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 Dates||23 September – 1 October 2021|
|Security Type||Secured, Redeemable, Non-Convertible Debentures|
|Face Value||INR1,000 per NCD|
|Issue Price||INR1,000 per NCD|
|Issue Size (Base)||INR100 crore|
|Issue Size (including oversubscription)||INR400 crore|
|Minimum Lot size||10 NCDs|
|Market Lot||1 NCD|
|Credit Rating||ICRA AA/Stable|
|Category Reservation||Category 1 (QIB): 15%|
Category 2 (NII): 15%
Category 3 (HNI): 30%
Category 4 (RII): 40%
|Basis of Allotment||First Come First Serve|
JM Financial NCD Sep 2021 – Options and Coupon Rates
|Option||Tenure||Interest Payment||Coupon Rate||Effective Yield||Maturity Amount|
|Series 1||39 months||Annual||91-day T-bill + 315 bps spread||–||INR1,000|
|Series 2||60 months||Annual||8.20%||8.19%||INR1,000|
|Series 3||60 months||Monthly||7.91%||8.20%||INR1,000|
|Series 4||100 months||Annual||8.30%||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
Fax: +91 40 2343 1551
Email: [email protected]
JM Financial NCD Documents
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]
|Category 1 (QIB)||Category 2 (NII)||Category 3 (HNI)||Category 4 (RII)||Total|
|1 Oct 2021||8.33||0.39||9.69||2.06||5.03|
|30 Sep 2021||1.67||0.39||9.68||1.95||3.99|
|29 Sep 2021||1.67||0.39||9.20||1.80||3.79|
|28 Sep 2021||1.67||0.39||2.56||1.54||1.69|
|27 Sep 2021||1.67||0.39||0.35||1.33||0.94|
|24 Sep 2021||1.67||0.34||0.24||1.04||0.79|
|23 Sep 2021||0.00||0.17||0.16||0.74||0.37|
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.