirus Capital Private Limited

Jm Financial Limited
Debenture Trusties
NRI Allowed No No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial NCD August 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. JM Financial NCD Sep 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  Edelweiss Financial Services Ltd JM Financial Products Limited
Issue Size (Base) ₹200.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹200.00 Cr ₹400.00 Cr
Issue Price ₹1,000.00 per NCD ₹1,000.00 per NCD
Face Value ₹1,000.00 per NCD ₹1,000.00 per NCD
Minimum Lot size 10 NCD 10 NCD
Market Lot 10 NCD 1 NCD
Credit Rating Acuite AA (Outlook: Negative), [ICRA] A+ (Negative) ICRA AA/Stable and CRISIL AA/Stable
Tenor 36, 60 and 120 Months 39, 60 and 100 months
Series

Series I to Series IV

Payment Frequency Monthly, Annual and Cumulative Annual and Monthly
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD August 2021 and JM Financial NCD Sep 2021 is mentioned.

  Edelweiss Financial Services Ltd JM Financial Products Limited
Bid/Offer Opens On Aug 17, 2021 Sep 23, 2021
Bid/Offer Closes On Sep 06, 2021 Oct 01, 2021

Shares Offered to Different Investor Category

In Edelweiss Financial NCD August 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In JM Financial NCD Sep 2021 QIBs portion includes 1,50,000 shares and 4,00,000 shares offered are offered to retail investors.

  Edelweiss Financial Services Ltd JM Financial Products Limited
Institutional 2,00,000 shares 1,50,000 shares
Non Institutional 2,00,000 shares 1,50,000 shares
HNI 8,00,000 shares 3,00,000 shares
Retail 8,00,000 shares 4,00,000 shares
Others
Total 20,00,000 shares 10,00,000 shares

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