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| Issue Open | February 13, 2020 |
| Issue Close | March 9, 2020 |
| Issue Size (Base) | ₹100.00 Crores |
| Issue Size (Shelf) | ₹2,000.00 Crores |
| Issue Price | ₹1000 per NCD |
| Listing At | BSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
| Bid/Offer Opens On | February 13, 2020 |
| Bid/Offer Closes On | March 9, 2020 |
| Record Date | |
| Deemed Date of Allotment |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annually | Cumulative | Annually | Cumulative | Monthly | Annually | Cumulative | Monthly | Annually | Monthly |
| Nature | Secured | |||||||||
| Tenor | 24 months | 24 months | 40 months | 40 months | 40 months | 60 months | 60 months | 60 months | 120 months | 120 months |
| Coupon Rate | 9.50% | NA | 9.70% | NA | 9.29% | 9.90% | NA | 9.48% | 10.00% | 9.57% |
| Amount on Maturity | Rs 1,000 | Rs 1,199.02 | Rs 1,000 | Rs 1,361.28 | Rs 1,000 | Rs 1,000 | Rs 1,603.20 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check JM Financial Products Ltd NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
The NCDs proposed to be issued under this Issue have been rated [ICRA]AA by ICRA for an amount of upto Rs 2,000 crores vide its letters dated January 09, 2019 and have been rated "CRISIL AA/STABLE" by CRISIL for an amount upto Rs 2,000 crores vide its letter dated January 03, 2019. The rating of the NCDs by ICRA and CRISIL indicates high degree of safety regarding timely servicing of financial obligations
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