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JM Financial Products Ltd (JMFPL) is a “Systemically Important Non – Deposit Taking NBFC” (NBFC-ND-SI) registered with the Reserve Bank of India and operates as the flagship company under the “JM Financial” brand. Incorporated as J.M. Lease Consultants Private Limited on July 10, 1984, Company has broadened its services from lease syndication and vehicle leasing to offering financial solutions through lending, syndication, participation in lending for securities issuance and distribution.

JMFPL is focused on offering a broad suite of secured and unsecured loan products which are customized to suit the needs of the corporates, SMEs and individuals. JMFPL broadly operates under four verticals viz. (i) fixed income division (structured financing) (“FID (structured financing)”); (ii) fixed income division (real estate financing) (“FID (real estate financing)”); (iii) capital market financing; and (iv) SME financing.

Gross NPAs were 0.4%,1.4%,0.6%,0.1%,0.3% and 0.3% of its gross loan book as of March 31, 2014, 2015, 2016, 2017, 2018 and December 31, 2018, respectively, while Net NPAs were 0.2%,1.1%,0.4%,0.0%,0.2% and 0.2% of its net advances as of such dates.

JM Financial Products Limited NCD - Issue Details:

Issuer JM Financial Products Limited (View Report)
Issue Type Secured Rated Listed Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, April 22, 2019
Issue Closes: Tuesday, May 21, 2019
Coupon Rate 10.50% p.a *
Issue Size Base Issue of Rs. 200 Crores with an option to retain oversubscription up to Rs. 800 Crores aggregating upto Tranche I Issue Size of Rs. 1,000 Crores
Face Value Rs. 1,000 per NCD
Minimum Application Size 10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
Credit Rating “[ICRA] AA by ICRA” and “CRISIL AA/STABLE” by CRISIL
Mode of Allotment & Trading Traded compulsorily in Dematerialised Form
QIB 10% of issue size
Corporate 10% of issue size
HNI 40% of issue size
Retail Individual 40% of issue size
Listing BSE
Depositories NSDL & CDSL
Registrar Karvy Fintech Private Limited (formerly known as Karvy Computershare Pvt Limited)
Book Running Lead Managers A. K. Capital, JM Financial and Trust Investment Advisors
* Highest yield


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