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 RatingICRA AA by ICRA and CRISIL AA/Stable by CRISIL
Issue OpenApril 22, 2019
Issue CloseMay 21, 2019
Issue Size (Base)Rs. 200 crores
Issue Size (Shelf)Rs. 1,000 crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Tenor24 months /36 months/ 60 months
SeriesSeries I to Series VI
Payment FrequencyMonthly, Cumulative and Annual
Basis of Allotment

JM Financial Products Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameJM Financial Products Limited
Security TypeSecured, Non-Convertible Debentures and Unsecured NCDs
Coupon payment frequencyMonthly, Cumulative and Annual
Coupon typeFixed
Tenor24 months /36 months/ 60 months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeIDBI 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 / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total 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
CategoryNCD’s Allocated
QIB – Category 110%
NII – Category 210%
HNI – Category 340%
RII – Category 440%

JM Financial Products Limited NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 110,00,000
NII – Category 210,00,000
HNI – Category 340,00,000
RII – Category 440,00,000
Total NCD’s1,00,00,000

JM Financial Products Limited NCD Coupon Rates

SeriesIIIIIIIVVVI
Frequency of  PaymentAnnualCumulativeAnnualCumulativeMonthlyAnnual
Who can applyAll category of investors can subscribe to all Series of NCDs
Minimum ApplicationRs. 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 thereafterRs. 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 ValueRs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000
Issue Price (Rs. / NCD)Rs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000
Tenor from Deemed Date of
Allotment
24 months24 months36 months36 months60 months60 months
Coupon Rate (% per annum)9.90N.A.10.20N.A.10.0410.50
Effective Yield (Per annum)9.899.9010.1910.2010.5110.49
Mode of Interest PaymentThrough various options available
Redemption Amount
(Rs. / NCD)
Rs. 1,000.00Rs. 1,208.11Rs. 1,000.00Rs. 1,338.63Rs. 1,000.00Rs. 1,000.00
Maturity Date (From Deemed
Date of Allotment)
24 months24 months36 months36 months60 months60 months
Nature of indebtednessSecured rated listed non-convertible debentures
PutN.A.N.A.N.A.N.A.N.A.N.A.
CallN.A.N.A.24 months24 months36 months36 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


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