Comparison between Edelweiss Financial NCD August 2021 and JM Financial NCD Sep 2021.
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 Ltd. | |
|---|---|---|
| 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 Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Equirus Capital Ltd. | JM Financial Ltd. Equirus Capital Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link |
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 Ltd. | |
|---|---|---|
| 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 |
Offering period of Edelweiss Financial NCD August 2021 and JM Financial NCD Sep 2021 is mentioned.
| Edelweiss Financial Services Ltd. | JM Financial Products Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Aug 17, 2021 | Sep 23, 2021 |
| Bid/Offer Closes On | Sep 06, 2021 | Oct 01, 2021 |
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 Ltd. | |
|---|---|---|
| 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 |
