FREE Account Opening + No Clearing Fees
Loading...

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

May 28, 2018 - June 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 - 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

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://kosmic.kfintech.com/ipostatus/


23 Comments

3. Minaxi     Link|May 28, 2018 12:35:55 PM
in sbi asba..5 series given to apply...which series i have to choose for apply....
2. Vastupal     Link|May 27, 2018 10:51:45 AM
Can I apply through ASBA at SCSB branches as we apply in normal equity IPOs or Have to submit our bid at JM Financial office only..??
2.1. AnkurGoel     Link|May 27, 2018 8:55:57 PM
SBI provides online asba for debt market. You can try SBI. Otherwise you have to apply offline asba.
1. bansal ashu     Link|May 24, 2018 10:30:58 AM
can apply or not

Compare NCDs with JM Financial NCD May 2018