FREE Account Opening + No Clearing Fees
Loading...

JM Financial NCD Aug 2019 vs SREI Equipment NCD Aug 2019

Comparision between JM Financial NCD Aug 2019 and SREI Equipment NCD Aug 2019.

NCD Details

JM Financial NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while SREI Equipment NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  JM Financial Products Ltd Srei Equipment Finance Ltd
Logo JM Financial NCD Aug 2019 Logo SREI Equipment NCD Aug 2019 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
DRHP (Shelf) DRHP (Shelf) DRHP (Shelf)
RHP (Shelf) RHP (Shelf)
NCD Rating

The NCDs proposed to be issued under this Issue have been rated [ICRA]AA by ICRA for an amount of upto Rs 2,000 crores vide its letters dated January 09, 2019 and have been rated "CRISIL AA/STABLE" by CRISIL for an amount upto Rs 2,000 crores vide its letter dated January 03, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations. The rating provided by ICRA and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating.

The NCDs proposed to be issued under this Issue have been rated "BWR AA" (BWR Double A) (Outlook: Negative) by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letter dated July 05, 2019 and
further revalidated by letters dated July 19, 2019 and August 06, 2019 and Acuite AA- (Acuite double A minus) by "Acuite Rating Limited" ("ACUITE") pursuant to letter dated July 30, 2019. Instruments with a rating of "BWR AA" (BWR Double A) (Outlook: Negative) by BRICKWORK and Acuite AA- (Acuite double A minus) by Acuite are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers A.K. Capital Services Limited

Jm Financial Limited

Trust Investment Advisors Private Limited
Karvy Investor Services Limited

Smc Capitals Limited
Debenture Trusties
NRI Allowed Yes No
Allotment Link 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. JM Financial NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. SREI Equipment NCD Aug 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  JM Financial Products Ltd Srei Equipment Finance Ltd
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹400.00 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 ICRA AA/Stable, CRISIL AA/Stable BWR AA/Negative, Acuite AA-/Stable
Tenor 38 months/ 60 months/ 84 months 1 year/ 2 year/ 3 year/ 5 year
Series

Series I to Series V

Series I to Series X

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

NCD Timetable

Offering period of JM Financial NCD Aug 2019 and SREI Equipment NCD Aug 2019 is mentioned.

  JM Financial Products Ltd Srei Equipment Finance Ltd
Bid/Offer Opens On Aug 06, 2019 Aug 19, 2019
Bid/Offer Closes On Sep 04, 2019 Sep 11, 2019

Shares Offered to Different Investor Category

In JM Financial NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In SREI Equipment NCD Aug 2019 QIBs portion includes and offered are offered to retail investors.

  JM Financial Products Ltd Srei Equipment Finance Ltd
Institutional
Non Institutional
HNI
Retail
Others
Total 10,00,000 shares 10,00,000 shares

Comments

Add a public comment...