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JM Financial Products Limited NCD (JM Finacial NCD April 2019) Detail

April 22, 2019 - May 15, 2019
JM Financial Products Limited Logo

Incorporated in 1984 under the brand name JM Financial, JM Financial Products Limited is a Non - Deposit Taking NBFC authorized by RBI. The company is engaged in providing financial services mainly in the area of vehicle leasing and lease syndication. The company offers a gamut of financial services through participation in securities lending, distribution, issuance, and syndication.

Based on customer needs, the company offers secured and unsecured loans. The company principally works in the area of four asset classes which are fixed income division (real estate financing), fixed income division (structured financing), SME financing and capital market financing.

1. FID (structured financing)
It comprises structured lending to companies in different sectors for secured lending, subordinated or mezzanine financing, promoter financing, property collateral, syndication and acquisition financing.

2. FID (real estate financing)
It includes loan against commercial property or residential property or project or land or shares.

3. SME Financing
In this segment, the loan is provided to small and medium enterprises for the project, institutional, and working capital purposes against education institutional and property lending.

4. Capital market financing
In capital market financing, loans are provided for ESOP financing, buy now sell later, arbitrage, margin trade financing, public offer financing, broker financing, and personal purposes.

The company also offers unsecured loan to customers if the creditworthiness of the customer is good and purpose is acceptable. It has also ventured into housing finance business and real estate broking business under the brand name of JMFHL and Dwello, respectively.

The competitive strengths of the company are:
1. Diversified product portfolio
2. Well-positioned in the industry with growing trends
3. Good track record
4. Firm lending book profile
5. Multiple funding sources
6. Strong credit profile

JM Finacial NCD April 2019 Detail

Issue Open April 22, 2019 - May 15, 2019
Security Name JM Financial Products Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 1,000.00 Crores
Issue Size (Shelf) Rs 2,000.00 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
Credit Rating ICRA AA/Stable, CRISIL AA/Stable
Tenor 24 months/ 36 months/ 60 months

Series 1 to Series 6

Payment Frequency Monthly/ Annual/ Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 10%
Category 2 10%
Category 3 40%
Category 4 40%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 200,000
Category 2 200,000
Category 3 800,000
Category 4 800,000
Total NCD's 2,000,000

Coupon Rates for Eash Series

Series 1 Series 2 Series 3 Series 4 Series 5 Series 6
Frequency of Interest Payment Annual Cumulative Annual Cumulative Monthly Annual
Tenor 24 Months 24 Months 36 Months 36 Months 60 Months 60 Months
Coupon Rate (Retail) For Category I & II/ for III & IV 9.90% NA 10.20% NA 10.04% 10.50%
Amount on Maturity For Category I & II/ for III & IV Rs 1,000 Rs 1,208.11 Rs 1,000 Rs 1,338.63 Rs 1,000 Rs 1,000

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.

Company Promoters

JM Financial Limited is the promoter of the company.

Objects of the Issue

The Net Proceeds raised through this Issue (in tranches) will be utilized for following activities in the ratio provided
as below:

1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company.
2. General Corporate Purposes

JM Finacial NCD April 2019 Prospectus

JM Finacial NCD April 2019 Subscription Status

The JM Finacial NCD April 2019 was subscribed 2.05 times on May 15, 2019 1:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 42.91x
Category 31.34x
Category 2 (NII)2.25x
Category 1 (QIB)1.25x

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JM Finacial NCD April 2019 Rating

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Company Contact Information

JM Financial Products Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg Prabhadevi
Mumbai, Maharashtra 400 025

Phone: (+91 022) 6630 3030

JM Finacial NCD April 2019 Registrar

Kfin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000


4. DJ BRAVO     Link|June 7, 2019 10:25:37 AM
IS allotment done ? my bank account is still showing amount in lien balance.
3. Neelesh Chouhan     Link|May 20, 2019 8:43:12 PM
Mujhe allot ho gaya he
Ab next process kya he?
2. bcskal     Link|April 25, 2019 2:24:20 PM
Hello friends, I also had DHFL NCD some time back. I bet that no NCD is giving a yield of 23% per annum. Presently, NCDs can give an yield of 9% (or) 10% (or) at the most 11% yield per annum. So Mr.NCDExpert, please do not mislead the people that DHFL NCD is giving an yield of 23% per annum. Thanks.
2.1. IPO INFORMAR     Link|May 6, 2019 10:37:47 AM
He is true ,in exchange it is available at discount rate due to negative news of DHFL
1. NCDExpert     Link|April 23, 2019 8:17:02 AM
Friends, Dewan Housing NCD maturing in Aug-19 and Sep-19 are available for 23% yield. One should look at those NSE before applying in new offering. ISIN INE202B07HR8 and INE202B07IK1.
1.1. KARTHIKEYAN SOMASUNDARAM     Link|April 23, 2019 6:55:51 PM
How do you say its available for 23% yield? current NCD's in market has coupon rate around 9-10.5% and effective yield around 12-13%. Is it a buy back? Please guide me.
1.2. IPO INFORMAR     Link|May 4, 2019 10:43:33 AM
Yes it is true.It is available in market at discounted rate, so yield is 23%

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