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Comparision between JM Financial NCD Aug 2019 and Shriram Transport Finance NCD July 2019.
JM Financial NCD Aug 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram Transport Finance NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| JM Financial Products Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| 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) | ||
| RHP (Base) | RHP  |
RHP |
| DRHP (Shelf) | DRHP (Shelf) |
DRHP (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 The rating provided by ICRA and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating. |
The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June |
| Registrar | Kfin Technologies Limited | Integrated Registry Management Services Private Limited |
| Lead Managers | A.K. Capital Services Limited Jm Financial Limited Trust Investment Advisors Private Limited |
A.K. Capital Services Limited Jm Financial Limited Smc Capitals Limited |
| Debenture Trusties | ||
| NRI Allowed | Yes | Yes |
| Allotment Link | Allotment Link |
Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. JM Financial NCD Aug 2019 issue size is ₹100.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram Transport Finance NCD July 2019 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| JM Financial Products Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Issue Size (Base) | ₹100.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹400.00 Cr | ₹10,000.00 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 | CARE AA+/Stable, CRISIL AA+/Stable |
| Tenor | 38 months/ 60 months/ 84 months | Annual, Cumulative, and Monthly |
| Series | Series I to Series V |
Series I to Series X |
| Payment Frequency | Monthly, Annual and Cumulative | 30 months/42 months/60 months/84 months |
| Coupon Incentive |
Offering period of JM Financial NCD Aug 2019 and Shriram Transport Finance NCD July 2019 is mentioned.
| JM Financial Products Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Bid/Offer Opens On | Aug 06, 2019 | Jul 17, 2019 |
| Bid/Offer Closes On | Sep 04, 2019 | Aug 16, 2019 |
In JM Financial NCD Aug 2019 QIBs portion includes and offered are offered to retail investors. In Shriram Transport Finance NCD July 2019 QIBs portion includes and offered are offered to retail investors.
| JM Financial Products Ltd | Shriram Transport Finance Company Ltd | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares | 30,00,000 shares |
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