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JM Financial Products Ltd (JMFPL) is a “Systemically Important Non – Deposit Taking NBFC” (NBFCND-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.

Company recorded total revenue of Rs. 529.2 crore, Rs. 702.5 crore, Rs. 559.5 crore, Rs. 706.4 crore, Rs. 907.9 crore and Rs. 730.3 crore, in Fiscal 2014, Fiscal 2015, Fiscal 2016, Fiscal 2017, Fiscal 2018 and in the nine months period ended December 31, 2018, respectively. Its total revenue increased at a CAGR of 14.4% from Fiscal 2014 to Fiscal 2018.

Compnay recorded profit after tax of Rs. 134.8 crore, Rs. 188.3 crore, Rs. 167.4 crore, Rs. 197.2 crore, Rs. 212.9 crore and Rs. 158.5 crore, in Fiscal 2014, Fiscal 2015, Fiscal 2016, Fiscal 2018, Fiscal 2018 and in nine months ended December 31,2018 respectively. Its profit after tax increased at a CAGR of 12.1% from Fiscal 2014 to Fiscal 2018.

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: Tuesday, Aug 06, 2019
Issue Closes: Wednesday, Sep 04, 2019
Coupon Rate 10.30% p.a *
Issue Size Base Issue of Rs. 100 crores with an option to retain oversubscription up to Rs. 400 crores aggregating up to Rs. 500 crores (“Tranche II Issue Limit”) which is within the Shelf Limit of Rs. 2,000 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 In Dematerialised Form
QIB 10% of issue size
Non Institutional 10% of issue size
HNI 40% of issue size
Retail Individual 40% of issue size
Listing NSE and BSE
Depositories NSDL & CDSL
Registrar Karvy Fintech Private Limited
Book Running Lead Managers A. K. Capital Services Ltd., JM Financial Ltd. & Trust Investment Advisors Private Ltd.
* Highest yield


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