JM Financial Credit SolutionsPublic issue by JM Financial Credit Solutions Limited (JM Financial NCD) by the way of this tranche-1 of Secured, rated, listed redeemable non-convertible debentures (NCDs) for a face value of Rs 1,000 each, for an amount up to Rs. 300 Cr (base issue size) with an option to retain over subscription up to Rs. 450 Cr aggregating up to Rs.750 Cr (trench-I issue) which is within the self limit of Rs. 2000 Cr is scheduled From May 28, 2018 – June 20, 2018.

Investors can get all important information as Price, Date, Prospectus, Credit Rating, Listing, Maturity, allocation ratio, allotment status, subscription details, application form, Lead Managers and trustee of the Issue.

Summary Of Issue:

Issue Open:- May 28, 2018 – June 20, 2018
Sector NBFC
Interest Rate on NCDs up to 9.74%
Issue Size (Value) Rs. 300 Cr (base issue size) with an option to retain over subscription up to Rs. 450 Cr aggregating up to Rs.750 Cr (trench-I issue) which is within the self limit of Rs. 2000 Cr
Issue Price Rs. 1,000 Per NCD
Face Value Rs. 1,000 Per NCD
Minimum Application size Rs 10,000 (10 NCDs) and in multiple of Rs 1,000 thereafter.
Nature of Instrument Secured, rated, listed redeemable non-convertible debentures
Credit Ratings “ICRA AA/stable” by ICRA & “IND AA/stable” by India Ratings
Listing At BSE
Basis of Allotment “First come First Serve” Basis
Mode of Issue Only in demat Form
Trading Mode of Instrument In Dematerialized Form

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Specific Terms of JM Financial Credit Solutions NCD

JM Financial credit solutions Ltd NCD

JM Financial Credit Solutions NCD Allocation Ratio

Category Size
QIB Portion  20% of the Overall Issue Size
Non Institutional Portion  20% of the Overall Issue Size
HNI Portion  30% of the Overall Issue Size
Retail Individual Investor  30% of the Overall Issue Size

*The Tranche I Issue shall remain open for subscription on Working Days from 10:00 a.m. to 5:00 p.m., during the period indicated in the relevant Tranche Prospectus, except that the Tranche I may close on such earlier date or extended date as may be decided by the Board of Directors of our Company (“Board”) or the NCD Public Issue Committee. In the event of such an early closure of or extension subscription list of the Tranche I Issue, Company shall ensure that notice of such early closure or extension is given to the prospective investors through an advertisement in a reputed national daily newspaper with wide circulation on or before such earlier date or extended date of closure.


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Download “JM Financial Credit Solutions Limited NCD” Application Form


 Lead Managers To The Issue:-

  1. JM Financials Limited
  2. A.K. CAPITAL SERVICES LTD
  3. Edelweiss Financial Services Limited
  4. Trust Investment Advisors Private Limited

Registrar To The Issue:-

Karvy Computershare Private Limited

Karvy Selenium Tower B,

Plot 31-32, Financial District, Nanakramguda, Gachibowli, Hyderabad – 500 032

Tel: +91 40 6716 2222

Fax: +91 40 2343 1551

Email: jmfs.ncd@karvy.com

Investor Grievance Email: einward.ris@karvy.com

Website: www.karisma.karvy.com

Contact Person: Mr. M Murali Krishna

Compliance Officer: Mr. Rakesh Santhalia

SEBI Regn. No: INR000000221

 

Debenture Trustee To The Issue:-

IDBI Trusteeship Services Limited**

Asian Building, Ground Floor, 17,

R. Kamani Marg, Ballard Estate, Mumbai 400 001

Tel: (+91 22) 4080 7000

Fax: (+91 22) 6631 1776

Email: itsl@idbitrustee.com

Investor Grievance Email: response@idbitrustee.com

Website: www.idbitrustee.com

Contact Person: Ms. Swapnali Hirlekar / Mr. Amit Mantri

SEBI Registration No.: IND000000460

 

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