{"id":3330,"date":"2021-09-24T09:14:45","date_gmt":"2021-09-24T09:14:45","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=3330"},"modified":"2026-04-09T09:24:36","modified_gmt":"2026-04-09T09:24:36","slug":"jm-financial-products-limited-ncd-ipo-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/","title":{"rendered":"JM Financial Products Limited NCD IPO: Should you invest?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">High Yield\u00a0 |\u00a0 AA- Rated\u00a0 |\u00a0 Minimum Investment: 10k Only<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">JM Financial Products Limited is offering secured and\u00a0 AA-rated NCDs. The IPO has been live since 23 September 2021 and it closes on 14 October 2021.\u00a0 The NCDs are being issued in 4 series. The NCDs are offering coupons up to 8.3% which is 2-3% higher than bank FDs. They come with different tenures such as 39 months, 60 months, and 100 months.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Apply_Now\" >Apply Now\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#JM_Financial_Products_Limited_NCD_IPO_Coupon_rates_for_each_of_the_series\" >JM Financial Products Limited NCD IPO: Coupon rates for each of the series\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Allocation_Ratio\" >Allocation Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Issue_Analysis\" >Issue Analysis\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Purpose_of_issuance\" >Purpose of issuance\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#About_JM_Financial_Products_Limited\" >About JM Financial Products Limited<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Financial_Performance\" >Financial Performance<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Strengths\" >Strengths\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Investment_Process_for_JM_Financial_Products_Limited\" >Investment Process for JM Financial Products Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#You_can_invest_in_IPOs_via_GoldenPi_in_3_easy_steps\" >You can invest in IPOs via GoldenPi in 3 easy steps.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#If_the_investment_amount_is_less_than_10_lakhs\" >If the investment amount is less than 10 lakhs\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#If_the_investment_amount_is_more_than_10_Lakhs_%E2%80%93\" >If the investment amount is more than 10 Lakhs \u2013<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#To_know_how_to_invest_in_NCD-IPO_online_read_this_blog\" >To know how to invest in NCD-IPO online, read this blog.\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#IPO_allotment\" >IPO allotment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Dos_and_Donts_of_Indiabulls_NCD-IPO\" >Dos and Don\u2019ts of Indiabulls NCD-IPO<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/jm-financial-products\/jm-financial-products-limited-ncd-ipo-should-you-invest\/#Apply_Now-2\" >Apply Now\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Apply_Now\"><\/span><a href=\"https:\/\/goldenpi.com\/collections\/best-ongoing-ipos\"><span style=\"font-weight: 400;\">Apply Now\u00a0<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">Issuer\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">JM Financial Products Limited<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Type of instrument\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Secured, Redeemable, NCDs<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Listing\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Will be listed on BSE\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Credit Rating\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2018AA \u2018 by ICRA and CRISIL\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Issue Size (in Rs.)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">500 Crores<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Issue Price (in Rs.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 1000 per NCD<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minimum investment (in Rs.)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Issue opening date\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Sep 23, 2021<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Issue closing date\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Oct 14, 2021<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Number of the series\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Allotment\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">First come first served<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Registrar of the issue<\/span><\/td>\n<td><span style=\"font-weight: 400;\">KFin Technologies Private Limited<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<h2><span class=\"ez-toc-section\" id=\"JM_Financial_Products_Limited_NCD_IPO_Coupon_rates_for_each_of_the_series\"><\/span><b>JM Financial Products Limited NCD IPO: Coupon rates for each of the series\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">Series\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Payment Frequency<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Tenure\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Coupon<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">I<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Annual\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">39 Months\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">*91-day T-bill + 315BPS<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">II<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Annual\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">60 Months\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IV<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Monthly<\/span><\/td>\n<td><span style=\"font-weight: 400;\">60 Months\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7.91%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">V<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Annual\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">100 Months\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.30%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><span style=\"font-weight: 400;\">*<\/span><span style=\"font-weight: 400;\">The Treasury Bill rates are ranging between 3.2% to 3.5% for 3 months. In near future coupon can be 6.35% (3.2% + 315 bps) to 6.65% (3.5% + 315 bps).<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><b>Allocation Ratio<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignright wp-image-3335 size-medium\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/24092427\/JMFPL-AR-300x227.jpg\" alt=\"Allocation Ratio of JM Financial Products Limited NCD IPO\" width=\"300\" height=\"227\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/24092427\/JMFPL-AR-300x227.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/24092427\/JMFPL-AR.jpg 367w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The allocation ratio of IBHFL NCD IPO is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by SEBI.\u00a0 Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio forJM Financial Products Limited.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_Analysis\"><\/span><b>Issue Analysis<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Purpose_of_issuance\"><\/span><span style=\"font-weight: 400;\">Purpose of issuance\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">At least 75% of the capital can be utilized for the purpose of onward lending, financing, and for repayment\/prepayment of interest and principal of the borrowings.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maximum of up to 25% for business operations\u00a0<\/span><\/li>\n<\/ol>\n<p><b><i>Pros<\/i><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCDs are being issued in 4 series. The NCDs are offering coupons up to 8.3% which is 2-3% higher than bank FDs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These NCDs are secure.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCDs are <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/list-of-aaa-rated-bonds\/\">AA-rated<\/a> with a stable outlook by ICRA and CRISIL. AA-rated instruments are considered to be of investment grade and a stable outlook indicates strong financial stability of the company.\u00a0<\/span><\/li>\n<\/ul>\n<p><b><i>Cons\u00a0<\/i><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Covid-19 pandemics have impacted the business. The major source of the company\u2019s revenue has been real estate. And real estate industry is down because of pandemics. <\/span>Because of uncertain future credit ratings are not completely reliable.<\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These NCDs are secured and AA-rated but they are offering average returns .\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_JM_Financial_Products_Limited\"><\/span><b>About JM Financial Products Limited<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">JM Financial Products Ltd. (&#8220;JMFPL&#8221;) is the Non-Banking Finance Company (NBFC) of the JM Financial Group. It is a non-deposit accepting non-banking finance company registered with the Reserve Bank of India. The company provides home loans to retail customers with a focus on the affordable housing segment through subsidiary JMFHL (registered with National Housing Bank) Loan book of the company stands at Rs 5503 Cr as of June 30, 2019.<\/span><\/p>\n<div><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/05124017\/JM-Financial-Products-Limited-NCD-IPO-1.gif\" alt=\"JM Financial Products Limited NCD IPO: Should you invest?\" \/><\/div>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><b>Financial Performance<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3339\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/24095111\/JMFPL-300x195.jpg\" alt=\"Financial Performance of JM Financial Products Limited\" width=\"697\" height=\"453\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/24095111\/JMFPL-300x195.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/24095111\/JMFPL-585x380.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/24095111\/JMFPL.jpg 601w\" sizes=\"(max-width: 697px) 100vw, 697px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Well-positioned in the industry\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Diversified product <a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/how-can-one-diversify-their-portfolio-with-nbfc-bonds-2\/\">portfolio<\/a><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strong credit profile\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Agile in adopting advanced technology\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_JM_Financial_Products_Limited\"><\/span><b>Investment Process for JM Financial Products Limited<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">IPOs are facilitated by entities called Lead Managers. Generally, these lead managers are brokerage firms. Investors need to apply for IPO through lead managers, and once the allotment is made, investors will receive the <a href=\"https:\/\/goldenpi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">bond<\/a> units in their Demat account.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"You_can_invest_in_IPOs_via_GoldenPi_in_3_easy_steps\"><\/span><b>You can invest in IPOs via GoldenPi in 3 easy steps.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"If_the_investment_amount_is_less_than_10_lakhs\"><\/span><b><i>If the investment amount is less than 10 lakhs\u00a0<\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If the investment amount is less than 10 lakhs, retail investors can apply for an IPO online in three simple steps.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3296\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-300x187.jpg\" alt=\"Investment in IPOs via GoldenPi in 3 easy steps\" width=\"763\" height=\"476\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-300x187.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-1024x638.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-768x479.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-1536x957.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-2048x1277.jpg 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-1170x729.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-1920x1197.jpg 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/04031639\/GoldenPi-Process-Infographic-09_03-Updated-585x365.jpg 585w\" sizes=\"(max-width: 763px) 100vw, 763px\" \/><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Select the product- <\/b><span style=\"font-weight: 400;\">Visit GoldenPi.Com and go to the collection page. Visit the IPO section and choose the issuing company. The product page provides information such as a coupon, yield, maturity, and payment frequency. The product page also displays credit rating and issuer details that help investors to make an appropriate decision.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Decide Investment Amount<\/b><span style=\"font-weight: 400;\"> \u2013 Decide the amount you want to invest. You need to select the series and the number of units you want to purchase. The calculator displays the total investment amount.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pay via UPI<\/b><span style=\"font-weight: 400;\">\u2013 Now provide UPI handle. You will receive a mandate in the UPI app. Go to the respective UPI app and make payment by approving the mandate.\u00a0<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"If_the_investment_amount_is_more_than_10_Lakhs_%E2%80%93\"><\/span><b><i>If the investment amount is more than 10 Lakhs \u2013<\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A.Fill up the form with the required information.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">B.Take a photo of your form and share it with your Relationship Manager for bidding on exchange.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">C.Courier the filled up IPO form to our office address as early as possible. The issue closes on the 6th of September,\u00a0 2021. The earlier you send it, the better it is.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Our Address: IndiQube Orion, Ground Floor,<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">24th Main Road, Garden Layout, Sector 2,<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">HSR Layout, Bangalore, Pincode: 560102<\/span><\/i><\/p>\n<hr \/>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_know_how_to_invest_in_NCD-IPO_online_read_this_blog\"><\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/how-to-invest-in-ncd-ipo-online\/\"><span style=\"font-weight: 400;\">To know how to invest in NCD-IPO online, read this blog.\u00a0<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"IPO_allotment\"><\/span><b>IPO allotment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">IPO will be allotted to you on a first-come, first-serve basis and credited to your Demat account.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dos_and_Donts_of_Indiabulls_NCD-IPO\"><\/span><b>Dos and Don\u2019ts of Indiabulls NCD-IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Every individual can submit 5 IPO applications.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Demat account must be active.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After applying for an IPO, you can not change your contact details such as email id and cell number until allotment.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you are paying via UPI, then the UPI mandate must be accepted within 48 hours.<\/span><\/li>\n<\/ul>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Apply_Now-2\"><\/span><a href=\"https:\/\/goldenpi.com\/collections\/best-ongoing-ipos\"><span style=\"font-weight: 400;\">Apply Now\u00a0<\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><script>var 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The&hellip;<\/p>\n","protected":false},"author":4,"featured_media":3331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[172],"tags":[79,80,94],"class_list":["post-3330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jm-financial-products","tag-ipo","tag-bond-ipo","tag-ncd-ipo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JM Financial Products Limited NCD IPO: Should you invest? - GoldenPi | Blogs<\/title>\n<meta name=\"description\" content=\"JM Financial Products Limited is offering secured and AA-rated NCDs. 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