Comparison between JM Financial NCD Aug 2019 and Muthoot Finance NCD (May 2019).
JM Financial NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Finance NCD (May 2019) is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| JM Financial Products Ltd. | Muthoot Finance 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 | |
| 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 The rating provided by ICRA and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating.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 [ICRA] AA (Stable) by ICRA for an amount of up to Rs 40,000 million and have been rated CRISIL AA/Stable by CRISIL for an amount up to Rs 40,000 million. The rating of the NCDs by ICRA and CRISIL indicates a high degree of safety regarding timely servicing of financial obligations. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. JM Financial Ltd. A.K.Capital Services Ltd. | Edelweiss Financial Services Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | Yes | No |
| Allotment Link | Allotment Link | Allotment Link |
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. Muthoot Finance NCD (May 2019) issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹400.00 Cr | ₹4,000.00 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 | ICRA AA/Stable, CRISIL AA/Stable |
| Tenor | 38 months/ 60 months/ 84 months | 24 / 38 / 60 /90 Months |
| Series | Series I to Series V | Series I to Series X |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annually |
Offering period of JM Financial NCD Aug 2019 and Muthoot Finance NCD (May 2019) is mentioned.
| JM Financial Products Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Aug 06, 2019 | May 10, 2019 |
| Bid/Offer Closes On | Sep 04, 2019 | Jun 10, 2019 |
In JM Financial NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In Muthoot Finance NCD (May 2019) QIBs portion includes and offered are offered to retail investors.
| JM Financial Products Ltd. | Muthoot Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
