JM Fin Prod Tranche-III NCD issue review.

JM Fin Prod Tranche-III NCD issue review.

JM Financial is one of India’s prominent financial services groups, specializing in providing a spectrum of businesses to corporations, financial institutions, high net-worth individuals and retail investors. We are known for our diverse businesses which comprise of

(a) Investment Banking, Wealth Management and Securities (IWS) which includes fee and fund based activities for our clients

(b) Mortgage Lending which includes both wholesale mortgage lending and retail mortgage lending (home loans, education institutions lending and LAP)

(c) Distressed credit which includes the Asset Reconstruction business

(d) Asset Management which includes the mutual fund business.

We have pioneered several strategies and transactions for a wide client base spread across geographies and thus developed rich experience and expertise. Every idea is unique to the need of the client and supported by superior execution to deliver maximum benefits. In the course of our journey, we have partnered with several top Indian and International corporate houses and gained their trust and confidence. Our well-established processes ensure total confidentiality for all our clients, thereby giving them absolute confidence in conflict management and maintenance of confidentiality.

We are a skilled team of professionals who bring varied talents, knowledge, and experience to the workplace, contributing greatly to the growth of our businesses. Our group is proud to have won several national and international accolades for our insightful advice and execution skills. We are driven to give back to society by supporting causes related to education, health care, skill development, entrepreneurship promotion, disaster relief, and animal welfare.

JM Financial NCD Feb 2020 Detail

Issue Open Feb 13, 2020 - Mar 9, 2020

Security Name JM Financial Products Ltd

Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)

Issue Size (Base) Rs 100.00 Crores

Issue Size (Shelf) Rs 2,000.00 Crores

Issue Price Rs 1000 per NCD

Face Value Rs 1000 each NCD

Minimum Lot size 10 NCD

Market Lot 1 NCD

Listing At BSE

Credit Rating ICRA AA/Stable, CRISIL AA/Stable

Tenor 24 months/ 40 months/ 60 months/ 120 months

Series I to Series X

Payment Frequency: Annual, Cumulative and Monthly

Basis of Allotment: First Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category  NCD's Allocated

Category 1 (QIB) 10%

Category 2 (NII) 10%

Category 3 (HNI) 40%

Category 4 (RII) 40%

NCD's Offered

NCD's offered in each investor category:

Category NCD's Reserved

Category 1 (QIB) 100,000

Category 2 (NII) 100,000

Category 3 (HNI) 400,000

Category 4 (RII) 400,000

Total NCD's 1,000,000

NCD Rating Detail

ICRA = AA by ICRA 

CRISIL AA/STABLE" 

Company Promoters

JM Financial Limited is the promoter of the company.

Objects of the Issue:

The following objects of the Issue and the amount proposed to be financed from the Net Proceeds:

Company Contact Information

JM Financial Products Ltd

7th Floor, Cnergy,

Appasaheb Marathe Marg Prabhadevi,

Mumbai, Maharashtra 400 025, India

Phone: (+91 22) 6630 3030

Email: investorrelations.products@jmfl.com

Website: https://jmfinancialproducts.com/

JM Financial NCD Feb 2020 Registrar

Karvy Computershare Private Limited

Karvy Registry House, 8-2-596, St. No. 1,

Banjara Hills, Hyderabad - 500 034

Andhra Pradesh, India

Phone: +91-40-23312454

Email: jmfpl.ncd1@karvy.com

Website: https://karisma.karvy.com/

JM Financial NCD Feb 2020 Lead Manager(s)

A.K. Capital Services Limited

JM Financial Consultants Private Limited

Trust Investment Advisors Private Limited

Lead Manager Reports

JM Financial NCD Feb 2020 Rating

*** 3 stars out of 5 stars.

Conclusion :

Apply for the long term.

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