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JM Financial Products Ltd NCD (JM Financial NCD Feb 2020) Detail

February 13, 2020 - March 9, 2020
JM Financial Products Ltd 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 Financial NCD Feb 2020 Detail

Issue Open February 13, 2020 - March 9, 2020
Security Name JM Financial Products Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 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/ 40 months/ 60 months/ 120 months

Series I to Series X

Payment Frequency Annual, Cumulative and Monthly
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 1 100,000
Category 2 100,000
Category 3 400,000
Category 4 400,000
Total NCD's 1,000,000

Coupon rates for series 1 to 10

Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Annually Cumulative Annually Cumulative Monthly Annually Cumulative Monthly Annually Monthly
Nature Secured
Tenor 24 months 24 months 40 months 40 months 40 months 60 months 60 months 60 months 120 months 120 months
Coupon Rate 9.50% NA 9.70% NA 9.29% 9.90% NA 9.48% 10.00% 9.57%
Amount on Maturity Rs 1,000 Rs 1,199.02 Rs 1,000 Rs 1,361.28 Rs 1,000 Rs 1,000 Rs 1,603.20 Rs 1,000 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 following objects of the Issue and the amount proposed to be financed from the Net Proceeds:

1. At least 70% for the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company
2. Maximum of up to 25% for General Corporate Purposes

JM Financial NCD Feb 2020 Prospectus

JM Financial NCD Feb 2020 Subscription Status

The JM Financial NCD Feb 2020 was subscribed 1.38 times on March 9, 2020 5:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 42.52x
Category 30.87x
Category 2 (NII)0.29x
Category 1 (QIB)0.00x

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JM Financial NCD Feb 2020 Rating

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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 Feb 2020 Registrar

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

Phone: 04067162222, 04079611000


3. GOGOps     Link|March 14, 2020 12:25:21 PM
How many does it take to allocate NCD?

I had applied JM financial NCD on 14 Feb but still NCDs are not showing up in my demat account. I can see money is blocked still in my bank account. How I can check status for the NCD request?
2. Neelesh Chouhan     Link|February 18, 2020 1:26:50 PM
Thank you very much
1. Neelesh Chouhan     Link|February 15, 2020 11:09:39 AM
mein JM financial NCD me apply karna chahta hu.
but isme monthly, annually ya cumulative inme se sabse best kaunsa rahega?
Kindly guide us.
1.1. bcskal     Link|February 15, 2020 3:59:55 PM
It depends upon your will and wish. If you want monthly interest, then choose the monthly-interest-option. If you want only the annual/cumulative interest, then choose accordingly. Thanks.

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