JM Financial NCD – Non-Convertible Debenture of JM Financial

    JM Financial NCD: JM Financial is issuing its Non-Convertible Debenture (NCD) from 20-Nov-2018 to 20-Dec-2018.

JM Financial is one of India’s leading Non-Banking Financial Companies (NBFCs).

JM Financial NCD

Source: www.jmfl.com

Company Details

   The full name of the company is JM Financial Credit Solutions. It was incorporated in May 1980 in Mumbai, Maharashtra with the name FICS Consultancy Services Limited. In May 2015, its name was changed to what it is today. It is a Systemically Important Non-Deposit Taking Non-Banking Financial Company (SI-ND-NBFC).

  This company is a  wholesale finance NBFC and it provides integrated financial solutions to real estate developers with a focus on residential project financing such as funding real estate developers at various stages in the life cycle of a real estate project. They have commenced lending to real estate developers in 2014 and their clients are located in Mumbai, Pune, Bengaluru, Chennai, Hyderabad, NCR, and Kolkata. For Fiscal 2018, their loan book stood at ₹ 73,388.8 million as compared to ₹ 56,581.5 million as of Fiscal 2017. They are involved in providing secured and unsecured lending to the real estate developers.

   Their product portfolio consists of project finance, loans against property, loans against shares, the project at early stage loans and loans against land.

The object of the NCD Issue

The following are the objects of the JM Financial NCD issue:-

  • For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company- At least 75%
  • General Corporate Purposes- Maximum up to 25%
JM Financial NCD Issue Details
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Opens 20-Nov-2018
Issue Closes 20-Dec-2018
Coupon/Interest Rate 10.25%
Face Value Rs 1,000/- per NCD
Issue Size Rs 1,250 Crores
Minimum Order 10 NCD (Rs 10,000/-)
Listing BSE
Rating of JM Financial NCD Issue
  •    ICRA: [ICRA] AA/Stable
  •    India Ratings: IND AA/Stable
Maturity and Redemption

The company is offering a variety of maturity tenures and redemption options depending on the choice of investor. Please go through the prospectus of the company and contact the registered investment advisor for further details.

Company Contact Details

Address: 7th Floor, Cnergy, Appasaheb Marathe Marg Prabhadevi, Mumbai 400025, Maharashtra, India

Telephone: +91-02266303030, Fax: +91-02266303223,

Website: www.jmfinancialcreditsolutions.com,

Email: investorrelations.csl@jmfl.com

Lead Managers
  1. A. K. Capital Services Limited
  2. JM Financial Limited
  3. Edelweiss Financial Services Limited
  4. Trust Investment Advisors Private Limited
Registrar

Karvy Computershare Private Limited

Karvy Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad 500032, Telephone: +91-4067162222, Fax: +91-4023431551, Email: jmfs.ncd@karvy.com

Debenture Trustee

IDBI Trusteeship Services Limited

Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai 400001
Telephone: +91-2240807000, Fax: +91-2266311776, Email: itsl@idbitrustee.com

Tags: #debenture #nonconvertible debenture #bond #Investment

 

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