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16% Mahaveer Finance (india) Limited - BBB Rated (INE911L08053)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE911L08053
Face value
₹10,00,000
Coupon rate
16%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
15
Instrument Type
Debenture
Returns
High
Date of Issue
16 Mar 2022
Maturity Date
16 Mar 2027
Perpetual
Yes
Listing Status
Unlisted
Rating status
BBB (CRISIL Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
MAHAVEER FINANCE (INDIA) LIMITED 16 NCD 16MR27 FVRS10LAC
Mahaveer Finance (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE911L08053, with a face value of ₹10,00,000 rs on 16Mar22 to raise 15 crores. The debt instrument
is issued with a coupon rate of 16% and its interest is paid
Semi Annually. 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 Unsecured
Debenture is 16% UNSECURED RATED UNLISTED SUBORDINATEDNON CONVERTIBLE DEBENTURE. DATE OF MATURITY 16/03/2027. This instrument is issued in Private Placement (non-EBP) mode. It has Compounding coupon type
with Full Redemption option. The Bond is Not listed on any stock exchange. CRISIL RATINGS LIMITED has given BBB rating to
this Debenture on 01Mar22. 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
16-Mar-22 : Your investment
₹80,00,000
16-Sep-22 : Interest
₹80,00,000
16-Mar-23 : Interest
₹80,00,000
16-Sep-23 : Interest
₹80,00,000
16-Mar-24 : Interest
₹80,00,000
16-Sep-24 : Interest
₹80,00,000
16-Mar-25 : Interest
₹80,00,000
16-Sep-25 : Interest
₹80,00,000
16-Mar-26 : Interest
₹80,00,000
16-Sep-26 : Interest
₹80,00,000
16-Mar-27 : Interest
₹18,00,00,000
16-Mar-27 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,00,00,000)
Summary
Instrument Attributes
Value
Coupon Rate
16%
Returns
High
Bond Rating
BBB
Seniority in Repayment
Subordinate Tier 2
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 INE911L08053 issued by Mahaveer Finance (india) Limited
What is the instrument name of INE911L08053 ISIN?
The instrument name of INE911L08053 ISIN is MAHAVEER FINANCE (INDIA) LIMITED 16 NCD 16MR27 FVRS10LAC.
How frequently is the interest paid on INE911L08053 bond issued by Mahaveer Finance (india) Limited?
The interest earned from INE911L08053 bond issued by Mahaveer Finance (india) Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE911L08053 bond issued by Mahaveer Finance (india) Limited?
This INE911L08053 bond issued by Mahaveer Finance (india) Limited has been assigned a credit rating of BBB by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE911L08053 bond issued by Mahaveer Finance (india) Limited?
This Debenture offers a coupon rate of 16%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE911L08053 Debenture?
The INE911L08053 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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