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| 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 |
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.
| Bid/Offer Opens On | Apr 8, 2019 |
| Bid/Offer Closes On | May 8, 2019 |
| Record Date | |
| Deemed Date of Allotment |
| 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 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base 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.
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.
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