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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.

M & M Financial IPO Detail

Issue OpenJul 10, 2017 - Jul 28, 2017
Security NameMahindra & Mahindra Financial Services Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 250.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

NCD Allocation Ratio

Institutional Portion
Non-Institutional Portion
High Net Worth Individual Investors Portion
Retail Individual Investors Portion

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.

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

M & M Financial IPO Prospectus

M & M Financial IPO Rating

12
3.6
Rating:Rated 3.6 stars

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M & M Financial IPO Reviews / Ratings

Company Contact Information

Mahindra & Mahindra Financial Services Ltd
Gateway Building,
Apollo Bunder,
Mumbai 400001, Maharashtra

Phone: +91 22 2289 5500
Email: investorhelpline_mmfsl@mahindra.com
Website: http://www.mahindrafinance.com

M & M Financial IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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M & M Financial IPO Review / Comments

avatar
1. ATUL C. SHAH  Jul 31, 2017 16:11 Reply
date of allotment ? lisitng date ?



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