Home  »  Ncd  »  Jm Financial Products Limited Ncd

Let’s have a detailed review of the company and analytics of the JM Financial Products Limited NCD release date, NCD issue size, subscription, JM Financial Products Limited NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.

JM Financial Products Limited NCD – April 2019 Detail

Credit Rating ICRA AA by ICRA and CRISIL AA/Stable by CRISIL
Issue Open April 22, 2019
Issue Close May 21, 2019
Issue Size (Base) Rs. 200 crores
Issue Size (Shelf) Rs. 1,000 crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE
Tenor 24 months /36 months/ 60 months
Series Series I to Series VI
Payment Frequency Monthly, Cumulative and Annual
Basis of Allotment

JM Financial Products Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security Name JM Financial Products Limited
Security Type Secured, Non-Convertible Debentures and Unsecured NCDs
Coupon payment frequency Monthly, Cumulative and Annual
Coupon type Fixed
Tenor 24 months /36 months/ 60 months
Depository NSDL and CDSL
Disbursement SEBI Debt Regulations
Debenture Trustee IDBI Trusteeship Services Limited.

JM Financial Products Limited NCD Dates

The opening and the closing date of JM Financial Products Limited NCD is April 22, 2019 to May 21, 2019.


JM Financial Products Limited NCD Subscription

Day / Date QIB Category 1 NII Category 2 HNI Category 3 RII Category 4 Total Subscription
1st – 10th Day : till 19th Sept
10th – 20th Day : till
20th – 30th Day : till
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


JM Financial Products Limited NCD Allotment Status

Here, you can find the Allotment Status of this NCD.


JM Financial Products Limited NCD Share Offering

Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.

JM Financial Products Limited NCD Allocation Ratio

NCD Allocation Ratio
Category NCD’s Allocated
QIB – Category 1 10%
NII – Category 2 10%
HNI – Category 3 40%
RII – Category 4 40%

JM Financial Products Limited NCD Offered

NCD’s Offered
Category NCD’s Reserved
QIB – Category 1 10,00,000
NII – Category 2 10,00,000
HNI – Category 3 40,00,000
RII – Category 4 40,00,000
Total NCD’s 1,00,00,000

JM Financial Products Limited NCD Coupon Rates

Series I II III IV V VI
Frequency of  Payment Annual Cumulative Annual Cumulative Monthly Annual
Who can apply All category of investors can subscribe to all Series of NCDs
Minimum Application Rs. 10,000 (10
NCDs)
Rs. 10,000
(10 NCDs)
Rs. 10,000 (10
NCDs)
Rs. 10,000 (10
NCDs)
Rs. 10,000 (10
NCDs)
Rs. 10,000 (10 NCDs)
In multiples of thereafter Rs. 1,000 (1
NCD)
Rs. 1,000 (1
NCD)
Rs. 1,000 (1
NCD)
Rs. 1,000 (1
NCD)
Rs. 1,000 (1
NCD)
Rs. 1,000 (1 NCD)
Face Value Rs. 1,000 Rs. 1,000 Rs. 1,000 Rs. 1,000 Rs. 1,000 Rs. 1,000
Issue Price (Rs. / NCD) Rs. 1,000 Rs. 1,000 Rs. 1,000 Rs. 1,000 Rs. 1,000 Rs. 1,000
Tenor from Deemed Date of
Allotment
24 months 24 months 36 months 36 months 60 months 60 months
Coupon Rate (% per annum) 9.90 N.A. 10.20 N.A. 10.04 10.50
Effective Yield (Per annum) 9.89 9.90 10.19 10.20 10.51 10.49
Mode of Interest Payment Through various options available
Redemption Amount
(Rs. / NCD)
Rs. 1,000.00 Rs. 1,208.11 Rs. 1,000.00 Rs. 1,338.63 Rs. 1,000.00 Rs. 1,000.00
Maturity Date (From Deemed
Date of Allotment)
24 months 24 months 36 months 36 months 60 months 60 months
Nature of indebtedness Secured rated listed non-convertible debentures
Put N.A. N.A. N.A. N.A. N.A. N.A.
Call N.A. N.A. 24 months 24 months 36 months 36 months

JM Financial Products Limited NCD Issue Object

These are the NCD Issue Objects of the company

  • For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
  • General corporate purposes

JM Financial Products Limited – Company Overview

The Company is a “Systemically Important Non –Deposit Taking NBFC” (NBFC-ND-SI) registered with the Reserve Bank of India and operates as the flagship company under the “JM Financial”brand. Incorporated as J.M. Lease Consultants Private Limited on July 10, 1984, the Company has broadened its services from lease syndication and vehicle leasing to offering financial solutions through lending, syndication, participation in lending for securities issuance and distribution.

They are focused on offering a broad suite of secured and unsecured loan products which are customised to suit the needs of the corporates, SMEs and individuals. The Company broadly operates under four verticals viz.

  • Fixed income division (structured financing) (“FID (structured financing)”);
  • Fixed income division (real estate financing) (“FID (real estate financing)”);
  • Capital market financing; and
  • SME financing.

JM Financial Products Limited NCD Lead Managers

Lead Managers
Edelweiss Financial Services Limited

IIFL Holdings Limited

ICICI Securities Limited

Trust Investment Advisors Private Limited


JM Financial Products Limited NCD Debenture Trustee

Debenture Trustee
Catalyst Trusteeship Limited
GDA House, Plot No. 85,
Bhusari Colony (Right), Kothrud, Pune –411038
Tel:022 49220539
Fax:022– 49220505
Email:ComplianceCTL-Mumbai@ctltrustee.com
Investor Grievance Email:grievance@ctltrustee.com
Website:www.catalysttrustee.com
Contact Person:Umesh Salvi
SEBI Registration No:IND000000034

JM Financial Products Limited NCD Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083
Tel.:+ 91 22 4918 6200
Fax:+ 91 22 4918 6195
Email:iifl.ncd2018@linkintime.co.in
Investor Grievance Email:iifl.ncd2018@linkintime.co.in
Website: www.linkintime.co.in
Contact Person:Shanti Gopalkrishnan
SEBI Registration No:INR000004058

JM Financial Products Limited NCD Ratings

The NCDs proposed to be issued under this Issue have been rated BWR AA+/Stable for an amount of Rs.50,000 million by Brickworks Ratings India Private Limited vide their rating letter dated October 31, 2018 which was further revalidated by their revalidation letter dated January 9, 2019, CRISIL AA/Stable for an amount of Rs.50,000 million by CRISIL Ratings Limited vide their rating letter dated November 2, 2018 which was further revalidated by their revalidation letter dated January 9, 2019 and [ICRA] AA (Stable)  for an amount of Rs.50,000 million by ICRA Limited vide their rating letter dated November 1, 2018 which was further revalidated by their revalidation letter dated January 9, 2019.

The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk


JM Financial Products Limited NCD News

News 1 – Download RHP Prospectus


Market Guide


Featured Topics

Get 90% Discount on Brokerage Now! Open Demat Account