Public 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 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.
Download “JM Financial Credit Solutions Limited NCD” Application Form
Lead Managers To The Issue:-
- JM Financials Limited
- A.K. CAPITAL SERVICES LTD
- Edelweiss Financial Services Limited
- 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
For More Details Contact us 011-42445800 / 9650901058
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