JM Financial NCD Sep 2021

NCD Subscription Allotment Status
JM Financial NCD Sep 2021

JM Financial NCD Sep 2021 description – JM Financial is a systemically important non-deposit taking NBFC and operates under the “JM Financial” franchise. Incorporated in 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.
The company is focused on offering a broad suite of loan products which are customized to suit the needs of the corporates, institutions, SMEs and individuals. The company broadly operates under the following 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 lending and syndication.

Real estate financing – The real estate financing segment includes loan against land, loan against project at early stage, project funding, loan against ready residential / commercial property and loan against shares.

Capital market financing – The capital market financing segment includes loans against securities, margin trade financing, arbitrage, buy now sell later, ESOP financing, broker financing, public offer financing and personal loans.

Retail mortgage financing – Under this segment, JM Financial offers home loans, education institutions loans and loan against property. Loans under this segment are primarily provided against collateral of property and receivables.

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.

Promoter of JM Financial Products – JM Financial Limited

JM Financial NCD Sep 2021 details

Subscription Dates23 September – 1 October 2021
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000 per NCD
Issue PriceINR1,000 per NCD
Issue Size (Base)INR100 crore
Issue Size (including oversubscription)INR400 crore
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor26 months
36 months
60 months
120 months
Credit RatingICRA AA/Stable
Category ReservationCategory 1 (QIB): 15%
Category 2 (NII): 15%
Category 3 (HNI): 30%
Category 4 (RII): 40%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

JM Financial NCD Sep 2021 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon Rate Effective Yield Maturity Amount
Series 139 monthsAnnual91-day T-bill + 315 bps spreadINR1,000
Series 260 monthsAnnual8.20%8.19%INR1,000
Series 360 monthsMonthly7.91%8.20%INR1,000
Series 4100 monthsAnnual8.30%8.30%INR1,000

Registrar of JM Financial Non Convertible Debentures

KFin Technologies Private Limited 
Selenium Tower B, Plot 31-32, Gachibowli, Nanakramguda, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551
Email: [email protected]

JM Financial NCD Documents

Tranche Prospectus

Shelf Prospectus

JM Financial Contact Details

JM Financial Products Limited
7th Floor, Cnergy, Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra 400 025
Phone: +91 22 6630 3030
Email: [email protected]

JM Financial NCD Sep 2021 Subscription Status (no. of times)

Category 1 (QIB)Category 2 (NII)Category 3 (HNI)Category 4 (RII)Total
1 Oct 2021 8.330.399.692.065.03
30 Sep 20211.670.399.681.953.99
29 Sep 20211.670.399.201.803.79
28 Sep 20211.670.392.561.541.69
27 Sep 20211.670.390.351.330.94
24 Sep 20211.670.340.241.040.79
23 Sep 20210.

JM Financial NCD Sep 2021 Allotment Status

JM Financial NCD Sep 2021 allotment status is now updated at the website of KFin Technologies’ website. Click on this link to get allotment status.


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