8.05%Kotak Mahindra Prime Limited 24 Apr 2029
ISIN:
INE916DA7SS8
Taxable
Tax Category
24 Apr, 2029
Maturity Date
(4 Yr 7 Mo 10 D to mature)
Yearly
Interest Payment Frequency
No
NRI Eligibility
24 Apr, 2024
Allotment Date
NA
Put Date
24 Apr, 2025
Next Interest Payment Date
7 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
YOUR EARNING
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Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Kotak Mahindra Prime Limited
Kotak Mahindra Prime Limited was established as Kotak Mahindra Primus Limited in 1996 as a 60:40 joint venture between Kotak Mahindra Bank Limited and Ford Credit International (FCI). FCI exited the venture in 2005, and the company was subsequently renamed Kotak Mahindra Prime Limited. At present, KMBL has a 51% stake in KMPL and the balance is held by Kotak Securities Limited, which is a wholly-owned step-down subsidiary of KMBL.
The ratio in FY24 is 9.59x and it was 9.10x in FY23, indicating increase in debt levels, due to increase in the borrowings as well as decrease in the profitability of the issuer in FY24.
Debt/EBITDA
The ratio in FY24 is 1.65x and it was 2.07x in FY23, indicating decreasing issuers debt service ability, due to increase in Interest on Term loans and Interest on debt securities - NDC and other expenses increase which led to overall increase in the finance cost.
Interest coverage ratio
Recent News
Launch of ‘Care on Wheels’ initiative to Enhance Community Healthcare in Ahmedabad, Gujarat
Feb 19, 2024 | Kotak Mahindra Prime Limited
Gogoro, Zomato and Kotak Mahindra Prime Partner in India to Accelerate Ownership of Electric Two-wheel Vehicles by Last Mile Delivery Partners
Jun 04, 2024 | Kotak Mahindra Prime Limited
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