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JM Financial NCD Sep 2021 vs Klm Axiva Finvest Limited NCD September 2021

Comparision between JM Financial NCD Sep 2021 and Klm Axiva Finvest Limited NCD September 2021.

NCD Details

JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Klm Axiva Finvest Limited NCD September 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.

  JM Financial Products Limited Klm Axiva Finvest Limited
Logo JM Financial NCD Sep 2021 Logo Klm Axiva Finvest Limited NCD September 2021 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 issue has been rated [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL

The issue has been rated “CARE BB+; Stable” by CARE Ratings Limited. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Equirus Capital Private Limited

Jm Financial Limited
Vivro Financial Services Private 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. JM Financial NCD Sep 2021 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Klm Axiva Finvest Limited NCD September 2021 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.

  JM Financial Products Limited Klm Axiva Finvest Limited
Issue Size (Base) ₹100.00 Cr ₹100.00 Cr
Issue Size (Shelf) ₹400.00 Cr ₹100.00 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 and CRISIL AA/Stable ‘"CARE BB+; Stable" by CARE Ratings Limited.
Tenor 39, 60 and 100 months 366 & 400 days,18 & 80 months, 2,3,and 5 years
Series

Series I to Series IV

Series I to Series X

Payment Frequency Annual and Monthly Monthly, Cumulative and Annual
Coupon Incentive

NCD Timetable

Offering period of JM Financial NCD Sep 2021 and Klm Axiva Finvest Limited NCD September 2021 is mentioned.

  JM Financial Products Limited Klm Axiva Finvest Limited
Bid/Offer Opens On Sep 23, 2021 Sep 30, 2021
Bid/Offer Closes On Oct 01, 2021 Oct 26, 2021

Shares Offered to Different Investor Category

In JM Financial NCD Sep 2021 QIBs portion includes 1,50,000 shares and 4,00,000 shares offered are offered to retail investors. In Klm Axiva Finvest Limited NCD September 2021 QIBs portion includes and 5,00,000 shares offered are offered to retail investors.

  JM Financial Products Limited Klm Axiva Finvest Limited
Institutional 1,50,000 shares
Non Institutional 1,50,000 shares 4,00,000 shares
HNI 3,00,000 shares
Retail 4,00,000 shares 5,00,000 shares
Others
Total 10,00,000 shares 10,00,000 shares

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