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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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
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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
or
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