JM Financial Products Limited NCD Details (JM Financial NCD Sep 2021)

JM Financial Products Limited launched a non-convertible debenture (NCD) issue, offering yields up to 8.30% for an 100 Months tenor, on Thursday. You can opt for monthly, annual, or cumulative interest payment options.
The issue which opened on 23th Sep 2021 will remain open till 14th Oct 2021. The NCD is being offered in tenors ranging from 100 months and is rated “AA Stable” by CRISIL. The issue size is ₹100 crore, with the company retaining the right to keep an additional ₹300 crore from the proceeds.

    JM Financial NCD

    JM Financial NCD Sep 2021 Detail

    Issue Open Sep 23, 2021 – Oct 14, 2021
    Security Name JM Financial Products Limited
    Security Type Secured, Redeemable, Non-Convertible
    Debentures (Secured NCDs)
    Issue Size (Base) Rs 100.00 Crores
    Issue Size (Shelf) Rs 400.00 Crores
    Issue Price Rs 1000 per NCD
    Face Value Rs 1000 each NCD
    Minimum Lot size 10 NCD
    Market Lot 10 NCD
    Listing At BSE
    Credit Rating ICRA AA/Stable and CRISIL AA/Stable
    Tenor 39, 60 and 100 months
    Series Series I to Series IV
    Payment Frequency Annual and Monthly
    Basis of Allotment First Come First Serve Basis

    JM Financial NCD Allocation Ratio

    NCD’s allocated in each investor category:
    Category NCD’s Allocated
    Institutional 15%
    Non-Institutional 15%
    HNI 30%
    Retail 40%

    JM Financial NCD’s Offered

    NCD’s offered in each investor category:
    Category NCD’s Reserved
    Institutional 150,000
    Non-Institutional 150,000
    HNI 300,000
    Retail 400,000
    Total NCD’s 1,000,000

    JM Financial NCD Coupon Rates for Eash Series

    Series 1 Series 2 Series 3 Series 4
    Frequency of Interest Payment Annual Annual Monthly Annual
    Nature Secured
    Tenor 39 months 60 months 60 months 100 months
    Coupon Rate 91-day T-bill* + 315 bps spread 8.20% 7.91% 8.30%
    Amount on Maturity Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000

    JM Financial NCD Rating Detail

    The issue has been rated [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL

    About JM Financial

    JM Logo

    Incorporated in 1984, JM Financial Products Limited is a Non-Deposit accepting NBFC authorized by RBI. The company is a 99.45% subsidiary of JM Financial Ltd. The company offers a broad suite of customized loan products suited according to the needs of corporates, institutions, SMEs, and individuals. The company operates in the given verticals:

    Bespoke Financing: This vertical caters to corporates and includes all types of bespoke lending to companies across various sectors, promoter financing against listed / unlisted securities and property collateral, acquisition financing, subordinated or mezzanine financing, other secured lendings, and syndication.
    Real Estate Financing: It includes loan against land, project at early stage, project funding, loan against ready residential / commercial property and loan against shares.
    Retail mortgage financing: It includes loan against land, project at early stage, project funding, loan against ready residential / commercial property and loan against shares.
    Financial institution financing: Under this segment the company offers loans to RBI registered financial institutions (NBFCs, MFIs, etc) against the receivables in their loan book. The funds shall be used for onward lending to their customers, working capital requirements, refinancing, and/or any other purpose as acceptable to the Company.
    The company has also ventured into the housing finance business and real estate broking business under the brand name of JMFHLand Dwello, respectively.

    Company Promoters

    • JM Financial Limited is the promoter of the company.

    Company Financials

    Summary of financial Information (Restated Consolidated)
    Particulars For the year/period ended (₹ in Crores)
    31-Mar-21 31-Mar-20 31-Mar-19
    Total Assets 5,604 5,478 6,155
    Total Revenue 661 840 934
    Profit After Tax 138 160 204

    Objects of the Issue:

    The following objects of the Issue and the amount proposed to be financed from the Net Proceeds:

    1. At least 75% for the purpose of onward lending, financing, and for repayment / prepayment of interest and principal of the borrowings of the company
    2. Maximum of up to 25% for General Corporate Purposes

    JM Financial NCD Sep 2021 Prospectus

    JM Financial NCD Lead Manager

    • Equirus Capital Private Limited
    • JM Financial Consultants Private Limited

    Company Contact Information

    JM Financial Products Limited
    7th Floor, Cnergy,
    Appasaheb Marathe Marg Prabhadevi,
    Mumbai, Maharashtra 400 025, India
    Phone: (+91 22) 6630 3030

    JM Financial NCD September 2021 Registrar

    KFintech Private Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India – 500 032.
    Phone: 04067162222, 04079611000

    JM Financial Finance NCD FAQs

    • When is JM Financial NCD Sep 2021 public issue coming?

      The JM Financial NCD September 2021 issue opens on September 23, 2021, and closes on Oct 14, 2021, for the subscription.

      Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day. The allotment is done on a First Come First Serve Basis.

    • What is JM Financial NCD 2021 timetable?

      JM FinancialNCD IPO dates are as below:

      JM Financial NCD March 2021 Issue Timetable

      Bid/Offer Opens On Sep 23, 2021
      Bid/Offer Closes On Oct 14, 2021
      Record Date
      Deemed Date of Allotment

    • Where can I get the JM Financial NCD September 2021 issue prospectus pdf?

      Sorry, JM Financial NCD September 2021 DRHP PDF Document is not available at this time.

    • What is JM Financial NCD September 2021 price? Tell me the pricing of JM Financial NCD issue?

      JM Financial NCD September 2021 price is set at ₹1000 per NCD.
    • What is the face value of JM Financial NCD September 2021?

      The NCDs will be issued at a face value of ₹1000 for each NCD.
    • What is the frequency of interest payment for JM Financial NCD Sep 2021?

      The frequency of payment for JM Financial NCD September 2021 is Annual and Monthly.
    • What is the minimum application size for investment in JM Financial NCD September 2021 public issue?

      Each application should be for a minimum of 10 NCDs and multiples of 1 NCD thereof.
    • What is Indiabulls Housing Finance JM Financial 2021 closing time?

      JM Financial NCD September 2021 remains open for subscription on working days from 10:00 a.m. to 5:00 p.m until October 14, 2021. The bid may close earlier in case it is fully subscribed.

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