123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Jm Financial Products Ltd Ncd On 6th Aug – 4th Sep

Profile Picture
By Author: dariya
Total Articles: 349
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

JM Finance NCD August 2019

Non-Convertible debenture issue opened for membership on Tuesday sixth August. This NCD offered by JM Financial Products. It will be shut on fourth September 2019. The NCD raised about Rs 500 crore issue. The JM Financial Products Ltd NCD offered a greatest yield of 10.40%.

The organization has intended to raise a base size of Rs 100 crore with a choice of holding up to Rs 400 crores. One should contribute at least 10 bonds and in products of 1 NCD bond. The Face estimation of the plan is Rs 1000 for every NCD bond.

It offers distinctive financing costs and residencies of 38 months, 60 months, and 84 months. The NCD is accessible in 5 arrangement. It is recorded on BSE and these are fluid ventures. Intrigue payables are accessible month to month, Annually, and on the Maturity base.

The net continues raised from the NCDs will be used for ahead loaning, financing, and reimbursement of intrigue and head of borrowings of the organization. For general corporate purposes.

JM Financial Products Ltd NCD Coupon Rates

Options Category Tenure Interest Payment Coupon ...
... Rate (Interest ) Individuals Effective Yield Maturity Value

I Secured 38 Annual 10.20% 10.21% 1,000

II 38 Cumulative NA 10.20% 1,360

III 60 Annual 10.30% 10.29% 1,000

IV 60 Monthly 9.85% 10.30% 1,000

V 84 Cumulative NA 10.40% 2,000

NCD Offered

Qualified Institutional Buyers – 10%

Non-Institutional Investors – 10%

High Net Worth Individuals – 40%

Retail Investors – 40%

Non-Residential Indians are not qualified for this plan.

The NCDs have been appraised as AA/stable by CRISIL and AA by ICRA. JM Financial NCD will be overseen by AK Capital Services, JM Financials and Trust Investment Advisors.

Disclaimer: This post is only data about the plan. It doesn't offer any guidance or proposal. If it's not too much trouble read the offer report cautiously before contributing.

Total Views: 148Word Count: 304See All articles From Author

Add Comment

Business Articles

1. Biaxially Oriented Polyethylene Terephthalate (bopet) Film Market Is Expected To Reach $38.5 Billion By 2028
Author: Lucintel LLC

2. The Global Battery Sensor Market Is Expected To Grow At A Cagr Of 11% By 2025
Author: Lucintel LLC

3. What Is The Role Of Artificial Intelligence In Industry Automation?
Author: Invensys

4. What Is The Most Important Part To Start A Service Base Business?
Author: Subho Chowdhry

5. What Are The Expectations Of Business Owners While Creating A Website?
Author: Subho Chowdhry

6. Difference Between Butterfly Valve And Ball Valve
Author: Dchel Valves

7. Tips To Improving Business Through Successful Sap Integrated Business Planning (ibp) Services In Ger
Author: Priyanka Verma

8. Explore All About Knuckle Joint Presses
Author: Sharma Presses

9. Learn About Several Types Of Round Bars
Author: Nippon Alloys Inc

10. Ultimate Guide To Devops 2023 For Your Business
Author: William Davis

11. Frp Pipe Properties And Advantages
Author: frp grp

12. The Global Crankshaft Position Sensor Market Is Expected To Grow At A Cagr Of 8% By 2025
Author: Lucintel LLC

13. Metal Manufacturing And Furnaces
Author: Neel Rao

14. The Power Of Kalsarp Dosh Puja At Trimbakeshwar: A Gateway To Overcoming Obstacles
Author: Raviguruji8888

15. Manufacturers And Distributors Of Numerous Types Of Valves
Author: ridhiman alloys

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: