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Instrument Details

ISIN: INE911L07055

Face value

₹10,00,000

Coupon rate

11.50%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

10

Instrument Type

Debenture

Returns

High

Date of Issue

14 Aug 2020

Maturity Date

14 Aug 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/NCD/005 11.50 NCD 14AG23 FVRS10LAC
Mahaveer Finance (india) Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE911L07055, with a face value of ₹10,00,000 rs on 14Aug20 to raise 10 crores. The debt instrument is issued with a coupon rate of 11.50% 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 11.50% SECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE DEBENTURES. SERIES TLTRO/NCD/005. DATE OF MATURITY 14/08/2023.. 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 02Sep20. CARE RATINGS LIMITED has given BBB rating to this Debenture on 01Jan70. 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
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Date Verified
21 Jul 2022
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Outlook
Stable
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Seniority in Repayment
None
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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
14-Aug-20 : Your investment
₹1,15,00,000
14-Aug-21 : Interest
₹1,15,00,000
14-Aug-22 : Interest
₹1,15,00,000
14-Aug-23 : Interest
₹13,45,00,000
14-Aug-23 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹3,45,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

11.50%

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 INE911L07055 issued by Mahaveer Finance (india) Limited

The instrument name of INE911L07055 ISIN is MAHAVEER FINANCE (INDIA) LIMITED SR TLTRO/NCD/005 11.50 NCD 14AG23 FVRS10LAC.
The interest earned from INE911L07055 bond issued by Mahaveer Finance (india) Limited is paid Annually, ensuring regular and consistent income for investors.
This INE911L07055 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 11.5%, which determines the periodic interest payments made to bondholders.
The INE911L07055 Debenture is issued by Mahaveer Finance (india) Limited, a Private Sector company.
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