Comparison between IIFL Finance NCD September 2021 and JM Financial NCD Sep 2021.
IIFL Finance NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| IIFL Finance 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, NSE | 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 have been rated CRISIL AA/Stable by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. | The issue has been rated [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL |
| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | IIFL Capital Services Ltd. Equirus Capital Ltd. Edelweiss Financial Services 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. IIFL Finance NCD September 2021 issue size is ₹100.00 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.
| IIFL Finance Ltd. | JM Financial Products Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹900.00 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 | 1 NCD | 1 NCD |
| Credit Rating | CRISIL AA/Stable & BWR AA+/ Negative | ICRA AA/Stable and CRISIL AA/Stable |
| Tenor | 24, 36 and 60 Months | 39, 60 and 100 months |
| Series | Series I to Series IV | |
| Payment Frequency | Annual, Cumulative | Annual and Monthly |
Offering period of IIFL Finance NCD September 2021 and JM Financial NCD Sep 2021 is mentioned.
| IIFL Finance Ltd. | JM Financial Products Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 27, 2021 | Sep 23, 2021 |
| Bid/Offer Closes On | Oct 08, 2021 | Oct 01, 2021 |
In IIFL Finance NCD September 2021 QIBs portion includes 1,00,000 shares and 4,00,000 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.
| IIFL Finance Ltd. | JM Financial Products Ltd. | |
|---|---|---|
| Institutional | 1,00,000 shares | 1,50,000 shares |
| Non Institutional | 1,00,000 shares | 1,50,000 shares |
| HNI | 4,00,000 shares | 3,00,000 shares |
| Retail | 4,00,000 shares | 4,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
