Thursday, September 23, 2021

8.30% JM Financial NCD September 2021 Date, Rating & Interest Rates

JM Financial Products Limited is one of NBFC authorized by RBI. The company was incorporated in 1984. They are 99.45% subsidiary of the parent company JM Financial Ltd. They offer different financing options to the corporate, SMEs, institutions and individuals.

Their verticals are:

  • Bespoke Financing
  • Real Estate Financing
  • Retail Mortgage Financing
  • Financial Institution Financing

JM Financial has a rating of ICRA AA/Stable by ICRA and CRISIL AA/Stable by CRISIL. JM Financial Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on 23 September 2021. JM Financial will offer 8.30% interest rates on the NCDs. The NCDs tenure is for 39, 60 and 100 Months.

JM Financial

JM Financial NCD Issue Details

 NCD Issue Open 23 September 2021
 NCD Issue Close 14 October 2021
 NCD Issue Size Base: 100 Cr. | Shelf: 400 Cr.
 Price Band ₹1000 per NCD
 Interest Rate Upto 8.30% ** (Annually)
 Minimum Investment 10 Bonds (₹1,000)
 Maximum Investment 1,000 Bonds (₹10,00,000)
 Listing on
 BSE Platform

JM Financial NCD Issue Rating

  • ICRA Ratings: AA/Stable
  • CRISIL Ratings: AA/Stable

JM Financial NCD Issue Listing

  • NCD Bonds will be list on BSE.

JM Financial NCD Issue Promoters

  • JM Financial Limited

How to Apply JM Financial NCD Issue?

You can apply from your existing demat account online and offline. You can apply via downloading 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.

JM Financial NCD (September 2021) Issue Tenure & Interest Rates

  Series 1 Series 2 Series 3 Series 4
Payment Annual Annual Monthly Annual
Nature Secured
Tenor 39 Month 60 Month 60 Month 100 Month
Coupon Rate 91-day T-bill* + 315 bps spread 8.20% 7.91% 8.30%

JM Financial NCD Lead Manager

  • Equirus Capital Private Limited
  • JM Financial Consultants Private Limited

JM Financial NCD Allotment Status

  • JM Financial NCD issue allotment available on KFintech

NCD Registrar

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000

Company Information

JM Financial Products Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg Prabhadevi,
Mumbai, Maharashtra 400 025, India
Phone: (+91 22) 6630 3030

JM Financial NCD FAQs:

When is JM Financial NCD Open?
JM Financial NCD to open on September 23 and closes on October 14, 2021.

What is JM Financial NCD Price?
The company has fixed the price at ₹1000 per NCD.

What is JM Financial NCD Issue Size?
The NCD issue size is ₹100 crores.

On Which platform the JM Financial NCD will list?
JM Financial NCD will list on BSE Platform.

How to apply for JM Financial NCD?
You can apply from your existing demat account online and offline.