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| Issue Open | Sep 23, 2021 |
| Issue Close | Oct 1, 2021 |
| Issue Size (Base) | ₹100.00 Crores |
| Issue Size (Shelf) | ₹400.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE |
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.
| Bid/Offer Opens On | Sep 23, 2021 |
| Bid/Offer Closes On | Oct 1, 2021 |
| Record Date | |
| Deemed Date of Allotment |
| 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 | ||||||
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check JM Financial Products Limited 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 issue has been rated [ICRA]AA/Stable by ICRA and CRISIL AA/STABLE by CRISIL
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