JM Financial Products Limited NCD Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 17, 2022Let’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
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