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JM Financial NCD Aug 2019 Detail
Issue Open Aug 6, 2019
Issue Close Sep 4, 2019
Issue Size (Base) ₹100.00 Crores
Issue Size (Shelf) ₹400.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

JM Financial NCD Aug 2019 Date & Price

The JM Financial NCD Aug 2019 issue opens on Aug 6, 2019, and closes on Sep 4, 2019, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

JM Financial Products Ltd NCD IPO dates are as below:

JM Financial NCD Aug 2019 Issue Timetable

Bid/Offer Opens OnAug 6, 2019
Bid/Offer Closes OnSep 4, 2019
Record Date
Deemed Date of Allotment

Sorry, JM Financial NCD Aug 2019 DRHP PDF Document is not available at this time.

JM Financial NCD Aug 2019 Red Herring Prospectus (RHP) PDF

JM Financial NCD Aug 2019 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for JM Financial NCD Aug 2019 is Monthly, Annual and Cumulative.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

JM Financial NCD Aug 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Sep 4, 2019. The bid may close earlier in case it is fully subscribed.

Coupon rates for series 1 to 5

  Series 1 Series 2 Series 3 Series 4 Series 5
Frequency of Interest Payment Annually Cumulative Annually Monthly Cumulative
Nature Secured
Tenor 38 months 38 months 60 months 60 months 84 months
Coupon Rate 10.20% NA 10.30% 9.85% NA
Amount on Maturity For Category I & II/ for III & IV Rs 1,000 Rs 1,360.54 Rs 1,000 Rs 1,000 Rs 2,000

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 38 months/ 60 months/ 84 months.

JM Financial NCD Aug 2019 Issue Size and Subscription Status

The JM Financial NCD Aug 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹100.00 Crores
  • NCD Shelf Issue Size: ₹400.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in JM Financial NCD Aug 2019 is not available at this time. Please revisit us for latest updates.

Yes, NRI's are eligible to apply in this Issue.

Applications cannot be made by:

(a) Minors without a guardian name* (A guardian may apply on behalf of a minor. However, the name of the guardian will also need to be mentioned on the Application Form);
(b) Foreign nationals;
(c) Persons resident outside India;
(d) Foreign Institutional Investors/Foreign Portfolio Investors; (e) Non Resident Indians inter-alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA;
(f) Qualified Foreign Investors;
(g) Overseas Corporate Bodies;
(h) Foreign Venture Capital Funds;
(i) Persons ineligible to contract under applicable statutory/ regulatory requirements.

You could check JM Financial Products Ltd NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

JM Financial NCD Aug 2019 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

Click here to check JM Financial Products Ltd Allotment Status.

The JM Financial Products Ltd NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price JM Financial NCD Aug 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

JM Financial Products Ltd NCD - Should I apply?

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. The rating provided by ICRA and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating.

Sorry, we do not provide NCD recommendations. But we share a lot of information about JM Financial NCD Aug 2019 which could help you with questions like JM Financial NCD Aug 2019 buy or not? You should also read JM Financial NCD Aug 2019 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

JM Financial Products Ltd NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.