Comparison between JM Financial NCD Sep 2021 and Ugro Capital NCD October 2021.
JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Ugro Capital NCD October 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| JM Financial Products Ltd. | UGRO Capital 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) | 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 f “Acuite A” by Acuite Ratings and Research Limited. This rating signifies adequate degree of safety regarding timely servicing of financial obligations and carry low credit risk. |
| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. Equirus Capital Ltd. | Sundae Capital Advisors 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. Ugro Capital NCD October 2021 issue size is ₹50.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd. | UGRO Capital Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹50.00 Cr |
| Issue Size (Shelf) | ₹400.00 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 | “Acuite A” by Acuite Ratings and Research Limited. |
| Tenor | 39, 60 and 100 months | 9 and 27 Months |
| Series | Series I to Series IV | |
| Payment Frequency | Annual and Monthly | Monthly |
Offering period of JM Financial NCD Sep 2021 and Ugro Capital NCD October 2021 is mentioned.
| JM Financial Products Ltd. | UGRO Capital Ltd. | |
|---|---|---|
| Bid/Offer Opens On | Sep 23, 2021 | Nov 08, 2021 |
| Bid/Offer Closes On | Oct 01, 2021 | Nov 10, 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 Ugro Capital NCD October 2021 QIBs portion includes 2,00,000 shares and 50,000 shares offered are offered to retail investors.
| JM Financial Products Ltd. | UGRO Capital 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 | 50,000 shares |
| Retail | 4,00,000 shares | 50,000 shares |
| Others | ||
| Total | 10,00,000 shares | 5,00,000 shares |
