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Published on Wednesday, July 12, 2017 by Dilip Davda | Modified on Monday, November 4, 2019
The detail comparison of Mahindra & Mahindra Financial Services NCD and SREI Equipment Finance NCD opening in July 2017.
| Particulars | MMFSL NCD July 2017 | SEFL NCD July 2017 |
|---|---|---|
| Group | Mahindra | SREI |
| Instrument type | Unsecured NCDs | Unsecured NCDs |
| FV | Rs. 1000 each | Rs. 1000 each |
| Issue open | 10.07.2017 | 17.07.2017 |
| Issue close | on or before 28.07.17 | on or before 31.07.17 |
| Allotment on | First Come-First Servved Basis | First Come-First Servved Basis |
| Allotment mode | Demat | Demat |
| Overall Issue Size | Rs. 2000 crore | Rs. 1000 crore |
| Object of the issue | Onward lending, Financing, working capital etc. | Onward Lending, repayment of loan, working capital etc. |
| Min application | 10 NCDs | 10 NCDs |
| Additional Appl | in multiple of 1 NCD thereon, thereafter | in multiple of 1 NCD thereon, thereafter |
| Tenures | 7 yr, l10 yr and 15 yr | 5 yr-3 mnth, 7 yr and 10 yr |
| Call option | for 15 yr (after 10 yrs of term) | NA |
| Coupon rates (other than retail) | 7.75%, 7.90%, 7.95% | 9.25%,9.30%,9.35%,9.40%,9.50%, 9.55% |
| Coupon rates (Retail) | 7.85%, 8.00%, 8.05% | Same as above |
| Additional coupon rates | NA | 0.15%fro Category III, Sr Citizens etc |
| Interest payment options | Annually | Monthly/Annually/Cumulative |
| Additional coupon rates | NA | 0.15%fro Category III, Sr Citizens etc |
| Debt: Eqluity ratio rise | 5.34 to 5.66 | 5.13 to 5.53 |
| Net NPA as on 31.03.17 | 3.6% (up from 3.2%) | 1.76% (down from 1.99%) |
| Ratings of instrument | IND/AAA, BWR/AAA | BWR/AA+(stable), SMERA/AA+(stable) |
| Listing at | BSE | BSE, NSE |
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.
(SEBI registered Research Analyst-Mumbai).
About Dilip Davda
Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.
Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.
Email: dilip_davda@rediffmail.com
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