JM Financial Products NCD 2019 – Coupon Rate, Dates, Issue Prospectus

JM Financial Products NCD 2019

JM Financial Products Limited, a Mumbai based Non-Banking Financial Company (NBFC) engaged in offering secured and unsecured loan products, issuing the NCD (Non-Convertible Debentures). The company targets to raise a capital of up to Rs 2,000 crore through the tranche-1 issue. JM Financial Products NCD 2019 opens for investment on 22nd April 2019 and closes on 21st May 2019. The non-convertible debentures of face value Rs 1,000 each will be offered to investors during this issue. The company is offering a coupon rate (rate of interest) of up to 10.51% on investment.

About JM Financial Products Limited

JM Financial Products Limited was incorporated in the year 1984 in Mumbai. It is is a Systemically Important Non – Deposit Taking NBFC (NBFC-ND-SI) registered with the Reserve Bank of India (RBI). This company focuses on offering secured and unsecured loan products to corporates, SMEs and individuals. It operates broadly in 4 verticals – fixed-income division (structured financing), fixed income division (real estate financing), capital market financing and SME financing. 

It offers unsecured loans to customers on the basis of their creditworthiness.  It has also ventured into real estate broking business under the brand name “Dwello”. JM Financial Products Ltd, through Dwello, operates primarily in the residential real estate segment and assists buyers during all the stages of their real estate buying cycle. The company has also entered in the housing finance business through its Subsidiary named JMFHL. JMFHL has been granted the license to operate as a housing finance company by the National Housing Bank of India in the year 2018. In the housing finance business, it focuses to provide home loans to retail customer with a focus on the affordable housing segment.

This company is promoted by JM Financial Limited.

JM Financial Products NCD 2019 – Issue Details
Issue Type Secured Unsecured Non-Convertible Debentures
Issuer Company JM Financial Products Limited
Issue Opens 22nd April 2019
Issue Closes 21st May 2019
Coupon Rate (ROI) Up to 10.51%
Face Value Rs 1,000
Issue Price Rs 1,000
Minimum Order Quantity 10 NCD (Rs 10,000)
Issue Size Up to Rs 2,000 Crores
Listing  BSE
Listing Date Within 6 Working Days of Issue Closing Date
JM Financial Products NCD 2019 – Objects of the Issue

The following are the objectives of this upcoming NCD Issue by JM Financial Products Limited:-

  1. For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of
    existing borrowings of our company. A minimum of 75% of the net proceeds will be utilized here.
  2. General corporate purposes. Up to 25% of the net proceeds will be utilized here.
Rating of JM Financial Products NCD 2019

Following ratings have been given to the Tranche-1 issue of JM Financial Products Limited:-

  1. ICRA Limited: [ICRA] AA / (Outlook) Stable
  2. CRISIL: CRISIL AA / (Outlook) Stable
JM Financial Products Limited – Company Contact Details

Registered and Corporate Office: 7th Floor, Cnergy, Appasaheb Marathe Marg Prabhadevi, Mumbai – 400025.

Telephone: +91-22-66303030

Website: www.jmfinancialproducts.com

JM Financial Products NCD 2019 – Lead Manager to the Issue

Following are the lead managers to this JM Financial Products Limited NCD Issue:-

  1. A. K. Capital Services Limited
  2. JM Financial Limited
  3. Trust Investment Advisors Private Limited
JM Financial NCD 2019 – Registrar to the Issue

The following is the registrar to this JM Financial Products Limited NCD Issue:-

Karvy Fintech Private Limited

JM Financial Products NCD 2019 – Debenture Trustee

IDBI Trusteeship Services Limited

Issue Documents
  1. Tranche-1 Issue Prospectus of JM Financial Products NCD.
  2. Shelf Prospectus of JM Financial Products NCD.

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

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Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #JM Financial Products NCD 2019 #JM FInancial Products Limited

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