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Comparision between JM Financial NCD Feb 2020 and Kosamattam Fin NCD March 2020.
JM Financial NCD Feb 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Kosamattam Fin NCD March 2020 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| JM Financial Products Ltd | Kosamattam Finance 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 'IND BBB' Outlook Stable, by India Ratings and Research Private Limited ("India Ratings") for an amount up to Rs 35,000 lakhs vide its letter dated September 30, 2019. The rating of NCDs by India Ratings indicates that instruments with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. |
| Registrar | Kfin Technologies Limited | Kfin Technologies Limited |
| Lead Managers | A.K. Capital Services Limited Jm Financial Limited Trust Investment Advisors 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. Kosamattam Fin NCD March 2020 issue size is ₹150.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd | Kosamattam Finance Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹150.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹300.00 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 | IND BBB/ Stable |
| Tenor | 24 months/ 40 months/ 60 months/ 120 months | 15 Mon/21 Mon/39 Mon/48 Mon/66 Mon/84 Months |
| Series | Series I to Series X |
Series I to Series VIII |
| Payment Frequency | Annual, Cumulative and Monthly | Monthly and Cumulative |
| Coupon Incentive |
Offering period of JM Financial NCD Feb 2020 and Kosamattam Fin NCD March 2020 is mentioned.
| JM Financial Products Ltd | Kosamattam Finance Ltd | |
|---|---|---|
| Bid/Offer Opens On | Feb 13, 2020 | Mar 19, 2020 |
| Bid/Offer Closes On | Mar 09, 2020 | May 22, 2020 |
In JM Financial NCD Feb 2020 QIBs portion includes and offered are offered to retail investors. In Kosamattam Fin NCD March 2020 QIBs portion includes and offered are offered to retail investors.
| JM Financial Products Ltd | Kosamattam Finance Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 15,00,000 shares |
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