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 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
Email: [email protected]
Website: https://karisma.kfintech.com/
Company Information
JM Financial Products Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg Prabhadevi,
Mumbai, Maharashtra 400 025, India
Phone: (+91 22) 6630 3030
Email: [email protected]
Website: https://jmfinancialproducts.com/
