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

July 10, 2017 - July 28, 2017
Mahindra & Mahindra Financial Services Ltd Logo

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 Open July 10, 2017 - July 28, 2017
Security Name Mahindra & Mahindra Financial Services Ltd
Security Type
Issue Size (Base) Rs 250.00 Crores
Issue Size (Shelf) Rs [.] Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 10 NCD
Listing At BSE
Credit Rating
Payment Frequency
Basis of Allotment First Come First Serve Basis

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.


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.


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

Rating:Rated 3.6 stars
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M & M Financial IPO Reviews

Company Contact Information

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

Phone: +91 22 2289 5500

M & M Financial IPO Registrar

Kfin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000


1. ATUL C. SHAH     Link|July 31, 2017 4:11:44 PM
date of allotment ? lisitng date ?

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