JM Financial Credit Solutions Limited Profile
JM Financial is known to be one of India’s leading financial services groups. JM Financial group emphases in providing a range of businesses to corporations, financial institutions, high net-worth individuals and retail investors. They are known for diverse businesses such as Wealth Management, Investment Banking, Equity, Debt, Commodity Sales and Trading, Portfolio Management Services, Asset Management, Alternative Asset Management, Financing and Lending, Housing Finance and Distressed Asset Management.
They have founded numerous schemes and transactions for a comprehensive client base spread across geographies and accordingly advanced rich experience and proficiency. Each concept is specific to the want of the client and supported by way of advanced execution to supply maximum advantages. They have partnered with several top Indian and International corporate houses and gained their trust and confidence. Their properly-installed procedures make certain overall confidentiality for all customers, thereby giving them no doubt on struggle management and keep of confidentiality. Their group is proud to have won several national and international accolades for insightful advice and execution skills. They are determined to provide back to society by means of assisting causes related to schooling, healthcare, ability improvement, entrepreneurship promotion, disaster relief and animal welfare.
JM Financial Credit Solutions Limited Promoters:
The Promoters of the Company are JM Financial Limited.
JM Financial Credit Solutions Limited NCD details:
Issue Size: Rs. 3,000 million with an option to retain oversubscription up to Rs. 450 crores aggregating to Rs. 750 crores which are within the shelf limit of Rs.2000 crores
Face Value: Rs 1000/- per NCD
Price Range: Rs 1000 per NCD
Security Type: Secured Redeemable Non-Convertible Debentures
Bid Lot: 10 NCD
Issue Period: 28-May-2018 to 20-Jun-2018
Minimum Application Value: 10 (Ten) NCDs (Rs. 10,000) collectively across all options and in multiple of 1 NCD (Rs.1000) after the minimum application amount across all the options.
Registrar: Karvy Computershare Private Limited
Listing At: BSE, NSE
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Ratings: This issue is rated IND AA/Stable by India Ratings. The rating of the NCDs by ICRA and India Ratings indicates a high degree of safety regarding timely servicing of financial obligations.
