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Comparision between JM Financial NCD Feb 2020 and Muthoot Vehicle NCD Feb 2020.
JM Financial NCD Feb 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Muthoot Vehicle NCD Feb 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| JM Financial Products Ltd | Muthoot Vehicle & Asset Fin 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 Secured NCDs proposed to be issued under this Issue have been rated CRISIL A/Stable by CRISIL vide its letter dated January 17, 2020. Additionally, the Secured NCDs had also been rated CARE BBB+; Stable by CARE vide its letters dated August 30, 2019, which was revalidated on December 9, 2019. This rating, though, was withdrawn by CARE pursuant to letter dated January 24, 2020 at the request of our Company. |
| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd |
| Lead Managers | A.K. Capital Services Limited Jm Financial Limited Trust Investment Advisors Private Limited |
Inga Ventures Pvt Ltd |
| 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. Muthoot Vehicle NCD Feb 2020 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd | Muthoot Vehicle & Asset Fin Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹200.00 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 | CRISIL A/ Stable; CARE BBB+/ Stable |
| Tenor | 24 months/ 40 months/ 60 months/ 120 months | 24 months/ 38 months/ 60 months/ 90 months |
| Series | Series I to Series X |
Series 1 to Series 10 |
| Payment Frequency | Annual, Cumulative and Monthly | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of JM Financial NCD Feb 2020 and Muthoot Vehicle NCD Feb 2020 is mentioned.
| JM Financial Products Ltd | Muthoot Vehicle & Asset Fin Ltd | |
|---|---|---|
| Bid/Offer Opens On | Feb 13, 2020 | Feb 25, 2020 |
| Bid/Offer Closes On | Mar 09, 2020 | Mar 11, 2020 |
In JM Financial NCD Feb 2020 QIBs portion includes and offered are offered to retail investors. In Muthoot Vehicle NCD Feb 2020 QIBs portion includes and offered are offered to retail investors.
| JM Financial Products Ltd | Muthoot Vehicle & Asset Fin Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 10,00,000 shares |
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