Tag Archive for jm

JM Financial Credit Solutions Ltd. NCD Fully Subscribed on Day 1

Share/Bookmark

By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

JM Financial Credit Solutions Ltd. NCDs Issue fully subscribed with the Retail response of 3.17 times, HNI – 1.68 timesfollowed by QIB – 0.20 times, as of 4:25 PM on its first day itself.

 

JM Financial Credit Solutions Rs. 750cr NCD Issue oversubscribed 2.19 times

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Shashwat Belapurkar, CEO, JM Financial Credit Solutions Limited, said, “We are overwhelmed by the response to JM Financial Credit Solutions Ltd.’s maiden Public Issue of NCDs, which also has the distinction of being the first from the JM Financial Group. Overall, the Public Issue of NCDs (including Greenshoe Option) was oversubscribed 2.19 times leading to a total subscription of Rs. 1,646 crore. Retail Investors (Category IV) and HNIs (Category III) have invested a total amount of around Rs. 1,468 crore, which is more than total NCD Issue size of Rs. 750 crore (including Greenshoe Option). The oversubscription of over 3.6 times in the Retail Investors category justifies our higher proportion of 30% allocation ratio to Retail Investors in the basis of allotment. The success of our NCD Public Issue sets a new benchmark for a wholesale NBFC such as JMFCSL that provides integrated financial solutions to real estate developers with a focus on residential project financing. This is a testimony to the success of the transformational changes in the real estate sector and will further deepen the Indian debt markets inviting meaningful long term wider public participation in debt offerings from wholesale NBFCs.” Read more

JM Financial Credit Solutions Limited NCD Issue to open on May 28, 2018

Share/Bookmark

By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

C:\Work Files\Artwork\JM logo.png

Mr. Shashwat Belapurkar, Chief Executive Officer, JM Financial Credit Solution Limited while addressing the media during the press conference held in Mumbai

JM Financial Credit Solutions Limited (the “Company”), the NBFC arm of the JM Financial Group providing integrated financial solutions to real estate developers, proposes to open on May 28, 2018, a public issue of secured, rated, listed redeemable, Non-Convertible Debentures of face value of Rs. 1,000 each (“Secured NCDs”) with a Base Issue size of Rs. 300 crore with an option to retain oversubscription upto Rs. 450 crore aggregating upto Rs. 750 crore (“Tranche I Issue”), which is within the Shelf Limit of Rs. 2,000 crore. Read more