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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.
| Issue Open | May 28, 2018 - June 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 | First Come First Serve Basis |
The promoter of the company is JM Financial Limited.
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
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.
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.
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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/
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://kosmic.kfintech.com/ipostatus/
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