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Magma Fincorp NCD April 2019 Detail
Issue Open Apr 8, 2019
Issue Close May 8, 2019
Issue Size (Base) ₹200.00 Crores
Issue Size (Shelf) ₹500.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE, NSE

Magma Fincorp NCD April 2019 Date & Price

The Magma Fincorp NCD April 2019 issue opens on Apr 8, 2019, and closes on May 8, 2019, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a Priority Basis.

Magma Fincorp Limited NCD IPO dates are as below:

Magma Fincorp NCD April 2019 Issue Timetable

Bid/Offer Opens OnApr 8, 2019
Bid/Offer Closes OnMay 8, 2019
Record Date
Deemed Date of Allotment

Sorry, Magma Fincorp NCD April 2019 DRHP PDF Document is not available at this time.

Magma Fincorp NCD April 2019 Red Herring Prospectus (RHP) PDF

Magma Fincorp NCD April 2019 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Magma Fincorp NCD April 2019 is Monthly, Annual and Cumulative.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Magma Fincorp NCD April 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until May 8, 2019. The bid may close earlier in case it is fully subscribed.

Coupon Rates for Eash Series

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7
Frequency of Interest Payment Annually NA Monthly Annually NA Monthly Annually
Tenor 3 year 3 year 5 year 5 year 5 year 10 year 10 year
Coupon Rate (Retail) For Category I & II/ for III & IV 10.25% NA 10.04% 10.50% NA 10.27% 10.75%
Amount on Maturity For Category I & II/ for III & IV Rs 1,000 Rs 1,340.10 Rs 1,000 Rs 1,000 Rs 1,648.19 Rs 1,000 Rs 1,000

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 3 years/ 5 years/ 10 years.

Magma Fincorp NCD April 2019 Issue Size and Subscription Status

The Magma Fincorp NCD April 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹200.00 Crores
  • NCD Shelf Issue Size: ₹500.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in Magma Fincorp NCD April 2019 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

The following categories of persons, and entities, shall not be eligible to participate in the Issue

(a) Minors without a guardian name*(A guardian may apply on behalf of a minor. However, Application by minors must be made through Application Forms that contain the names of both the minor Applicant and the guardian); (b) Foreign nationals, NRI inter-alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA ; (c) Persons resident outside India and other foreign entities; (d) Foreign Institutional Investors; (e) Foreign Portfolio Investors; (f) Foreign Venture Capital Investors; (g) Qualified Foreign Investors; (h) Overseas Corporate Bodies; and (i) Persons ineligible to contract under applicable statutory/regulatory requirements.

You could check Magma Fincorp Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Magma Fincorp NCD April 2019 Allotment and Listing

The NCD's are proposed to be listed on BSE, NSE.

Applicants are allocated NCD's on a Priority Basis.

Click here to check Magma Fincorp Limited Allotment Status.

The Magma Fincorp Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Magma Fincorp NCD April 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Magma Fincorp Limited NCD - Should I apply?

The NCDs proposed to be issued under this Issue have been rated BWR AA (Outlook: Stable)' by Brickworks Ratings India Private Limited ("Brickworks") for an amount of up to ? 1,00,000 lakhs vide its letter dated December 21, 2018 and ACUITE AA/Stable by Acuité Ratings & Research Limited (erstwhile SMERA Ratings Limited) for an amount of up to ? 1,00,000 lakhs vide its letter dated December 28, 2018. The rating of the NCDs by Brickworks and Acuité indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Magma Fincorp NCD April 2019 which could help you with questions like Magma Fincorp NCD April 2019 buy or not? You should also read Magma Fincorp NCD April 2019 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Magma Fincorp Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.