NCD: JM Financial Products Ltd.
Issuer JM Financial Products Limited
Issue Size Public issue by the Company of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of the face value of Rs. 1000 each and/or Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures of the face value of Rs. 1,000 each, for an amount aggregating up to Rs. 300 Cr. (Shelf Limit) pursuant to the Shelf Prospectus
The issue opens February 13,2020
The issue closes March 9, 2020
Allotment First Come First Serve
BasisFace Value Rs.1000 per NCD
Issue Price Rs.1000 per NCD
NCDNature of Instrument Secured, Rated, Listed, Redeemable NCDsMinimum
Application Rs.10,000 (10 NCD)
Minimum Application Rs. 10,000 (10 NCD) and in multiples of Rs.1000 (1 NCD) thereafter
Stock Exchange for Listing BSE
Credit Rating '(ICRA) AA by ICRA and ''CRISIL AA/STABLE''
Application Mode Compulsorily ASBA
Mode of Allotment and Trading In dematerialized form only
Deemed Date of Allotment The date on which the Allotment Committee of the Board approves the Allotment of the SecuredNCDs for the Tranche III Issue or such date as may be determined by the Board of Directors or the NCD Public Issue Committee of the Board and notified to the Designated Stock Exchange. The actual Allotment of Secured NCDs may take place on a date other than the Deemed Date of Allotment. All benefits relating to the Secured NCDs including interest on Secured NCDs shall be available to the Debenture holders from the Deemed Date of Allotment.
Record Date The Record Date for payment of interest in connection with the Secured NCDs or repayment of principal in connection therewith shall be 15 days prior to the date of payment of interest, is due and payable, and/or the Redemption Date and/or such other date as may be determined by the Board of Directors/NCD Public Issue Committee from time to time in accordance with the applicable law. In case of redemption of Secured NCDs, the trading in the Secured NCDs shall remain suspended between the Record Date and the Redemption Date. In case the Record Date falls on a day when the Stock Exchange is having a trading holiday, the immediate subsequent trading day or a date notified by the Company to the Stock Exchange will be deemed as the Record Date. Interest shall be computed on an actual/actual basis i.e. on the principal outstanding on the NCDs as per the SEBI Circularbearing no. CIR/IMD/DF-1/122/2016 dated November 11, 2016.
Registrar: KFinTechnologies Private Limited (formerly known as Karvy Fintech Pvt. Ltd.)
Issue: This Tranche III Issue is for Secured NCDs with a Base Issue size of an amount up to Rs. 100 crores, with an option to retain oversubscription up to Rs. 200 crores aggregating up to Rs300 crores which are within the Shelf Limit.
Company Profile:
JM Financial Products Ltd. (JMFPL) is the Non-Banking Finance Company (NBFC) of the JM Financial Group. It is a non-deposit accepting non-banking finance company registered with the Reserve Bank of India. The company enjoys the highest short-term credit rating of A1+ from CRISIL
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