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Mahindra & Mahindra Financial Services NCD Vs SREI Equipment Finance NCD

Published on Wednesday, July 12, 2017 by Dilip Davda

The detail comparison of Mahindra & Mahindra Financial Services NCD and SREI Equipment Finance NCD opening in July 2017.

MMFSL NCD July 2017 Vs SEFL July 2017 NCD Public Issue
ParticularsMMFSL NCD July 2017SEFL NCD July 2017
GroupMahindraSREI
Instrument typeUnsecured NCDsUnsecured NCDs
FVRs. 1000 eachRs. 1000 each
Issue open10.07.201717.07.2017
Issue closeon or before 28.07.17on or before 31.07.17
Allotment onFirst Come-First Servved BasisFirst Come-First Servved Basis
Allotment modeDematDemat
Overall Issue SizeRs. 2000 croreRs. 1000 crore
Object of the issueOnward lending, Financing, working capital etc.Onward Lending, repayment of loan, working capital etc.
Min application10 NCDs10 NCDs
Additional Applin multiple of 1 NCD thereon, thereafterin multiple of 1 NCD thereon, thereafter
Tenures7 yr, l10 yr and 15 yr5 yr-3 mnth, 7 yr and 10 yr
Call optionfor 15 yr (after 10 yrs of term)NA
Coupon rates (other than retail)7.75%, 7.90%, 7.95%9.25%,9.30%,9.35%,9.40%,9.50%, 9.55%
Coupon rates (Retail)7.85%, 8.00%, 8.05%Same as above
Additional coupon ratesNA0.15%fro Category III, Sr Citizens etc
Interest payment optionsAnnuallyMonthly/Annually/Cumulative
Additional coupon ratesNA0.15%fro Category III, Sr Citizens etc
Debt: Eqluity ratio rise5.34 to 5.665.13 to 5.53
Net NPA as on 31.03.173.6% (up from 3.2%)1.76% (down from 1.99%)
Ratings of instrumentIND/AAA, BWR/AAABWR/AA+(stable), SMERA/AA+(stable)
Listing atBSEBSE, NSE

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About Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda, a freelance journalist

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in new papers.

Email: dilip_davda@rediffmail.com


User Comment

avatar
1. Ashutosh  Jul 19, 2017 11:00:25 AM IST Reply
Can we withdraw premature NCD?
is this tax beneficial?
avatar
2.1. PINAKI BANERJEE  Jul 24, 2017 7:03:07 PM IST
You cannot withdraw except for when the issuer executes a call option which in this case is after 10 years. However, you can sell the NCDs in the market.
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