JM Financial Products Ltd NCD period from Feb 13 to Mar 9:
The JM Financial products NCD period starts On Feb 13. The NCD offered by JM Financial Products Ltd. the company incorporated in 1984. The NCD period will end on 9th March. It was a non-banking financial company.
|Bid period||Feb 13 to Mar 9, 2020|
|Security Name||JM Financial Products Ltd|
|Security Type||Secured, Redeemable, Non-Convertible Debentures|
|NCD Size (Base)||Rs 100 cr|
|NCD Size (Shelf)||Rs 2,000 cr|
|NCD Price||Rs 1,000 cr|
|Face Vale||Rs 1,000 cr|
|Minimum Lot Size||10 NCD|
|Market Lot||1 NCD|
|Credit Rating||ICRA AA/Stable, CRISIL AA/ Stable|
|Tenor||24, 40, 60, 120 months|
|Series||Series I to X|
|payment Frequency||Annual, Cumulative and Monthly|
|Basis of Allotment||First Come First Serve Basis|
The company has planned to raise a base size of Rs 100 cr with an option of retaining up to Rs 2,000 crores. The investor needs to invest a minimum of 10 bonds and in multiples of 1 NCD bond. The Face value of the scheme is Rs 1000 per NCD bond.
It offers different interest rates and tenures of 24 months, 40 months, 60 months, and 120 months. The NCD is available in 10 series. It is listed on the National Stock Exchange. Interest payables are available monthly, Annually, and on Cumulative.
JM Financial Products Ltd Coupon rates:
|Series||Frequency||Tenor||Coupon Rate||Maturity Amount|
|I||Annually||24 Months||9.50%||Rs 1,000|
|II||Cumulative||24 Months||NA||Rs 1,199.02|
|III||Annually||40 Months||9.70%||Rs 1,000|
|IV||Cumulative||40 Months||NA||Rs 1,361.28|
|V||Monthly||40 Months||9.29%||Rs 1,000|
|VI||Annually||60 Months||9.90%||Rs 1,000|
|VII||Cumulative||60 Months||NA||Rs 1,603.20|
|VIII||Monthly||120 Months||9.48%||Rs 1,000|
|IX||Annually||120 Months||10.00%||Rs 1,000|
|X||Monthly||120 Months||9.57%||Rs 1,000|
The ICRA Rating Agency rated as AA- / Stable and CRISIL rated as AA-/ Stable. It will be listed on the National Stock Exchange (NSE).
Disclaimer: This article provides information about the scheme. It does not give any advice or recommendation. Please consult your financial adviser before investing.