Comparison between JM Financial NCD Sep 2021 and Piramal Capital NCD July 2021.
JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Piramal Capital NCD July 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| JM Financial Products Ltd. | Piramal Capital & Housing Finance 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) | 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 |
|
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. Equirus Capital Ltd. | Trust Investment Advisors Pvt.Ltd. JM Financial Ltd. Edelweiss Financial Services Ltd. A.K.Capital Services 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. Piramal Capital NCD July 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd. | Piramal Capital & Housing Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹400.00 Cr | ₹800.00 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 | 10 NCD |
| Credit Rating | ICRA AA/Stable and CRISIL AA/Stable | CARE AA, ICRA AA with outlook (Negative) |
| Tenor | 39, 60 and 100 months | 26, 36, 60 and 120 months |
| Series | Series I to Series IV | |
| Payment Frequency | Annual and Monthly |
Offering period of JM Financial NCD Sep 2021 and Piramal Capital NCD July 2021 is mentioned.
| JM Financial Products Ltd. | Piramal Capital & Housing Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 23, 2021 | Jul 12, 2021 |
| Bid/Offer Closes On | Oct 01, 2021 | Jul 19, 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 Piramal Capital NCD July 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors.
| JM Financial Products Ltd. | Piramal Capital & Housing Finance Ltd. | |
|---|---|---|
| Institutional | 1,50,000 shares | 2,00,000 shares |
| Non Institutional | 1,50,000 shares | 2,00,000 shares |
| HNI | 3,00,000 shares | 8,00,000 shares |
| Retail | 4,00,000 shares | 8,00,000 shares |
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
