The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE911L07048

Face value

₹10,00,000

Coupon rate

12%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

15

Instrument Type

Debenture

Returns

High

Date of Issue

30 Jul 2020

Maturity Date

30 Jul 2023

Perpetual

Yes

Listing Status

Listed

Rating status

BBB (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

None

Guarantee Type

Non Convertible

About this Bond

MAHAVEER FINANCE (INDIA) LIMITED SR TLTRO/004 12 NCD 30JL23 FVRS10LAC
Mahaveer Finance (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE911L07048, with a face value of ₹10,00,000 rs on 30Jul20 to raise 15 crores. The debt instrument is issued with a coupon rate of 12% and its interest is paid 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 Secured Debenture is 12% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES TLTRO/NCD/004. DATE OF MATURITY 30/07/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 18Aug20. CARE RATINGS LIMITED has given BBB rating to this Debenture on 30Jul20. 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)

Instrument Rating
BBB
Moderately Safe
BBB
check
Date Verified
19 Jul 2023
check
Outlook
Stable
logo
Seniority in Repayment
None
logo
Security
Secured
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
30-Jul-20 : Your investment
₹1,20,00,000
30-Jul-21 : Interest
₹1,20,00,000
30-Jul-22 : Interest
₹1,20,00,000
30-Jul-23 : Interest
₹13,60,00,000
30-Jul-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,60,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

12%

Returns

High

Bond Rating

BBB

Seniority in Repayment

None

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE911L07048 issued by Mahaveer Finance (india) Limited

The instrument name of INE911L07048 ISIN is MAHAVEER FINANCE (INDIA) LIMITED SR TLTRO/004 12 NCD 30JL23 FVRS10LAC.
The interest earned from INE911L07048 bond issued by Mahaveer Finance (india) Limited is paid Annually, ensuring regular and consistent income for investors.
This INE911L07048 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.
This Debenture offers a coupon rate of 12%, which determines the periodic interest payments made to bondholders.
The INE911L07048 Debenture is issued by Mahaveer Finance (india) Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow