Comparison between JM Finacial NCD April 2019 and SREI Infrastructure NCD april 2019.
JM Finacial NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while SREI Infrastructure NCD april 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| JM Financial Products Ltd. | SREI Infrastructure 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) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | DRHP (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 Secured NCDs proposed to be issued under this Issue have been rated 'BWR AA+ (BWR Double A plus)'by Brickwork Ratings India Private Limited ("BRICKWORK") pursuant to letters dated September 01, 2017 and |
| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. |
| Lead Managers | Trust Investment Advisors Pvt.Ltd. JM Financial Ltd. A.K.Capital Services Ltd. | Srei Capital Markets Ltd. SMC Capitals Ltd. Karvy Investor Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. JM Finacial NCD April 2019 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. SREI Infrastructure NCD april 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd. | SREI Infrastructure Finance Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹1,500.00 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 | BWR AA+/Stable |
| Tenor | 24 months/ 36 months/ 60 months | 400 days/ 3 years/ 5 years |
| Series | Series 1 to Series 6 | Series 1 to Series 8 |
| Payment Frequency | Monthly/ Annual/ Cumulative | Monthly/ Annual |
Offering period of JM Finacial NCD April 2019 and SREI Infrastructure NCD april 2019 is mentioned.
| JM Financial Products Ltd. | SREI Infrastructure Finance Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Apr 22, 2019 | Apr 09, 2019 |
| Bid/Offer Closes On | May 15, 2019 | May 09, 2019 |
In JM Finacial NCD April 2019 QIBs portion includes and offered are offered to retail investors. In SREI Infrastructure NCD april 2019 QIBs portion includes and offered are offered to retail investors.
| JM Financial Products Ltd. | SREI Infrastructure Finance Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 20,00,000 shares | 10,00,000 shares |
