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Comparision between Indiabulls Consumer NCD May 2019 and JM Finacial NCD April 2019.
Indiabulls Consumer NCD May 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE, NSE while JM Finacial NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| Indiabulls Consumer 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, NSE | 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; Stable (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19 dated January 4, 2019 and instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
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 | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
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. Indiabulls Consumer NCD May 2019 issue size is ₹1,000.00 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.
| Indiabulls Consumer Finance Limited | JM Financial Products Limited | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹1,000.00 Cr |
| Issue Size (Shelf) | ₹3,000.00 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/Stable, BWR AA+/Stable | ICRA AA/Stable, CRISIL AA/Stable |
| Tenor | 400 days/ 24 months /36 months/ 60 months | 24 months/ 36 months/ 60 months |
| Series | Series I to Series IX |
Series 1 to Series 6 |
| Payment Frequency | Monthly and Annual | Monthly/ Annual/ Cumulative |
| Coupon Incentive |
Offering period of Indiabulls Consumer NCD May 2019 and JM Finacial NCD April 2019 is mentioned.
| Indiabulls Consumer Finance Limited | JM Financial Products Limited | |
|---|---|---|
| Bid/Offer Opens On | May 30, 2019 | Apr 22, 2019 |
| Bid/Offer Closes On | Jun 21, 2019 | May 15, 2019 |
In Indiabulls Consumer NCD May 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.
| Indiabulls Consumer Finance Limited | JM Financial Products Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 20,00,000 shares |
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