JM Financial NCD Sep 2021 vs Piramal Capital NCD July 2021

Comparision between JM Financial NCD Sep 2021 and Piramal Capital NCD July 2021.

NCD Details

JM Financial NCD Sep 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Piramal Capital NCD July 2021 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

	JM Financial Products Limited	Piramal Capital & Housing Finance 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)		DRHP
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	CARE AA (Under Credit Watch with Developing Implications) ICRA AA with outlook (Negative)
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Lead Managers	Equirus Capital Private Limited Jm Financial Limited	A.K. Capital Services Limited Edelweiss Financial Services Ltd Jm Financial Limited Trust Investment Advisors 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. Piramal Capital NCD July 2021 issue size is ₹200.00 Cr at a issue price of ₹1,000.00 per NCD.

	JM Financial Products Limited	Piramal Capital & Housing Finance Limited
Issue Size (Base)	₹100.00 Cr	₹200.00 Cr
Issue Size (Shelf)	₹400.00 Cr	₹800.00 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	10 NCD
Credit Rating	ICRA AA/Stable and CRISIL AA/Stable	CARE AA, ICRA AA with outlook (Negative)
Tenor	39, 60 and 100 months	26, 36, 60 and 120 months
Series	Series I to Series IV
Payment Frequency	Annual and Monthly
Coupon Incentive

NCD Timetable

Offering period of JM Financial NCD Sep 2021 and Piramal Capital NCD July 2021 is mentioned.

	JM Financial Products Limited	Piramal Capital & Housing Finance Limited
Bid/Offer Opens On	Sep 23, 2021	Jul 12, 2021
Bid/Offer Closes On	Oct 01, 2021	Jul 19, 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 Piramal Capital NCD July 2021 QIBs portion includes 2,00,000 shares and 8,00,000 shares offered are offered to retail investors.

	JM Financial Products Limited	Piramal Capital & Housing Finance Limited
Institutional	1,50,000 shares	2,00,000 shares
Non Institutional	1,50,000 shares	2,00,000 shares
HNI	3,00,000 shares	8,00,000 shares
Retail	4,00,000 shares	8,00,000 shares
Others
Total	10,00,000 shares	20,00,000 shares

Compare with others

JM Financial Products Limited	Piramal Capital & Housing Finance Limited
Ugro Capital NCD October 2021	JM Financial NCD Sep 2021
Klm Axiva Finvest Limited NCD September 2021	Indiabulls Housing NCD September 2021
Muthoot Fincorp NCD September 2021	Kosamattam Finance NCD August 2021
IIFL Finance NCD September 2021	Muthoottu Mini NCD August 2021
Indel Money NCD Sep 2021	Edelweiss Financial NCD August 2021
Indiabulls Housing NCD September 2021	IIFL Home Finance NCD
Kosamattam Finance NCD August 2021	KLM Axiva Finvest NCD
Muthoottu Mini NCD August 2021	Sakthi Finance NCD June 2021
Edelweiss Financial NCD August 2021	India Grid Trust NCD April 2021
Piramal Capital NCD July 2021	Muthoot Fincorp Limited NCD April 2020

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