JM Financial Credit Solutions LimitedJM Financial Credit Solutions Limited scheduling its Secured, Rated, Listed Redeemable Non covertible debentures Tranche-II from November 20, 2018 – December 20, 2018 having Base Issue Rs.250 Crore with an option to retain oversubscription up to Rs.1,000 Crore aggregating up to Rs.1,250 Crore being the Residual Shelf Limit.

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 Registrar of the Issue.

Summary Of Issue:

Issuer:- JM Financial Credit Solutions Limited
Issue Open November 20, 2018 – December 20, 2018
Total issue Size Base Issue Rs.250 Crore with an option to retain oversubscription up to Rs.1,000 Crore aggregating up to Rs.1,250 Crore being the Residual Shelf Limit
Face Value Rs. 1,000 Per NCD
Nature of Instrument Secured, Rated , Listed Redeemable Non-Convertible Debentures
Minimum Application size Rs.10,000/-  ( 10 NCDs) collectively across all the Options/Series and in multiples of Rs.1,000 (1 NCD) thereafter.
Credit Ratings “AA/Stable” by ICRA and India Ratings  instruments with this rating indicates high degree of safety regarding timely servicing of financial obligations)
Listing BSE
Basis of Allotment “First come First Serve” Basis
Mode of Issue Compulsorily in Dematerialised form.

 

Note: In terms of the SEBI circular CIR/DDHS/P/121/2018 dated August 16, 2018, an eligible investor desirous of applying in this Issue can make Applications through the ASBA Mechanism only.


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Specific Terms of JM Financial Credit Solutions NCD – Tranche II

JM Financial NCD - Tranche II


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 Allocation Ratio of JM Financial Credit Solutions NCD – Tranche II: (Category Wise)

Category Size
QIB Portion  10% of the Overall Issue Size i.e (Rs.125 Crore)
Non Institutional Portion  10% of the Overall Issue Size i.e (Rs.125 Crore)
HNI Portion  40% of the Overall Issue Size i.e (Rs.500 Crore)
Retail Individual Investor  40% of the Overall Issue Size i.e (Rs.500 Crore)

 

Eligibility to receive additional incentive

As on every Record Date fixed by the Company for the payment of Coupon/Interest, all the NCD Holders of the Tranche II Issue to whom the NCDs are allotted by the Company on the Deemed Date of Allotment and to whom allotment of NCDs was made by the Company on the Deemed Date of Allotment defined in Tranche II Issue, shall be eligible for receiving additional Coupon/Interest rate amounting to 0.15% p.a., payable over and above the specific Coupon/Interest rate for the Options/Series subscribed in the Tranche II Issue.

The additional incentive will be paid to those NCD Holders who have applied for Options/Series III, IV, V and VI, i.e. Options/Series having tenures of 60 months or 120 months only. Further, the additional incentive would be applicable across all categories of investors. Identification of the above NCD Holders would be conducted by way of their DP identification and/or PAN and/or entries made in the Register of NCD Holders.

To clarify, additional Coupon/Interest will not be paid for the NCDs bought/acquired by the NCD Holders through secondary market/open market.

 

Interest payment Date

Monthly Option: In case Option IV and Option VI for Secured NCDs where interest is to be paid on a monthly basis, relevant interest will be calculated from the first day till the last date of every month during the tenor of such Secured NCDs, and paid on the first day of every subsequent month. For the first interest payment for Secured NCDs under the monthly options, interest from the Deemed Date of Allotment till the last day of the subsequent month will be clubbed and paid on the first day of the month next to that subsequent month.

Annual Option: In case of Option I, Option III and Option V where interest is to be paid on an annual basis, relevant interest will be paid on each anniversary of the Deemed Date of Allotment on the face value of the Secured NCDs.

 

JM Financial Credit SolutionsLtd NCD Subscription details

Category No.of Bonds/NCDs offered/ reserved No. of Bonds bid for No of times subscribed
Category I
Category II
Category III
Category IV
Total

* will be update after issue opening

 

Download JM Financial Credit Solutions Limited Application Form

 


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 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 / Compliance Officer: Ms. Swapnali Hirlekar

SEBI Registration No.: IND000000460

 

 For More Details Contact us 011-42445800 / 9650901058

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