JM Financial NCD Bonds 2021 Issue Date, Rating & Interest Rates

JM Financial NCD

JM Financial NCD Bonds 2021 are Open on 23 September 2021 and to close on 14 October 2021. The Company will offer 8.30% interest rates on the NCD Bonds. And NCD tenure will be applicable for 39 months, 60 months, 100 months. The company will raise a fund of 500 crores through this NCD, the company has fixed the NCD price band at 1000 for this according to the face value of 1000.

JM Financial Home Loans Limited, a subsidiary of the Company is registered with National Housing Bank (NHB) and is in the business of affordable housing and education institutions lending. We have also ventured into a technology-backed real estate consultancy service – ‘Dwello’ wherein, we assist the buyers in various stages of their home purchase transactions. The Company is also into trading and syndication for fixed income paper. We have set up the ‘Institutional Fixed Income’ division to expand our debt syndication capabilities.

Read also: Upcoming IPO List 2021

JM Financial Products Limited is a Systematically Important Non-Deposit Taking NBFC (NBFC-ND-SI) registered with the Reserve Bank of India. Its short-term borrowings are rated A1+ and long-term borrowings are rated AA / with Stable Outlook by ICRA Limited and CRISIL Limited. We are focused on offering a broad suite of loan products that are customized to suit the needs of corporates, SMEs, and individuals. It broadly operates under five verticals viz. (i) Capital Market Financing; (ii) Retail Mortgage Financing; (iii) Structured Financing; (iv) Financial Institution Financing and (v) Real Estate Financing.

JM Financial NCD Review :

Apply Long Term

JM Financial NCD Security Name :

JM Financial Products Limited

JM Financial NCD Security Type :

Secured, rated, listed, redeemable, non-convertible debentures (Secured NCDs)

JM Financial NCD Ratings

AgencyRating
CRISILAA/Stable
ICRAAA/Stable

JM Financial NCD Bonds Issue Details

Issue Open23 September 2021
Issue Close14 October 2021
Issue Base Size₹100 Cr.
Issue Shelf Size₹400 Cr.
Price Band₹1000 Per NCD
Face Value₹1000 Each NCD
Interest Rate8.30% Annual
Listing on BSE  Platform
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JM Financial NCD Market Lot

Market Lot :1 Lot
Minimum Lot size :10 NCD
Minimum Investment :₹10,000

JM Financial NCD Bond Issue Tenure & Interest Rates

SR1234
Tenure39 Month60 Month60 Month100 Month
NatureSecuredSecuredSecuredSecured
InterestAnnualAnnualMonthlyAnnual
Coupon Rate91-day T-bill*
315 bps spread
8.20%7.91%8.30%
Effective YieldNIL8.19%8.20%8.30%
Maturity1000100010001000
Groww referal

About JM Financial Company

Our Company is a Systemically Important Non-Deposit taking NBFC Register with the Reserve Bank of India and operates under the JM Financial franchise. Incorporated as J M lease Consultants Private Limited on July 10, 1984, our 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.

We are focused on offering a broad suite of loan products that are customized to suit the needs of corporates, institutions, SMEs, and individuals. Our Company broadly operates under the following verticals viz. (i) Bespoke financing; (ii) Real estate financing; (iii) Capital market financing; (iv) Retail mortgage financing; and (v) Financial institution financing.

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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, another secured lending, and syndication.

Real estate financing – Our real estate financing segment includes loans against the land, loans against projects
at an early stage, project funding, loan against ready residential/commercial property, and loans against
shares.

Capital market financing – Our 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, our Company offers home loans, education institutions loans, and loans against property. Loans under this segment are primarily provided against the collateral of property and receivables.

Financial institution financing – Under this segment, our 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 as acceptable to our Company.

Read also: All Upcoming IPO Grey Market Premium 2021

we have ventured into a digital-led real estate broking/consulting business under the brand name ³DZello´. OXO Company, through Dwello, operates primarily in the residential real estate segment and assists buyers during all the stages of their real estate buying cycle. Further, we have entered the housing finance business through our Subsidiary, JMFHL. JMFHL has been granted a license to operate as a housing finance company by the National Housing Bank of India in Fiscal 2018.

The focus of our housing finance business would be to provide home loans to retail customers with a focus on the affordable housing segment. We have also entered into the institutional fixed income business. The focus of the business is on mobilizing debt capital for corporates by way of distribution to various investor segments, sales, and distribution in secondary bond markets and credit research.

Company Promoters :

■ Mr. V P Shetty

JM Financial Board of Directors

NameDesignation
Mr. V P ShettyNon-executive Chairman
Mr. E A KshirsagarIndependent Director
Mr. Dhirendra SinghIndependent Director
Ms. Roshini BakshiIndependent Director
Mr. Atul MehraNon-Executive Director
Mr. Subodh ShinkarNon-Executive Director
Mr. Vishal KampaniManaging Director

Quick Link :

RHP Draft Prospectus

JM Financial IPO Lead Managers :

■ Equirus Capital Private Limited
■ JM Financial Consultants Private Limited

JM Financial Debenture Trustee :

IDBI Trusteeship Services Limited
Asian Building, Ground Floor,
17, R. Kamani Marg, Ballard Estate,
Mumbai 400 001
Tel: (+91 22) 4080 7000
Fax: 6631 1776 / 4080 7080
Email: [email protected]; [email protected]; [email protected]
Investor Grievance Email: [email protected]
Website: www.idbitrustee.com

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JM Financial NCD IPO Registrar :

KFin Technologies Private Limited
(Formerly known as Karvy Fintech Private Limited)
Selenium Tower B,
Plot No- 31 and 32, Financial District
Nanakramguda, Serilingampally,
Hyderabad, Rangareddi 500 032,
Telangana, India
CIN: U72400TG2017PTC117649
Tel: (+91 40) 6716 2222
Fax: (+91 40) 2343 1551
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.kfintech.com

Company Address :

JM Financial Products Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg Prabhadevi,
Mumbai,
Maharashtra 400 025, India
Tel: (+91 22) 6630 3030
Fax: (+91 22) 6630 3223
Website: www.jmfinancialproducts.com
Email: [email protected]

JM Financial NCD FAQs:

What is JM Financial NCD?
JM Financial NCD is Security Bond.

When JM Financial NCD will open?
The JM Financial NCD is to open on 23 Sep 2021 – 14 Octo 2021.

What is the JM Financial NCD Size?
JM Financial NCD size is ₹500 Crores.

What is the issue Shelf size of JM Financial NCD?
The Fresh issue size of JM Financial NCD ₹400 Cr.

What is JM Financial NCD Price Band?
JM Financial NCD Price Band is ₹1000 Per NCD.

What is JM Financial NCD Minimum Lot Size?
The JM Financial NCD Minimum Lot Size 10.

What is JM Financial NCD Interest Rate?
The JM Financial NCD Interest Rate is 8.30% Annual.

What is the JM Financial NCD Allotment Date?
JM Financial NCD allotment date is Not Declare.

What is JM Financial NCD Listing Date?
JM Financial NCD listing date is Not Declare. The IPO to list on BSE Platform.

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JM Financial NCD Bonds 2021 Issue Date, Rating & Interest Rates
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