Edelweiss Financial NCD August 2021 vs JM Financial NCD Sep 2021

Comparision between Edelweiss Financial NCD August 2021 and JM Financial NCD Sep 2021.

NCD Details

Edelweiss Financial NCD August 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

	Edelweiss Financial Services Ltd	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)
RHP (Shelf)		RHP (Shelf)
NCD Rating	The NCDs proposed to be issued under the Issue have been rated “Acuite AA (Outlook: Negative)” by Acuite Ratings and Research Limited and “[ICRA]A+ (Negative)” by ICRA Limited.	The issue has been rated [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Lead Managers	Equirus Capital Private Limited	Equirus Capital Private Limited Jm Financial Limited
Debenture Trusties
NRI Allowed	No	No
Allotment Link

Issue Size and Price and Other Details

Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. Edelweiss Financial NCD August 2021 issue size is ₹200.00 Cr at an issue price of ₹1,000.00 per NCD. JM Financial NCD Sep 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

	Edelweiss Financial Services Ltd	JM Financial Products Limited
Issue Size (Base)	₹200.00 Cr	₹100.00 Cr
Issue Size (Shelf)	₹200.00 Cr	₹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	10 NCD	1 NCD
Credit Rating	Acuite AA (Outlook: Negative), [ICRA] A+ (Negative)	ICRA AA/Stable and CRISIL AA/Stable
Tenor	36, 60 and 120 Months	39, 60 and 100 months
Series		Series I to Series IV
Payment Frequency	Monthly, Annual and Cumulative	Annual and Monthly
Coupon Incentive

NCD Timetable

Offering period of Edelweiss Financial NCD August 2021 and JM Financial NCD Sep 2021 is mentioned.

	Edelweiss Financial Services Ltd	JM Financial Products Limited
Bid/Offer Opens On	Aug 17, 2021	Sep 23, 2021
Bid/Offer Closes On	Sep 06, 2021	Oct 01, 2021

Shares Offered to Different Investor Category

In Edelweiss Financial NCD August 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors. In JM Financial NCD Sep 2021 QIBs portion includes 1,50,000 shares and 4,00,000 shares offered are offered to retail investors.

	Edelweiss Financial Services Ltd	JM Financial Products Limited
Institutional	2,00,000 shares	1,50,000 shares
Non Institutional	2,00,000 shares	1,50,000 shares
HNI	8,00,000 shares	3,00,000 shares
Retail	8,00,000 shares	4,00,000 shares
Others
Total	20,00,000 shares	10,00,000 shares

Compare with others

Edelweiss Financial Services Ltd	JM Financial Products Limited
Indel Money NCD Sep 2021	Ugro Capital NCD October 2021
JM Financial NCD Sep 2021	Klm Axiva Finvest Limited NCD September 2021
Indiabulls Housing NCD September 2021	Muthoot Fincorp NCD September 2021
Kosamattam Finance NCD August 2021	IIFL Finance NCD September 2021
Muthoottu Mini NCD August 2021	Indel Money NCD Sep 2021
Piramal Capital NCD July 2021	Indiabulls Housing NCD September 2021
IIFL Home Finance NCD	Kosamattam Finance NCD August 2021
KLM Axiva Finvest NCD	Muthoottu Mini NCD August 2021
Sakthi Finance NCD June 2021	Edelweiss Financial NCD August 2021
India Grid Trust NCD April 2021	Piramal Capital NCD July 2021

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