JM Financial NCD September 2021
About JM Financial
JM Financial is a “Systemically Important Non-Deposit Taking NBFC” (NBFC-ND-SI) registered with the Reserve Bank of India and operates under the “JM Financial” franchise. Incorporated as J.M. Lease Consultants Private Limited on July 10, 1984, the company has broadened its services from lease syndication and vehicle leasing to offering financial solutions through lending, syndication, participation in lending for securities issuance and distribution.
JM Financial focused on offering a broad suite of loan products that are customized to suit the needs of corporates, institutions, SMEs and individuals. The company broadly operates under the following verticals viz.
(i) Bespoke financing;
(ii) Real estate financing;
(iii) Capital market financing;
(iv) Retail mortgage financing; and
(v) Financial institution financing.
In addition to the above, JM Financial ventured into digital led real estate broking/consulting business under the brand name “Dwello”
JM Financial NCD 2021 Details
| Description | Details |
|---|---|
| Issue Size | Public Issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value of Rs. 1,000/- for an amount of Rs. 100 Crore (Base Issue Size) with an option to retain oversubscription up to Rs. 400 Crore aggregating up to Rs. 500 Crore (the Tranche I Issue Limit) which is within the Shelf Limit of Rs. 1,500 Crore(the Tranche I Issue) |
| NCD Issue Open | 23-Sep-21 |
| NCD Issue Close | 14-Oct-21 |
| Security Type | Secured Redeemable non-convertible Debentures |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 Bonds (Rs.10,000) |
| Series | I-IV |
| Credit Rating | “[ICRA]AA /(Stable)” by ICRA Limited and CRISIL AA/ Stable by CRISIL Ratings Limited |
| Payment Frequency | Monthly, Annual |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | JMFPIV |
| Listing At | BSE, NSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 |
| Interest Type | Floating | Fixed | Fixed | Fixed |
| Tenor | 39 months | 60 months | 60 months | 100 months |
| Frequency of Interest Payment | Annual | Annual | Monthly | Annual |
| Coupon Rate | 91-day T-bill* + 315 bps spread | 8.20% | 7.91% | 8.30% |
| Effective Yield for all categories of NCD Holders | – | 8.19% | 8.20% | 8.30% |
| Amount (₹ / NCD) on Maturity for all categories of NCD Holders | Rs.1000 | Rs.1000 | Rs.1000 | Rs.1000 |
Objects of the Issue
- For the purpose of onward lending, financing, and for repayment / prepayment of interest and principal of the borrowings of the company
- General Corporate Purposes
JM Financial NCD September 2021 – Documents
JM Financial NCD September 2021 Lead Managers
- Equirus Capital Private Limited
- JM Financial Limited
JM Financial NCD September 2021 Registrar
- KFin Technologies Private Limited
JM Financial NCD September 2021 – FAQs
When is the JM Financial NCD September 2021 issue open date?
The JM Financial NCD September 2021 issue open date is on 23 September 2021
When is the JM Financial NCD September 2021 issue close date?
The JM Financial NCD issue close date is on 14 October, 2021
What is the price for one NCD for JM Financial NCD September 2021 issue?
The price band is Rs 1000 per NCD and the minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply JM Financial September 2021 issue?
Apply from your demat account, if you don’t have the Demat Account, click here to open the Demat Account.
You can apply via downloading the form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centers.
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