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Indel Money NCD Sep 2021 vs JM Financial NCD Sep 2021

Comparision between Indel Money NCD Sep 2021 and JM Financial NCD Sep 2021.

NCD Details

Indel Money NCD Sep 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.

  Indel Money Limited JM Financial Products Limited
Logo Indel Money NCD Sep 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) DRHP
RHP (Base) RHP RHP
DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The issue has been rated “CRISIL BBB/Stable” by CRISIL Ratings Limited. Instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations.

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

Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Vivro Financial Services 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. Indel Money NCD Sep 2021 issue size is ₹75.00 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.

  Indel Money Limited JM Financial Products Limited
Issue Size (Base) ₹75.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹75.00 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 BBB/Stable" by CRISIL Ratings ICRA AA/Stable and CRISIL AA/Stable
Tenor 366 days, 18, 36, 54, 61 and 71 Months 39, 60 and 100 months
Series

Series I to Series XI

Series I to Series IV

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

NCD Timetable

Offering period of Indel Money NCD Sep 2021 and JM Financial NCD Sep 2021 is mentioned.

  Indel Money Limited JM Financial Products Limited
Bid/Offer Opens On Sep 23, 2021 Sep 23, 2021
Bid/Offer Closes On Oct 18, 2021 Oct 01, 2021

Shares Offered to Different Investor Category

In Indel Money NCD Sep 2021 QIBs portion includes 75,000 shares and 3,75,000 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.

  Indel Money Limited JM Financial Products Limited
Institutional 75,000 shares 1,50,000 shares
Non Institutional 3,00,000 shares 1,50,000 shares
HNI 3,00,000 shares
Retail 3,75,000 shares 4,00,000 shares
Others
Total 7,50,000 shares 10,00,000 shares

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