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Comparision between JM Financial NCD Feb 2020 and KLM Axiva NCD June 2020.
JM Financial NCD Feb 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while KLM Axiva NCD June 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| JM Financial Products Ltd | KLM Axiva Finvest Ltd | |
|---|---|---|
| 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) | DRHP  |
|
| RHP (Base) | RHP |
|
| DRHP (Shelf) | DRHP (Shelf) |
|
| RHP (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 "CARE BB+; Stable", by CARE Ratings Limited ("CARE Ratings") for an amount up to Rs 12,500 lakhs, vide its letter dated March 16, 2020 and revalidation letter dated May 22, 2020. The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations. |
| Registrar | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited Jm Financial Limited Trust Investment Advisors Private Limited |
Vivro Financial Services Private Limited |
| Debenture Trusties | ||
| 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 Feb 2020 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. KLM Axiva NCD June 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd | KLM Axiva Finvest Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹125.00 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 | 5 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | ICRA AA/Stable, CRISIL AA/Stable | CARE BB+/ Stable |
| Tenor | 24 months/ 40 months/ 60 months/ 120 months | 400days/ 18month/ 2year/ 3year/ 5year/ 75month |
| Series | Series I to Series X |
Series I to Series X |
| Payment Frequency | Annual, Cumulative and Monthly | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of JM Financial NCD Feb 2020 and KLM Axiva NCD June 2020 is mentioned.
| JM Financial Products Ltd | KLM Axiva Finvest Ltd | |
|---|---|---|
| Bid/Offer Opens On | Feb 13, 2020 | Jun 02, 2020 |
| Bid/Offer Closes On | Mar 09, 2020 | Jun 26, 2020 |
In JM Financial NCD Feb 2020 QIBs portion includes and offered are offered to retail investors. In KLM Axiva NCD June 2020 QIBs portion includes and offered are offered to retail investors.
| JM Financial Products Ltd | KLM Axiva Finvest Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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