Mahindra Financial Services NCD Jan 2019 Public Issue: Allotment Status, Listing Date, & How to check?
Mahindra & Mahindra financial service was incorporated in the year 1991. It is one the leading non-banking finance corporation.
It caters the requirement of clients primarily in the rural areas and semi-urban parts of the country. The company provides for new and pre-owned auto and utility vehicles, tractors and commercial vehicles.
It offers housing finance, personal loans, SME financing, insurance broking, and mutual fund distribution services. The company runs a large network of 1296 offices spread across the 27 states and 5 union territories.
NCD is fixed income products that proffer lucrative returns which are hard to resist interest rate proffered by the company is highly lucrative and attractive.
All of you want to know about what is the allotment status for Mahindra finance NCD?
Check complete details about the Mahindra and Mahindra finance limited NCD allotment status below.
|Issuer||Mahindra and Mahindra Financial Services Limited ( View Report )|
|Issue||Base Issue Size: ₹500 crore with an option to retain oversubscription up to ₹3000 Crs aggregating up to ₹3500 CRs|
|Rating||‘CARE AAA; Stable’ by CARE and “IND AAA; Stable” by India Ratings|
|Issue opens||January 4, 2019|
|Issue closes||January 25, 2019|
|Issue Price||Rs. 1,000 per NCD|
|Minimum Application||Rs 10,000/- (10 NCDs) across all Series and in multiples of 1 (one) NCD of Rs 1,000/- each thereafter|
|Coupon Type||Fixed Coupon Rates|
|Listing||NCDs are proposed to be listed on BSE|
How to Check Mahindra Finance NCD Allotment Status?
Mahindra and Mahindra finance limited has marked significant growth over the years in the rural non-banking finance corporation.
The interest rate provided by NCD is usually high as compared to other banks deposit. An investor must note down that with great returns comes greater risk.
If you want to check the status of Mahindra and Mahindra finance limited NCD allotment status
Please refer the following mentioned links for the same
By following the above links you can check the upcome allotment status of the Mahindra and Mahindra finance company limited NCD.
- Here you will find the window labeled with “Bonds Allotment Advice Report”
- Click on the arrow button and choose “Mahindra Finance NCD Jan 2019”.
- Now in Next step submit the application no. and Pan no.
- That’s it your NCD bond status in front of you.
The Mahindra and Mahindra finance company have come a long way and is one the leading financial service providers in semi-urban and rural areas.
So, this is a complete overview of Mahindra and Mahindra finance.
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I have not received the Annual interest on Mahindra and Mahindra Financial Services 9.5 NCD. It was issued in January 2019