Comparison between Indel Money NCD Sep 2021 and JM Financial NCD Sep 2021.
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 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) | 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 | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Vivro Financial Services Pvt.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. 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 Ltd. | JM Financial Products Ltd. | |
|---|---|---|
| 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 |
Offering period of Indel Money NCD Sep 2021 and JM Financial NCD Sep 2021 is mentioned.
| Indel Money Ltd. | JM Financial Products Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 23, 2021 | Sep 23, 2021 |
| Bid/Offer Closes On | Oct 18, 2021 | Oct 01, 2021 |
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 Ltd. | JM Financial Products Ltd. | |
|---|---|---|
| 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 |
