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JM Financial Credit Solutions Limited NCD (JM Financial NCD May 2018) Detail

May 28, 2018 - Jun 20, 2018
JM Financial Credit Solutions Limited Logo

Incorporated in 1980, JM Financial Credit Solutions Limited is a Systemically Important Non - Deposit taking Non - Banking Financial Company ('NBFC ND - SI') forming part of the JM Financial group. The company is a wholesale finance NBFC and provide integrated financial solutions to real estate developers with a focus on residential project financing such as funding real estate developers at various stages in the life cycle of a real estate project.

JM commenced lending to real estate developers in 2014 and its clients are located in Mumbai, Pune, Bengaluru, Chennai, Hyderabad, NCR, and Kolkata. For Fiscal 2018, its loan book stood at Rs 73,388.8 million as compared to Rs 56,581.5 million as of
Fiscal 2017.

JM Financial provides secured and unsecured lending to the real estate developers. Its product portfolio consists of -

Project finance: This includes offering loans to developers for construction of residential or commercial projects.
Loans against property: This includes loans against the residential or commercial properties with occupation certificate.
Loans against shares: This includes loans to investors against the listed or unlisted shares of corporates;
Project at early stage loans: This is primarily undertaken against projects which are expected to be launched soon; and
Loans against land: This funding is primarily undertaken for land acquisition or against land parcels which are not expected to be launched in the near future. These parcels are mostly without approvals at the time of funding.

JM Financial NCD May 2018 Detail

Issue Open May 28, 2018 - Jun 20, 2018
Security Name JM Financial Credit Solutions Limited
Security Type
Issue Size (Base) Rs 2,000.00 Crores
Issue Size (Shelf) Rs [.] 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
Tenor
Series
Payment Frequency
Basis of Allotment

Company Promoters

The promoter of the company is JM Financial Limited.

Objects of the Issue

The objects of the Issue are-

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

Ratings

This issue is rated IND AA/Stable by India Ratings. The rating of the NCDs by ICRA and India Ratings indicates high degree of safety regarding timely servicing of financial obligations.

Offerings

NCDs have tenure of 38 months, 60 months and 120 months. It offers coupon rates ranging from 9.11% to 9.75% based on the tenure and the interest payment options.

Useful Links

JM Financial NCD May 2018 Prospectus

JM Financial NCD May 2018 Rating

36
3.6
Rating:Rated 3.6 stars
Vote Here ...

JM Financial NCD May 2018 Reviews

Company Contact Information

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

Phone: (+91 022) 6630 3030
Email: investorrelations.csl@jmfl.com
Website: http://www.jmfinancialcreditsolutions.com/

JM Financial NCD May 2018 Registrar

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

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/


23 Comments

23. v for vendetta     Link|Jun 7, 2018 7:45:13 PM
Got 85 Bonds against 200 applied.
23.1. rishikanani     Link|Jul 28, 2018 4:09:24 PM
Hello sir its safe to invest in this perticuler ncd?
22. rishikanani     Link|Jul 28, 2018 4:06:58 PM
Hello
Its safe to invest in this perticuler ncd?
Please give me proper reply
21. Sdpp     Link|Jun 10, 2018 10:04:57 PM
Listing Date pls Replt
21.1. v for vendetta     Link|Jun 11, 2018 11:02:45 AM
listed on BSE, script code 975JMFCSL28
trading at discounted rate.
21.2. Sdpp     Link|Jun 11, 2018 12:00:18 PM
Thanks Bhai..
20. AnkurGoel     Link|Jun 7, 2018 5:37:13 PM
Partial allotment. how is it possible when it was on first come first serve basic? Either full allotment or no allotment should happen? Or my bid was the last bid which got the left over bonds.
20.2. AnkurGoel     Link|Jun 8, 2018 6:38:10 PM
@AHT, I know it is not lottery. Bonds are allocated in first come first serve basis. Whoso ever submits the bid first will get allotment first. I am not sure why proportionate allotment occurred in this issue.
20.3. CAAnil     Link|Jun 10, 2018 7:22:01 PM
Allotment on First Come First Served Basis - Subject to the allocation ratio, allotment will be made on a first-come first-served basis, as well as on a date priority basis, i.e. on the date of oversubscription, the allotment will be made on a proportionate basis to all the applicants of that day on which it gets oversubscribed.
19. ashoke mukhopadhyay     Link|Jun 9, 2018 8:58:25 AM
We can purchase ncd much lower price from secondary market after listing the ncd in bse from secondary market after listing schedule on 11.06.2018
18. ashoke mukhopadhyay     Link|Jun 7, 2018 6:51:55 PM
Since the ncd is over subscribed in day1. I.e 2.19times& allotment was made in pro data basis.
17. ashoke mukhopadhyay     Link|Jun 7, 2018 6:01:42 PM
You can now get your allotment of jmfinancial ncd in karvy. ncd allotment portal
16. ashoke mukhopadhyay     Link|Jun 7, 2018 2:50:18 PM
unblock the money started for jmfinancial ncd from sbi absa
15. ashoke mukhopadhyay     Link|Jun 6, 2018 3:57:57 PM
jm financial ncd allotment by today &unblock the money from absa by 07.06.2018
15.1. v for vendetta     Link|Jun 7, 2018 9:43:16 AM
Money is still blocked.
I applied on 28-May around 12PM, any chance of allotment?
14. ashoke mukhopadhyay     Link|Jun 5, 2018 10:54:19 AM
ncd is fully subscribed on 28.05.2016& schedule to list within 9.06.2018( 12days after fully subscribed ) i,e 09.06.2018
Accordingly the money will kept in bank lien to the end of permissible listing time .
jmfinancial ncd should avoid in future.
13. ashoke mukhopadhyay     Link|Jun 5, 2018 9:53:09 AM
Dhfl ncd 3allotted /refund from bank absa platform but jm financial ncd is still not unblock the fund against ncd nor refund the money to bsnk a/c for our use.
Jm financial ncd is fully subscribed mainly by retail subscriber but the company is stll not finalise the allotment & this has resulted block retail invrstor money in their saving a/c under lien @ 3.5% interest rate .
Jmfinancial is not reciprocating equally to rrtail investor for delaying allotment schedule &in future we will never invest fund in jmfinancial ncd.
12. ashoke mukhopadhyay     Link|Jun 4, 2018 10:35:03 AM
Why unblock the fund is still not startrd from bank a/c .
11. Prashant Chourasiya     Link|Jun 1, 2018 3:14:51 PM
Funds has been debited from my account. Can I expect listing gain from this issue?
11.1. Vasant Kaneria     Link|Jun 2, 2018 11:19:49 AM
in my case Fund is not debited till now on SBI for NCD hold of Rs 2Lakh is there
11.2. PSR     Link|Jun 2, 2018 11:31:36 AM
Response from Category-1 is not so good on account its rating at "AA"

Hence, may not command any significant premium.
10. ashoke mukhopadhyay     Link|May 31, 2018 3:01:36 PM
Date of allotment of nsd/ unblocked fund in bank a/c
9. AnkurGoel     Link|May 29, 2018 11:18:04 PM
Issue closed.
8. ashoke mukhopadhyay     Link|May 29, 2018 11:44:19 AM
jmfinancial ncd is having six series instead five series &all the series is appended in sbi absa from day1. The ncd is not fully subscribed till date.
8.1. AnkurGoel     Link|May 29, 2018 6:30:50 PM
Then go and apply for it if not subscribed.
7. Minaxi     Link|May 28, 2018 1:37:11 PM
in sbi asba...5 series given to apply...which series i have to choose for apply ...let me know...
7.1. AnkurGoel     Link|May 28, 2018 6:21:28 PM
It depends which series you wish to invest.
Series 1 - 38 months - annual payout;
Series 2 - 38 months - payout at maturity;
Series 3- 60 months - annual payout;
series 4 - 60 months - monthly payout;
series 5 - 120 months - annual payout.
7.2. ashoke mukhopadhyay     Link|May 29, 2018 11:45:19 AM
series 6
6. kenil     Link|May 28, 2018 6:57:25 PM
Oversubscribed on day 1 , so fifo type now less chance. Avoid it now
5. AnkurGoel     Link|May 28, 2018 6:23:38 PM
Retails oversubscribed. So no need to apply now. You will get refund as allotment is first come first serve.
4. Venkata DoraBabu     Link|May 27, 2018 1:08:15 PM
Can NRIs apply for this issue?
4.1. kenil     Link|May 28, 2018 4:36:07 PM
no