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Comparision between ECL Finance NCD April 2019 and JM Finacial NCD April 2019.
ECL Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while JM Finacial NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| ECL Finance Limited | JM Financial Products Limited | |
|---|---|---|
| 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 "CARE AA; Positive" (pronounced as CARE AA with Positive outlook) for an amount of Rs 20,000 million, by CARE Ratings Limited vide their letter dated April 10, 2019 and "CRISIL AA/Stable" (pronounced as CRISIL double A rating with Stable outlook) for an amount of Rs 20,000 million, by CRISIL Limited vide their letter dated April 18, 2019. |
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. |
| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | Axis Bank Limited Edelweiss Financial Services Ltd |
A.K. Capital Services Limited Jm Financial Limited Trust Investment Advisors Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. ECL Finance NCD April 2019 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. JM Finacial NCD April 2019 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.
| ECL Finance Limited | JM Financial Products Limited | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹1,000.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹2,000.00 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 | CARE AA/Positive, CRISIL AA/Stable | ICRA AA/Stable, CRISIL AA/Stable |
| Tenor | 39 Months/ 2 Years/ 5 Years/ 10 Years | 24 months/ 36 months/ 60 months |
| Series | Series I to Series IX |
Series 1 to Series 6 |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly/ Annual/ Cumulative |
| Coupon Incentive |
Offering period of ECL Finance NCD April 2019 and JM Finacial NCD April 2019 is mentioned.
| ECL Finance Limited | JM Financial Products Limited | |
|---|---|---|
| Bid/Offer Opens On | May 10, 2019 | Apr 22, 2019 |
| Bid/Offer Closes On | May 17, 2019 | May 15, 2019 |
In ECL Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors. In JM Finacial NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| ECL Finance Limited | JM Financial Products Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares | 20,00,000 shares |
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