JM Financial NCD 2019: JM Financial Products Limited plans to raise Rs 2,000 crore via issue of non-convertible debentures of face value Rs 1,000. For the NCD issue, it has recently filed the draft papers with SEBI. The draft paper for JM Financial NCD 2019 was filed with regulatory authority on February 1st 2019. The issue dates, coupon rate and minimum investment will be announced later on final placement. JM Financial Products Limited is a Mumbai-based systematically important non-deposit taking NBFC (Non-Banking Financial Company).
JM Financial NCD 2019 – Important Points
There are following notable points inferred from the draft paper filed by the company for JM Financial NCD 2019:-
- Type of Issue: Secured, rated, listed, redeemable NCDs (Non-Convertible Debentures)
- Face Value: Rs 1,000 Per NCD
- Issue Opens: To be announced.
- Issue Opens: To be announced.
- Coupon Rate (ROI): Will be announced in tranche issue.
- Minimum Investment: Will be announced in tranche issue.
- Listing: BSE (Bombay Stock Exchange)
- Depositories: NSDL, CDSL
JM Financial NCD 2019 – Objects of the NCD Issue
The company has the objectives to issue the NCD in order to raise the capital. Following are the main objects of this JM Financial NCD 2019 issue:-
- To meet the requirement of further lending by the company, financing and repayment of liabilities. At least 75% of the raised capital, after deducting the issue expenses, will be utilized for this purpose.
- To meet the expenditures on general corporate purposes. A maximum of 25% of the raised capital, after deducting the issue expenses, will be utilized for this purpose.
JM Financial NCD 2019 – Credit Rating
- ICRA Limited has provided its rating as ICRA AA / (Outlook) Stable
- CRISIL an S&P Global Company has given the rating as CRISIL AA / (Outlook) Stable
About JM Financial Products Limited
JM Financial Products Limited, incorporated in the year 1984, is an RBI registered Systematically Important, Non-Deposit Taking, Non-Banking Financial Compay (SI-ND-NBFC). It operates with the brand name JM Financial. This company offers products such as secured and unsecured loans to its clients. It focuses primarily on clients such as corporates SMEs, and individuals. All the services of this company are categorized into three categories:-
- Structured Financing: This is the wholesale financing part of the company where it offers structured lending services to the corporate clients against some collateral.
- Real Estate Financing: Under this segment, the company offers loan against the land, loan against the project at the early stage, loan against properties.,
- Capital Market Financing: This segment includes loans against securities, margin trade financing, arbitrage, buy now sell later, broker financing etc.
- Small and Medium Enterprise (SME) Financing: It provides loans for various purposes like institutional finance, project finance, working capital finance to SMEs.
The company is also engaged in the real estate broking with the brand name Dwello. Through this segment, it operates in the residential real estate sector where it assists buyers of real estate properties. The company has also entered into housing finance business through its subsidiary company JMFHL. The company is promoted by JM Financial Limited which is a leading financial services company in India.
Registered & Corporate Address: 7th Floor, Cnergy, Appasaheb Marathe Marg Prabhadevi, Mumbai – 400 025.
Telephone: +91 – 22 – 6630 3030
Website: www.jmfinancialproducts.com
JM Financial NCD 2019 – Lead Managers to the Issue
- A. K. Capital Services Limited
- JM Financial Limited
- Trust Investment Advisors Private Limited
JM Financial NCD 2019 – Registrar to the Issues
JM Financial NCD 2019 – Debenture Trustee
IDBI Trusteeship Limited
JM Financial NCD 2019 – Eligible Investors
According to the company, the following are eligible to apply for L&T NCD Issue 2019:-
- Category I Investors: They are institutional investors including scheduled commercial banks, public financial institutions etc.
- Category II Investors: Under this category, non-institutional investors including corporates, societies, cooperative banks, trusts etc are considered.
- Category II Investors: Investors in these categories are known as High Net-Worth Individuals which include resident Indian individuals, HUFs, etc.
- Category IV Investors: This category of investors is known as retail individual investors.
Please go through this draft prospects of JM Financial NCD Issue 2019 for more details.
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 #Upcoming NCD #Upcoming NCD Issues 2019 #JM Financial NCD 2019
