Chittorgarh.com
Free Trading + Demat Account

Mahindra & Mahindra Financial Services Ltd NCD (M & M Financial IPO) Detail

Jul 10, 2017 - Jul 28, 2017

Mahindra & Mahindra Financial Services Ltd (MMFSL) is one of India's leading non-banking finance companies focused on customers primarily in the rural and semi-urban sector of India with over two decades of existance. The company is primarily in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipment's and SME financing.

MMFSL is also engaged in personal loans/gold loans, insurance broking, housing finance and Mutual Fund/AMC. It has 1,182 offices covering 27 states and 4 union territories in India, as of March 31, 2017. Parent company has 51.20% holding in this arm.

Company Promoters:

The promoters of the company is Mahindra & Mahindra Limited.

Objects of the Issue:

The object of the issue are:

1. For the purpose of onward lending, financing, refinancing the existing indebtedness of the Company, long term working capital; and
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: Jul 10, 2017 - Jul 28, 2017
  »»  Issue Type: Fixed Price Issue NCD
  »»  Issue Size: NCD's of Rs. 1000
  »»  Issue Size: Rs. 250.00 Crore
  »»  Face Value: Rs. 1000 Per NCD
  »»  Issue Price: Rs. 1000 Per NCD
  »»  Market Lot: 10 NCD
  »»  Minimum Order Quantity: 10 NCD
  »»  Listing At: BSE

Ratings

This offer is rated 'IND AAA' / Outlook Stable' for an amount of Rs. 2000 crore, by India Ratings & Research Private Limited "India Rating" and 'BWR AAA, Outlook: Stable' by Brickwork Ratings India Private Limited. The rating of NCDs by India Ratings and BWR indicate that instruments with this rating are considered to have highest degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.

Offerings

NCDs have tenure of 7, 10 and 15 years with annual interest payment. For the said tenures, it offers 7.75%, 7.90% and 7.95% for QIBs and Corporate and 7.85%, 8.00% and 8.05% for HNIs and Retail categories respectively. For 15 years tenure, the company may exercise Call Option after 10 years.

Useful Links

Company Contact Information

Mahindra & Mahindra Financial Services Ltd
Gateway Building,
Apollo Bunder,
Mumbai 400001, Maharashtra
Phone: +91 22 2289 5500
Fax: +91 22 2287 5485
Email: investorhelpline_mmfsl@mahindra.com
Website: http://www.mahindrafinance.com

M & M Financial IPO Rating

12
3.6
Rating:Rated 3.6 stars

Vote Here ...

M & M Financial IPO 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
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

Stock Brokers in India (Detailed Comparison)

We provide detail comparison of stock / commodities brokers. We helped over 75,000 traders/investors to save 60% or more brokerage in last 3 years. Here is the list of popular brokers to help investors like you to find the best broker.

We can help you choosing the right broker. Contact us today...

M & M Financial IPO Comments

avatar
1. ATUL C. SHAH  Jul 31, 2017 16:11 Reply
date of allotment ? lisitng date ?
  • Special Offers
    by Popular Stock Brokers
  • HDFC Securities
    Open your 3-in-1 account with free Demat and Trading Account. Demat account AMC fee of ₹750 waived off for the first year.
  • Sharekhan
    Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.
  • Angel Broking
    Get free lifetime AMC on Demat & Trading account with Angel when you pay ₹1500 (payable in 2nd year). Get the offer
  • India Infoline (IIFL)
    Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer
  • Ventura
    Zero account opening fees for limited time. Request a Callback
  • Motilal Oswal
    Get Free Trading + Demat Account (₹500 waived on account opening) for limited time. Get the offer
  • Religare
    Get Free Trading + Demat Account for limited time. Get the offer
  • Zerodha
    Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer
  • ProStocks
    Get Free Trading + Demat Account for limited time. Request a Callback
  • 5paisa
    Open 5Paisa Trading Account & get FREE Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat Rs 10 per order. Get the offer
  • Upstox
    Get account opening fees as brokerage cashback + Free equity delivery trading (truly no brokerage) + Flat ₹20 for Intraday and F&O trades. Get the Exclusive Offer
  • SAMCO
    Get Free Trading and Demat Account Opening + 100% Brokerage Cash Back for 1st Month for trades using Mobile App
  • Fyers
    FREE Equity Delivery Trades (No Brokerage) + Get FREE Trading for Limited Time. Get the offer
  • Beeline
    Open a Lifetime free AMC Demat Account at just ₹176 + 15 days trading free. Use coupon code CHT176 for this special offer.
  • Alice Blue
    Aliceblue Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer
  • Trustline
    Get 50% disocunt (₹500 Off) on Lifetime FREE AMC Demat Account fee (₹1000).
  • RMoney
    RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer
  • iTradeOnline
    Get 50% disocunt (₹500 Off) on Lifetime FREE AMC Demat Account fee (₹1000).



Message Board

Stock Message Board


Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App