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JM Financial Credit Solutions Limited is a Systemically Important Non - Deposit taking Non - Banking Financial Company (“NBFC ND - SI”) forming part of the JM Financial group.

The Company is a wholesale finance NBFC and provides integrated financial solutions to real estate developers with a focus on residential project financing such as funding real estate developers at various stages in the life cycle of a real estate project.

They commenced lending to real estate developers in 2014 and the clients are located in Mumbai, Pune, Bengaluru, Chennai, Hyderabad, NCR and Kolkata. For the Fiscal 2018, the loan book stood at Rs.73,388.8 million as compared to Rs.56,581.5 million as of Fiscal 2017.

JM Financial Credit Solutions Limited NCD - Issue Details:

Issuer JM Financial Credit Solutions Limited (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Tuesday, November 20, 2018
Issue Closes: Thursday, December 20, 2018
Coupon Rate 10.25% p.a *
Tranche II Issue This Tranche II Issue is for Secured NCDs with a base issue size of an amount up to Rs.2,500 million, with an option to retain oversubscription up to Rs.10,000 million, aggregating up to Rs.12,500 million which is within the Shelf Limit
Face Value Rs.1,000 per NCD
Minimum Application Size Rs.10,000 (10 NCDs) and in multiple of Rs.1,000 (1 NCD) thereafter across all Series
Credit Rating ICRA - AA/Stable & India Ratings - AA/Stable
Mode of Allotment and Trading 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 Computershare Private Limited
Book Running Lead Managers A. K. Capital, JM Financial, Edelweiss Financial
* Highest yield


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