Magma Fincorp is coming up with Secured Redeemable Non-Convertible Debentures NCDs. The subscription to start from 8th April 2019. Magma Fincorp will offer 10.75% interest rates on the NCDs. Magma Fincorp is incorporated in 1978 and its a non banking finance services provider company. They have over 11 lakh active customers and over 300 branches in 21 states in India.
L&T Finance NCD Issue Details:
- NCD Issue Open: 08 April 2019
- NCD Issue Close: 08 May 2019
- NCD Issue Size: Rs.500 Crore
- Price Band: Rs.1000
- Interest Rate: Upto 10.75% ** (Annually)
- Minimum Investment: 10 Bonds (Rs 10,000)
- Maximum Investment: 1,000 Bonds (Rs 10,00,000)
- Listing: BSE, NSE
Magma Fincorp NCD Issue Rating:
- Brickworks Ratings India Ratings: BWR AA / Stable
- Acuite Ratings & Research Ratings: ACUITE AA / Stable
Magma Fincorp NCD Issue Listing:
- NCD Bonds will be list on BSE & NSE.
Magma Fincorp NCD Issue Promoters:
- Celica Developers Private Limited
- Microfirm Capital Private Limited
- Ashita Poddar
- Kalpana Poddar
- Mansi Poddar
- Shaili Poddar
How to Apply Magma Fincorp NCD Issue?
You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
Magma Fincorp NCD (April 2019) Issue Tenure & Interest Rates: Details
| Annual | Monthly | Annual | Cumulative |
| 3 Years | – | 10.24% | 10.24% |
| 5 Years | 10.50% | 10.49% | 10.50% |
| 10 Years | 10.76% | 10.74% | – |
Magma Fincorp NCD Lead Manager:
- A.K. Capital Services Limited
- Catalyst Trusteeship Limited
- Edelweiss Capital Limited
Magma Fincorp NCD (April 2019) Allotment Status:
- Magma Fincorp NCD issue allotment available on karvy.com
NCD Registrar:
Karvy Computershare Private Limited
Phone: + 91 40 23312454
Email: [email protected]
Website: http://karishma.karvy.com
Company Information:
Magma Fincorp Ltd
Magma House,
24 Park Street,
Kolkata – 700 016
Phone: +91 33 4401 7350 / 7200
Email: [email protected]
Website: https://magma.co.in
