Comparison between JM Financial NCD Sep 2021 and Klm Axiva Finvest Limited NCD September 2021.
JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Klm Axiva Finvest Limited NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| JM Financial Products Ltd. | KLM Axiva Finvest 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) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | ||
| RHP (Shelf) | RHP (Shelf) | |
| NCD Rating | The issue has been rated [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL | The issue has been rated “CARE BB+; Stable” by CARE Ratings Limited. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk. |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | JM Financial Ltd. Equirus Capital Ltd. | Vivro Financial Services Pvt.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. JM Financial NCD Sep 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Klm Axiva Finvest Limited NCD September 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹400.00 Cr | ₹100.00 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 | 5 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | ICRA AA/Stable and CRISIL AA/Stable | ‘"CARE BB+; Stable" by CARE Ratings Limited. |
| Tenor | 39, 60 and 100 months | 366 & 400 days,18 & 80 months, 2,3,and 5 years |
| Series | Series I to Series IV | Series I to Series X |
| Payment Frequency | Annual and Monthly | Monthly, Cumulative and Annual |
Offering period of JM Financial NCD Sep 2021 and Klm Axiva Finvest Limited NCD September 2021 is mentioned.
| JM Financial Products Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 23, 2021 | Sep 30, 2021 |
| Bid/Offer Closes On | Oct 01, 2021 | Oct 26, 2021 |
In JM Financial NCD Sep 2021 QIBs portion includes 1,50,000 shares and 4,00,000 shares offered are offered to retail investors. In Klm Axiva Finvest Limited NCD September 2021 QIBs portion includes and 5,00,000 shares offered are offered to retail investors.
| JM Financial Products Ltd. | KLM Axiva Finvest Ltd. | |
|---|---|---|
| Institutional | 1,50,000 shares | |
| Non Institutional | 1,50,000 shares | 4,00,000 shares |
| HNI | 3,00,000 shares | |
| Retail | 4,00,000 shares | 5,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
