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Incorporated in 1984, JM Financial Products Limited is a Non-Deposit accepting NBFC authorized by RBI. The company is a 99.45% subsidiary of JM Financial Ltd. The company offers a broad suite of customized loan products suited according to the needs of corporates, institutions, SMEs, and individuals. The company operates in the given verticals:
Bespoke Financing: This vertical caters to corporates and includes all types of bespoke lending to companies across various sectors, promoter financing against listed / unlisted securities and property collateral, acquisition financing, subordinated or mezzanine financing, other secured lendings, and syndication.
Real Estate Financing: It includes loan against land, project at early stage, project funding, loan against ready residential / commercial property and loan against shares.
Retail mortgage financing: It includes loan against land, project at early stage, project funding, loan against ready residential / commercial property and loan against shares.
Financial institution financing: Under this segment the company offers loans to RBI registered financial institutions (NBFCs, MFIs, etc) against the receivables in their loan book. The funds shall be used for onward lending to their customers, working capital requirements, refinancing, and/or any other purpose as acceptable to the Company.
The company has also ventured into the housing finance business and real estate broking business under the brand name of JMFHL and Dwello, respectively.
Should you subscribe to JM Financial Products Ltd Secured NCD?
Competitive strengths of the company
| Issue Open | September 23, 2021 - October 1, 2021 |
| Security Name | JM Financial Products Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 400.00 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 and CRISIL AA/Stable |
| Tenor | 39, 60 and 100 months |
| Series | Series I to Series IV |
| Payment Frequency | Annual and Monthly |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 15% |
| Non-Institutional | 15% |
| HNI | 30% |
| Retail | 40% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 150,000 |
| Non-Institutional | 150,000 |
| HNI | 300,000 |
| Retail | 400,000 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | Series 4 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Annual | Monthly | Annual | ||||||
| Nature | Secured | |||||||||
| Tenor | 39 months | 60 months | 60 months | 100 months | ||||||
| Coupon Rate | 91-day T-bill* + 315 bps spread | 8.20% | 7.91% | 8.30% | ||||||
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | ||||||
The issue has been rated [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL
JM Financial Limited is the promoter of the company.
| Particulars | For the year/period ended (₹ in Crores) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 5,604 | 5,478 | 6,155 | ||
| Total Revenue | 661 | 840 | 934 | ||
| Profit After Tax | 138 | 160 | 204 | ||
The following objects of the Issue and the amount proposed to be financed from the Net Proceeds:
Read more...
Should you subscribe to JM Financial Products Ltd Secured NCD?
The JM Financial NCD Sep 2021 was subscribed 5.04 times on October 1, 2021 12:59:00 PM. The NCD subscribed 2.06 times in Retail, 9.69 times in HNI, 0.39 times in Non-Institutional, and 8.33 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.06x |
| HNI | 9.69x |
| Non-Institutional | 0.39x |
| Institutional | 8.33x |
| Total | 5.04x |
7 2.7 Rating:  Vote Here ... |
JM Financial Products Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg Prabhadevi,
Mumbai, Maharashtra 400 025, India
Phone: (+91 22) 6630 3030
Email: investorrelations.products@jmfl.com
Website: https://jmfinancialproducts.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: jmfpl.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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