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14% Mahaveer Finance (india) Limited - BBB Rated (INE911L07071)
In-activePrivate SectorSecured
Instrument Details
ISIN: INE911L07071
Face value
₹10,00,000
Coupon rate
14%
Payment
Quarterly
Tax Type
Taxable
Issue Size (Cr)
6
Instrument Type
Debenture
Returns
High
Date of Issue
31 Aug 2021
Maturity Date
30 Jun 2024
Perpetual
Yes
Listing Status
Unlisted
Rating status
BBB+ (CARE Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Secured
Asset Coverage
Principal
Seniority in Repayment
Senior
Guarantee Type
Non Convertible
About this Bond
MAHAVEER FINANCE (INDIA) LIMITED SR B 14 NCD 30JU24 FVRS10LAC
Mahaveer Finance (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE911L07071, with a face value of ₹10,00,000 rs on 31Aug21 to raise 6 crores. The debt instrument
is issued with a coupon rate of 14% and its interest is paid
Quarterly. The returns are Taxable and one has to pay the applicable tax on the returns from this investment.
As per the filings, the long description of this Secured
Debenture is 14% SECURED RATED UNLISTED NON CONVERTIBLE DEBENTURE. SERIES B. DATE OF MATURITY 30/06/2024.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB+ rating to
this Debenture on 31Aug21. This issuer is formerly known as MADAN FINANCE LIMITED, DECCAN INVESTMENT HOLDINGS LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000
Cashflow
₹10,00,00,000
31-Aug-21 : Your investment
₹35,00,000
01-Dec-21 : Interest
₹35,00,000
01-Mar-22 : Interest
₹35,00,000
01-Jun-22 : Interest
₹35,00,000
01-Sep-22 : Interest
₹35,00,000
01-Dec-22 : Interest
₹35,00,000
01-Mar-23 : Interest
₹35,00,000
01-Jun-23 : Interest
₹35,00,000
01-Sep-23 : Interest
₹35,00,000
01-Dec-23 : Interest
₹35,00,000
01-Mar-24 : Interest
₹35,00,000
01-Jun-24 : Interest
₹13,85,00,000
30-Jun-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,85,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
14%
Returns
High
Bond Rating
BBB+
Seniority in Repayment
Senior
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
Chennai
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Mahaveer Finance (india) Limited
FAQs about INE911L07071 issued by Mahaveer Finance (india) Limited
What is the instrument name of INE911L07071 ISIN?
The instrument name of INE911L07071 ISIN is MAHAVEER FINANCE (INDIA) LIMITED SR B 14 NCD 30JU24 FVRS10LAC.
How frequently is the interest paid on INE911L07071 bond issued by Mahaveer Finance (india) Limited?
The interest earned from INE911L07071 bond issued by Mahaveer Finance (india) Limited is paid Quarterly, ensuring regular and consistent income for investors.
What is the credit rating of the INE911L07071 bond issued by Mahaveer Finance (india) Limited?
This INE911L07071 bond issued by Mahaveer Finance (india) Limited has been assigned a credit rating of BBB+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE911L07071 bond issued by Mahaveer Finance (india) Limited?
This Debenture offers a coupon rate of 14%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE911L07071 Debenture?
The INE911L07071 Debenture is issued by Mahaveer Finance (india) Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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