Mahindra&Mahindra-Finance NCD-2019

Mahindra & Mahindra Financial Services Limited scheduling its Secured, Rated, Listed Redeemable Non covertible debentures from January 4, 2019 – Januray 25, 2019 having Base Issue Rs.150 Crore with an option to retain over subscription up to Rs.150 Crore aggregating to overall Issue size of Rs.300 Crores.

Investors can get all important information as Price, Date, Prospectus, Credit Rating, Listing, Maturity, allocation ratio, allotment status, subscription details, application form, Lead Managers and Registrar of the Issue.

Summary Of Issue:

Issuer:- Mahindra & Mahindra Financial Services Limited
Issue Open January 4, 2019 – Januray 25, 2019
Total issue Size Base Issue Size: ₹ 500 crore with an option to retain oversubscription up to ₹ 3000 Crs aggregating up to ₹ 3500 Crs
Face Value Rs. 1,000 Per NCD
Nature of Instrument Secured and/ or Unsecured Subordinated,Redeemable, Non-Convertible Debentures
Minimum Application size Rs.10,000/- ( 10 NCDs)
Credit Ratings ‘CARE AAA; Stable’ by CARE and “IND AAA; Stable” by India Ratings
Listing BSE
Basis of Allotment “First come First Serve” Basis
Interest on application money As all Applications are being made under ASBA where Application Amount is blocked in the ASBA
Account, no interest shall be payable on Application Amount in this Issue.


Note: **The Tranche I Issue shall remain open for subscription on Working Days from 10 a.m. to 5 p.m. during the period indicated above, except that the Tranche I Issue may close on such earlier date or extended date as may be decided by the Board or Bond Issue Committee thereof. In the event of an early closure or extension of the Tranche I Issue, our Company shall ensure that notice of the same is provided to the prospective investors through an advertisement in a reputed daily national newspaper on or before such earlier or extended date of Issue closure. On the Tranche I Issue Closing Date, Application Forms will be accepted only between 10 a.m. and 3 p.m. (Indian Standard Time) and uploaded until 5 p.m. or such extended time as may be permitted by BSE.

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Mahindra & Mahindra Financial Services Limited

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 Allocation Ratio of Mahindra & Mahindra Financial Services Limited

 (Category Wise)

Category Allocation Amount in Crs.
Base Issue Total Issue
QIB 20% 100 700
Corporate 20% 100 700
HNI 30% 150 1050
Retail 30% 150 1050
Total 100% 500 3500



Mahindra & Mahindra Financial Services Limited NCD Subscription details

Category Subscription Figure in crore *11 Jan 2019, 5pm
Institutional  81.93 crs
Corporate  98.70 crs
HNI  987.16 crs
Retail  647.97 crs
Total  1815.76 crs


* will be update after issue opening


Mahindra & Mahindra Financial Services Limited NCD Application Form


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 Lead Managers To The Issue:-

Edelweiss Securities Ltd.

Registrar To The Issue:-

Karvy Fintech Private Limited

 For More Details Contact us 011-42445800 / 9650901058


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