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JM Financial Products Ltd NCD (JM Financial NCD Aug 2019) Detail

Aug 6, 2019 - Sep 4, 2019

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 Financial NCD Aug 2019 Detail

Issue OpenAug 6, 2019 - Sep 4, 2019
Security NameJM Financial Products Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 400.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingICRA AA/Stable, CRISIL AA/Stable
Tenor38 months/ 60 months/ 84 months

Series I to Series V

Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)10%
Category 2 (NII)10%
Category 3 (HNI)40%
Category 4 (RII)40%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)100,000
Category 2 (NII)100,000
Category 3 (HNI)400,000
Category 4 (RII)400,000
Total NCD's1,000,000

Coupon Rates

Coupon rates for series 1 to 5

  Series 1 Series 2 Series 3 Series 4 Series 5
Frequency of Interest Payment Annually Cumulative Annually Monthly Cumulative
Nature Secured
Tenor 38 months 38 months 60 months 60 months 84 months
Coupon Rate 10.20% NA 10.30% 9.85% NA
Amount on Maturity For Category I & II/ for III & IV ₹1,000 ₹1,360.54 ₹1,000 ₹1,000 ₹2,000

NCD Rating Detail

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. The rating provided by ICRA and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating.

Company Promoters

JM Financial Limited is the promoter of the company.

Objects of the Issue:

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

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

JM Financial NCD Aug 2019 Prospectus

JM Financial NCD Aug 2019 Rating

Rating:Rated 3.3 stars

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JM Financial NCD Aug 2019 Reviews

Company Contact Information

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

Phone: (+91 22) 6630 3030

JM Financial NCD Aug 2019 Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454

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Akshay K.
1. Akshay K.  Aug 24, 2019 16:45 I Like It. | I Don't Like It. | Report Abuse Reply
how to apply process any one help ........


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