JM Financial NCD Aug 2019 FAQ's

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.

• 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.

1. Minors without a guardian name
2. Foreign nationals
3. Persons resident outside India
4. Foreign Portfolio Investors
5. Foreign Venture Capital Investors
6. Qualified Foreign Investors
7. Overseas Corporate Bodies
8. 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.

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 The rating provided by ICRA and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating.