#JM Financial Products NCD Issue details

[hisureshkumar]

11.19% Navi Finserv NCD Feb-2024 - Details, Interest Rates and Review

Navi Finserv is coming up with secured NCD bonds now. These bonds would open for subscription on February 26, 2024. Navi Finserv is a non-deposit taking, systemically important NBFC registered with RBI. The interest rates for Navi Finserv NCD are up to 11.19%. These NCDs are offered for 18 months, 27 months and 36 months tenure. Interest is paid either monthly or yearly. Should you invest in Navi Finserv NCD February, 2024? Is Investment in Navi Finserv NCD Safe or risky?

About Navi Finserv Limited

Company is a non-deposit taking, systemically important NBFC registered with RBI and wholly owned subsidiary of NTL. NTL is a technology driven financial products and services company in India focussing on digitally connected young middle-class population in India. Company offer lending products like personal loans, home loans under the Navi brand. It also offer microfinance loans under the brand name "chaitanya" through its subsidiary, CIFCPL

Navi Finserv NCD Feb-2024 issue details

Here are the details of Navi Finserv NCD Feb-2024 issue. Subscription opening Date 26-Feb-24 Subscription closure Date 07-Mar-24 Issuing Security Name Navi Finserv Limited Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Issue Size (Base) Rs 300 Crores Issue Size (Option to retain over subscription) Rs 300 Crores Total issue size Rs 600 Crores Issue price Rs 1,000 per bond Face value Rs 1,000 per bond Minimum Lot size 10 bonds and 1 bond there after Tenure 18, 27 and 36 months Interest Payment frequency Monthly and Annually Listing on Within 6 working days on BSE/NSE Lead Manager JM Financial Limited Debenture Trustee/s Catalyst Trusteeship Limited NRI’s cannot apply to this NCD subscription.

Navi Finserv NCD Interest Rates – Feb-2024 Issue

Series I II III IV X Frequency of Interest Payment Monthly Monthly Annual Monthly Annual Tenor (in months) 18 27 27 36 36 Coupon (% per Annum) 10.00% 10.40% 10.90% 10.65% 11.19% Effective Yield (% per Annum) 10.47% 10.91% 10.94% 11.19% 11.19% Amount on Maturity (In Rs.) 1,000 1,000 1,000 1,000 1,000

What are the credit ratings for these NCDs?

CRISIL Ratings assigned Navi Finserv NCD rating as CRISIL A/Stable. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

How is the company doing in terms of profits?

Here are the restated consolidated profits of the company. - FY2021 – Rs 118.1 Crores - FY2022 – Rs 14.66 Crores (Loss) - FY2023 – Rs 264.1 Crores

Why to invest in these NCDs?

- Navi Finserv NCD’s offer attractive interest rates where investors can get interest up to 11.19%. - It issues secured NCDs. Its secured NCDs are safe compared to unsecured NCDs. In case company gets wind-up/shut down for some reason, secured NCD investors would get preference in repayment of capital along with interest as those backed up by assets of the company. Hence it is safe to invest in such secured NCD options.

Why not to invest in these NCD Bonds?

Here are the risk factors investors should consider before investing in these bonds. - Company has incurred losses for FY22. Investors should always invest in profit making companies so that they can get timely payment of interest and repayment of capital. - Company lending business of and micro finance business operations rely intensively on substantial capital for its lending and microfinance business operations. Any disruption can affect company financial condition and liquidity - Company is affected by volatility in interest rates in both lending and treasury operations which could cause its net interest income to varry and affect its profitability. - Company has significant growth in recent period and may not be able to grow at similar pace in future or manage it effectively. - Customers default in repayment obligations can adversely affect company. - Covid pandemic has affeced its regular business operations and may continue in fuure too. - Refer Navi Finserv Feb-24 NCD prospectus for complete risk factors.

How safe is Navi Finserv NCD Bonds?

These NCD bonds are rated as A/Stable by Crisil Ratings. Such ratings are considered to have adequate safety regarding timely servicing of financial obligations with low credit risk. Hence these are safe bonds.

Should you invest in Navi Finserv NCD Feb-2024 issue?

- These NCD Bonds offer high interest rates and yield. Such interest rates are higher than FD rates offered by small finance bank too. It comes with A/Stable credit ratings which are considered to have adequate safety and carry low credit risk. These are secured NCDs too. - On the other side investment in these bonds comes with several risk factors. Company credit ratings can change in future without any advance intimation. Company has incurred losses for FY22, however shown significant improvement both in terms of revenue and margins. Investors who understand all these risk factors can invest in such NCDs. Read the full article

[madhavip1978]

10.5% JM Financial Products NCD April 2019 – Who can invest?

10.5% JM Financial Products NCD April 2019 – Who can invest?

JM Financial Products NCD April 2019 Review

JM Financial Products NCD for April 2019 would open for subscription on 22nd April, 2019. JM Financial Products is Systemically Important Non – Deposit Taking Company (NBFC) in India. It is issuing secured NCD’s. The yield is as high as 10.51% per annum and attracting investors now. It is offering NCDs of 2 years, 3 years and 5 year tenure. Should you…

[shiprarawat-blog]

JM Financial Products Limited NCD Details

JM Financial Products Limited NCD Details

NCD Ratings:

CRISIL rated these NCDs as AA/stable and ICRA as AA. The rating of the NCDs indicates that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations.

About the company:

JM Financial was incorporated in 1984. JM Financial Products Limited is a Non-Deposit taking NBFC authorized by RBI. The company is engaged in providing financial services mainly in the area of vehicle leasing and lease syndication. The company offers a gamut of financial services through participation in securities lending, distribution, issuance and syndication.

Based on customers’ needs the company offers secured and unsecured loans.

Public issue of secured redeemable, Non-Convertible Debentures.

Objective of NCD JM Financial Products Limited NCD:

For the purpose of onward lending, financing and repayment/prepayment of interest and principal of existing borrowings of the company. For General Corporate Purposes. Promoters of the Company:

The promoter is JM Financial Limited.

Watch Video Till the End https://www.youtube.com/watch?v=5ofRSCABX8A

Offerings:

10.50% Interest On JM Financial NCDInterest YearlyIssue OpensJM Finance NCDJM Finance Non Convertible DebenturesJM FINANCE SHARESJM Financial Product LimitedJM Financial Product Ltd Secured NCD

[techsuvichar]

JM Fin Prod Tranche-III NCD issue review.

JM Financial is one of India’s prominent financial services groups, specializing in providing a spectrum of businesses to corporations, financial institutions, high net-worth individuals and retail investors. We are known for our diverse businesses which comprise of (a) Investment Banking, Wealth Management and Securities (IWS) which includes fee and fund based activities for our clients (b) Mortgage Lending which includes both wholesale mortgage lending and retail mortgage lending (home loans, education institutions lending and LAP) (c) Distressed credit which includes the Asset Reconstruction business (d) Asset Management which includes the mutual fund business. We have pioneered several strategies and transactions for a wide client base spread across geographies and thus developed rich experience and expertise. Every idea is unique to the need of the client and supported by superior execution to deliver maximum benefits. In the course of our journey, we have partnered with several top Indian and International corporate houses and gained their trust and confidence. Our well-established processes ensure total confidentiality for all our clients, thereby giving them absolute confidence in conflict management and maintenance of confidentiality.

We are a skilled team of professionals who bring varied talents, knowledge, and experience to the workplace, contributing greatly to the growth of our businesses. Our group is proud to have won several national and international accolades for our insightful advice and execution skills. We are driven to give back to society by supporting causes related to education, health care, skill development, entrepreneurship promotion, disaster relief, and animal welfare.

JM Financial NCD Feb 2020 Detail Issue Open Feb 13, 2020 - Mar 9, 2020 Security Name JM Financial Products Ltd Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Issue Size (Base) Rs 100.00 Crores Issue Size (Shelf) Rs 2,000.00 Crores Issue Price Rs 1000 per NCD Face Value Rs 1000 each NCD Minimum Lot size 10 NCD Market Lot 1 NCD Listing At BSE Credit Rating ICRA AA/Stable, CRISIL AA/Stable Tenor 24 months/ 40 months/ 60 months/ 120 months Series I to Series X Payment Frequency: Annual, Cumulative and Monthly Basis of Allotment: First Come First Serve Basis

NCD Allocation Ratio NCD's allocated in each investor category:

Category  NCD's Allocated Category 1 (QIB) 10% Category 2 (NII) 10% Category 3 (HNI) 40% Category 4 (RII) 40%

NCD's Offered NCD's offered in each investor category:

Category NCD's Reserved Category 1 (QIB) 100,000 Category 2 (NII) 100,000 Category 3 (HNI) 400,000 Category 4 (RII) 400,000 Total NCD's 1,000,000

NCD Rating Detail ICRA = AA by ICRA CRISIL AA/STABLE"

Company Promoters JM Financial Limited is the promoter of the company.

Objects of the Issue: The following objects of the Issue and the amount proposed to be financed from the Net Proceeds:

Company Contact Information JM Financial Products Ltd 7th Floor, Cnergy, Appasaheb Marathe Marg Prabhadevi, Mumbai, Maharashtra 400 025, India Phone: (+91 22) 6630 3030 Email: investorrelations.products@jmfl.com Website: https://jmfinancialproducts.com/

JM Financial NCD Feb 2020 Registrar Karvy Computershare Private Limited Karvy Registry House, 8-2-596, St. No. 1, Banjara Hills, Hyderabad - 500 034 Andhra Pradesh, India Phone: +91-40-23312454 Email: jmfpl.ncd1@karvy.com Website: https://karisma.karvy.com/

JM Financial NCD Feb 2020 Lead Manager(s) A.K. Capital Services Limited JM Financial Consultants Private Limited Trust Investment Advisors Private Limited Lead Manager Reports

JM Financial NCD Feb 2020 Rating *** 3 stars out of 5 stars.

Conclusion : Apply for the long term.

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[hisureshkumar]

10.5% JM Financial Products NCD April 2019 – Who can invest?

10.5% JM Financial Products NCD April 2019 – Who can invest?

JM Financial Products NCD April 2019 Review

JM Financial Products NCD for April 2019 would open for subscription on 22nd April, 2019. JM Financial Products is Systemically Important Non – Deposit Taking Company (NBFC) in India. It is issuing secured NCD’s. The yield is as high as 10.51% per annum and attracting investors now. It is offering NCDs of 2 years, 3 years and 5 year tenure. Should you…