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Comparision between JM Finacial NCD April 2019 and Magma Fincorp NCD April 2019.
JM Finacial NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Magma Fincorp NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| JM Financial Products Limited | Magma Fincorp Limited | |
|---|---|---|
| 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) | ||
| 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 NCDs proposed to be issued under this Issue have been rated BWR AA (Outlook: Stable)' by Brickworks Ratings India Private Limited ("Brickworks") for an amount of up to Rs 1,00,000 lakhs vide its letter dated December 21, 2018 and ACUITE AA/Stable by Acuité Ratings & Research Limited (erstwhile SMERA Ratings Limited) for an amount of up to Rs 1,00,000 lakhs vide its letter dated December 28, 2018. The rating of the NCDs by Brickworks and Acuité indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
| Registrar | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited Jm Financial Limited Trust Investment Advisors Private Limited |
A.K. Capital Services Limited Catalyst Trusteeship Limited Edelweiss Financial Services Ltd |
| 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. JM Finacial NCD April 2019 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Magma Fincorp NCD April 2019 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Limited | Magma Fincorp Limited | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹200.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹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, ACUITE AA/Stable |
| Tenor | 24 months/ 36 months/ 60 months | 3 years/ 5 years/ 10 years |
| Series | Series 1 to Series 6 |
Series 1 to Series 7 |
| Payment Frequency | Monthly/ Annual/ Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of JM Finacial NCD April 2019 and Magma Fincorp NCD April 2019 is mentioned.
| JM Financial Products Limited | Magma Fincorp Limited | |
|---|---|---|
| Bid/Offer Opens On | Apr 22, 2019 | Apr 08, 2019 |
| Bid/Offer Closes On | May 15, 2019 | May 08, 2019 |
In JM Finacial NCD April 2019 QIBs portion includes and offered are offered to retail investors. In Magma Fincorp NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| JM Financial Products Limited | Magma Fincorp Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 20,00,000 shares | 20,00,000 shares |
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