JM Financial Products Ltd

JM Financial Products Ltd NCD Details

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. 

NCD Details:

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
Listing At BSE
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. 

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