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Comparision between JM Financial NCD Feb 2020 and Shriram Transport Finance NCD Jan 2020.
JM Financial NCD Feb 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram Transport Finance NCD Jan 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| JM Financial Products Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | ||
| RHP (Base) | RHP  |
|
| 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 NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 28, 2019, and revalidated by its letter dated December 18, 2019, 'CRISIL AA+/Stable' by CRISIL Limited ("CRISIL") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 26, 2019, and revalidated by its letter dated December 12, 2019, and 'IND AA+; Outlook Stable' by India Ratings and Research Private Limited ("India Ratings") for an amount of up to Rs 10,00,000 lacs vide its letter dated June 25, 2019, and revalidated by its letter dated December 11, 2019. The rating of the NCDs by CARE, CRISIL and India Ratings indicate that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
| Registrar | Kfin Technologies Limited | Integrated Registry Management Services Private Limited |
| Lead Managers | A.K. Capital Services Limited Jm Financial Limited Trust Investment Advisors Private Limited |
A.K. Capital Services Limited Jm Financial Limited Smc Capitals Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. JM Financial NCD Feb 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram Transport Finance NCD Jan 2020 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹10,000.00 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 | CARE AA+ /Stable, IND AA+ /Stable, CARE AA+ /Stable |
| Tenor | 24 months/ 40 months/ 60 months/ 120 months | Annual, Cumulative, and Monthly |
| Series | Series I to Series X |
Series I to Series VIII |
| Payment Frequency | Annual, Cumulative and Monthly | 3 Years/5 Years/7 Years |
| Coupon Incentive |
Offering period of JM Financial NCD Feb 2020 and Shriram Transport Finance NCD Jan 2020 is mentioned.
| JM Financial Products Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Bid/Offer Opens On | Feb 13, 2020 | Jan 06, 2020 |
| Bid/Offer Closes On | Mar 09, 2020 | Jan 22, 2020 |
In JM Financial NCD Feb 2020 QIBs portion includes and offered are offered to retail investors. In Shriram Transport Finance NCD Jan 2020 QIBs portion includes and offered are offered to retail investors.
| JM Financial Products Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
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