Mahindra & Mahindra Financial NCD – Snapshot, Prospectus, Details  

m&m ncdCompany profile

Incorporated on January 1,1991 at Mumbai as Maxi Motors Financial Services .  Its name was changed to Mahindra & Mahindra Financial Services Limited after a fresh certificate approval by the RoC on November 3, 1992. In 1998, it was registered as a deposit-taking NBFC . The firm had its network  in 25 states and 5 union territories through 1179 offices in entire India as recorded on December 31,2015. The company serves as a financer to fulfill the  needs of retail customers and small and medium-sized enterprises. Initially , it was financing to purchases of auto and utility vehicles, tractors, cars, commercial vehicles and construction equipments and pre-owned vehicles and others which accounted for 31%, 16%, 23%, 10% and 20% of estimated total value of the assets financed, respectively, for the nine months ended December 31, 2015.  The company began an insurance broking business through its subsidiary MIBL which has a license from the IRDA. MIBL is rewarded the ISO 9001:2008 certification for Quality Management Systems for services related to broking of life and non-life insurance products to corporate and retail customers.

Mahindra & Mahindra Financial Services have below mentions subsidiary Under its :-

1) Mahindra Insurance Brokers Limited (MIBL)

2) Mahindra Rural Housing Finance Limited (MRHFL)

3) Mahindra Finance USA LLC (MF USA ) (Joint Venture with Rabobank)

4) Mahindra Asset Management Company Pvt. Ltd.

5) Mahindra Trustee Company Pvt. Ltd.

Outlook of the Firm:-

  1. Knowledge of rural and semi-urban markets
  2. Extensive network of offices
  3. Streamlined Approval and Administrative Procedures and Effective Use of Technology
  4. History of strong customer and dealer relationships

NCD details

It is a Non Convertible Debentures offered through this Draft Shelf Prospectus along with relevant Tranches are proposed to be listed on the BSE Limited (“BSE”). It  has got an ‘in-principle’ approval from the BSE Vide. BSE is the Designated Stock Exchange for the issue.

This NCD has been approved under the provisions of Securities and Exchange Board Of India (Issue and Listing of Debt Securities) regulations as on 2008. This Draft Shelf Prospectus has not been and will not be approved by any regulatory authority in India, including the Securities and Exchange Board of India the Reserve Bank of India, any registrar of companies or any stock exchange in India.

Objects Of The NCD

1) For the purpose of onward lending, financing, refinancing the existing indebtedness of our Company, long term

working capital; and

2) General corporate purposes;

Summary Of Issue:                      

Issue Open:- May 25, 2016 – June 10, 2016
Issue Type Non Convertible Debentures
Face Value Rs. 1,000 of each Unsecured subordinated redeemable non convertible debentures
Market lots 1 NCD
Minimum lot 10 NCDs and multiple of 1 NCD
Designated Stock Exchange BSE

Issue Size & Allocation details

The minimum application size for each application would be ₹ 10,000 (for all kinds of Series I, II, III, IV, V, VI, VII, VIII and IX NCDs either taken individually or collectively) and in multiples of ₹ 1,000 thereafter.

The company is making a public issue of the NCDs for an amount of Rs. 25,000 lacs with an option to retain

oversubscription up to Rs. 75,000 lacs aggregating to Rs. 1,00,000 lacs.

QIB Portion Corporate Portion High Net Worth

Individual

Portion

Retail Individual

Investor

Portion

20% of the Overall Issue Size 20% of the Overall Issue

Size

30% of the Overall Issue

Size

30% of the Overall Issue

Size

Promoters Of the Company:-

The promoter of the company is Mahindra and Mahindra Limited (“M&M”) which is a flagship company of the Mahindra group. The Mahindra Group is one of the largest business conglomerates in India with h a strong presence in utility vehicles, tractors, information technology, financial services, aerospace, real estate, and hospitality and logistics sectors. M&M was incorporated on October 2, 1945. Its registered office is located at Mahindra & Mahindra Tower, Gateway Building, Apollo Bunder, Mumbai – 400 001, Maharashtra, India.

Financials:-

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Equity & Liabilities 3863314.02 3405749.46 2707079.11 19420.05 1386855.95
Total Assets 3863314.02 3405749.46 2707079.11 19420.05 1386855.95
Total Revenue 606090.56 530055.28 411296.14 291036.18 203858.88
Total Expenses 466103.70 383902.53 279082.60 194906.39 129087.47
Profit After Tax (PAT) 91290.54 95442.14 92703.54 64349.71 49277.14

 

Lead Manager Details:-

1) ICICI SECURITIES LIMITED

ICICI Center, H.T. Parekh Marg, Churchgate, Mumbai 400 020,

Maharashtra, India

Tel: +91 22 2288 2460,    Fax: +91 22 2282 6580

E-mail: mmfsl.ncd@icicisecurities.com

Investor Grievance Email: customercare@icicisecurities.com

Website:www.icicisecurities.com

Contact Person: Rupesh Khant

SEBI Registration No : INM000011179

2) A. K. CAPITAL SERVICES LIMITED

30-39 Free Press House, 3rd Floor,

Free Press Journal Marg, 215, Nariman Point,

Mumbai 400021

Tel: +91 22 6754 6500,  Fax: +91 22 6610 0594

Email: mmfsl.pi.ncds1@akgroup.co.in

Investor Grievance Email:investor.grievance@akgroup.co.in

Website:www.akcapindia.com

Contact Person: Ms Shilpa Pandey/ Mr. Malay Shah

SEBI Registration No.:INM000010411

3) EDELWEISS FINANCIAL SERVICES LIMITED

Edelweiss House Off CST Road, Kalina,

Mumbai 400 098, Maharashtra, India

Tel: +91 22 4086 3535, Fax: +91 22 4086 3610

Email: mmfsl@edelweissfin.com

Investor Grievance Email:customerservice.mb@edelweissfin.com

Website:www.edelweissfin.com

Contact Person: : Mr. Lokesh Singhi / Mr. Mandeep Singh

SEBI Registration No.:INM0000010650

4) JM FINANCIAL INSTITUTIONAL SECURITIES LIMITED

7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi,

 Mumbai – 400025

Tel: +91 22 6630 3030,   Fax: +91 22 6630 3330

Email: mmfsl.ncd@jmfl.com

Investor Grievance Email: grievance.ibd@jmfl.com

Website: www.jmfl.com

Contact Person: Ms. Lakshmi Lakshmanan

SEBI Registration No.: INM000010361

 

5) SBI CAPITAL MARKETS LIMITED

202, Maker Tower E Cuffe Parade,

Mumbai – 400 005, Maharashtra, India

Tel: +91 22 2217 8300,   Fax: +91 22 2218 8332

E-mail: mmfsl.ncd@sbicaps.com

Investor Grievance Email: investor.relations@sbicaps.com

Website:www.sbicaps.com

Contact Person: Mr. Aditya Deshpande

SEBI Registration No :INM000003531

6) TRUST INVESTMENT ADVISORS PRIVATE LIMITED

109/110, Balarama, Bandra Kurla Complex, Bandra (E),

Mumbai –400 051

Tel: +91 22 4084 5000,   Fax: +91 22 4084 5007

Email: mbd.trust@trustgroup.co.in

Investor Grievance customercare@trustgroup.co.in

Website: www.trustgroup.co.in

Contact Person: Mr.Balkrishna Shah

SEBI Registration No.: INM000011120

7) YES SECURITIES (INDIA) LIMITED

IFC, Tower 1 & 2, Unit no. 602 A, 6th Floor,

Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013

Tel.: +91 22 3347 9606,   Fax: +91 22 2421 4511

E-mail: mahindrafinanceNCD@yessecuritiesltd.in

Investor Grievance Email: igc@yessecuritiesltd.in

Website: www.yesinvest.in

Contact Person: Mr. Devendra Maydeo

SEBI Registration No.: MB/INM000012227

Debenture Trustee The Tranche 1 Issue

Axis Trustee Services Limited*

2nd Floor, E wing, Bombay Dyeing Mills Compound,

Pandurang Budhkar Marg, Worli, Mumbai 400 025

Tel:+91-22- 2425 5218, Fax:+91- 22- 2425 4200

Email: debenturetrustee@axistrustee.com

Investor Grievance Email: debenturetrustee@axistrustee.com

Website: www.axistrustee.com

Contact Person: Mr. Makarand Kulkarni

SEBI Registration Number: IND000000494

CIN:U74999MH2008PLC18226

Registrar To The Tranche Issue:-

Karvy Computershare Private Limited

Karvy Selenium Tower B, Plot 31-32, Financial District,

Nanakramguda, Gachibowli, Hyderabad – 500 032

Tel: 040-6716 2222,   Fax: 040-2343 1551

Email: einward.ris@karvy.com

Investor Grievance Email: mahindrafinance.ncdipo1@karvy.com

Website: www.karisma.karvy.com

Contact Person: Mr. M Murali Krishna

SEBI Registration Number: INR000000221

CIN: U74140TG2003PTC041636

 

Registered Office Details:-

Gateway Building, Apollo Bunder, Mumbai 400001, Maharashtra

Tel: +91 22 6652 6000; Fax: +91 22 2287 5485

Corporate Office: 4th Floor, Mahindra Towers,

Dr. G.M. Bhosale Marg, P.K. Kurne Cowk, Worli,

Mumbai 400018, Maharashtra

Tel: +91 22 6652 6000;  Fax: +91 22 2495 3608

Company Secretary and Compliance Officer: Ms. Arnavaz M. Pardiwalla;

Tel: +91 22 6652 6035;  Fax: +91 22 2495 3608

E-mail: investorhelpline_mmfsl@mahindra.com;

Website: www.mahindrafinance.com

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