Comparison between JM Financial NCD Sep 2021 and Muthoot Fincorp NCD September 2021.
JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Fincorp NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| JM Financial Products Ltd. | Muthoot Fincorp 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 [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL | The issue has been rated “CRISILA+/Stable” by CRISIL Ratings Limited for an amount of ₹ 400 Crores. 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. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. Equirus Capital Ltd. | SMC Capitals 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. Muthoot Fincorp NCD September 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹400.00 Cr | ₹200.00 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 and CRISIL AA/Stable | ‘"CRISILA+/Stable" by CRISIL Ratings |
| Tenor | 39, 60 and 100 months | 27, 38, 60, 72, and 87 Months |
| Series | Series I to Series IV | Series I to Series X |
| Payment Frequency | Annual and Monthly | Monthly and Cumulative |
Offering period of JM Financial NCD Sep 2021 and Muthoot Fincorp NCD September 2021 is mentioned.
| JM Financial Products Ltd. | Muthoot Fincorp 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 Muthoot Fincorp NCD September 2021 QIBs portion includes 1,00,000 shares and 11,00,000 shares offered are offered to retail investors.
| JM Financial Products Ltd. | Muthoot Fincorp Ltd. | |
|---|---|---|
| Institutional | 1,50,000 shares | 1,00,000 shares |
| Non Institutional | 1,50,000 shares | 8,00,000 shares |
| HNI | 3,00,000 shares | |
| Retail | 4,00,000 shares | 11,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
