Logo
Search Icon
Header BG

9.70%Magma HDI General Insurance Company Limited 28 Dec 2033

ISIN:
INE312X08026
Copy icon

card-bg

Taxable

Tax Category

card-bg

28 Dec, 2028

Call Date
(4 Yr 6 Mo 15 D to call)

card-bg

Yearly

Interest Payment Frequency

card-bg

No

NRI Eligibility

card-bg

28 Dec, 2023

Allotment Date

card-bg

NA

Put Date

card-bg

28 Dec, 2024

Next Interest Payment Date

card-bg

15 days

Shut Period

card-bg

Both

Active on NSDL/CDSL

card-bg

Non-Guaranteed

Type of Guarantee

card-bg

No

Perpetual

card-bg

Private Placement

Mode of Issue

card-bg

Listed

Listing Details

card-bg

Non Public Sector Undertaking

Type of Issuer

card-bg

₹NaN

Dirty Price

YOUR EARNING
gray-flag icon
Your Investment

green-flag icon
Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA
CARE
Subordinated Tier 2

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
logo
Magma HDI General Insurance Company Limited

Sanoti Properties LLP, an entity jointly held by Adar Poonawalla and Rising Sun Holdings Pvt Ltd holds in the Company. With over 70 products across various categories, they have solutions to secure all major risks in the general insurance sphere. From retail products like Motor , Health, Personal Accident, and Home to commercial products like Fire, Engineering, Liability, Marine, our wide array of covers coupled with high-quality and agile service delivery have been the pillars of our foundation.

The ratio in FY23 is - 0.36x and it was -6x in FY22, indicating increased debt level as incurred huge losses in FY23.

Info icon

Debt/EBITDA

The ratio in FY23 is -31.84x and it was -348.81x in FY22, indicating decreased debt servicing ability of the issuer due to huge losses in FY23

Info icon

Interest coverage ratio

Recent News
News Thumbnail
Magma HDI General Insurance introduces the ‘Battery Secure Add On’ for privately owned vehicles

Mar 30, 2024 | Magma HDI General Insurance Company Limited

News Thumbnail
Poonawalla Fincorp to divest stake in Magma HDI General Insurance

Mar 30, 2024 | Magma HDI General Insurance Company Limited

Related Videos
Video ThumbnailPlay Button
5 Cs of Credit Analysis

Character, Capacity, Capital, Collateral, and Claims priority: the quintessential factors.

Video ThumbnailPlay Button
Bond Market Strategies

Bond Strategies Unplugged: Decoding Proven Tactics for Successful Investing

STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, send a request for the Rating Rationale. You will receive an email shortly.
₹100.0287
Price
9.6515%
Yield
Header BG
Principal Amount
Accrued Interest from

Enter no. of bonds you want to buy

BOND VALUE DETAILS

Face Value
Market Value
Stamp Duty
Total Investment
similar bonds
Bond Logo
10.65% Indiabulls Housing Finance Limited 05 Jun 2027
05 Jun, 2027
Maturity Date
₹1,00,000
Minimum Qty
INE894F08087
Launch Icon
ISIN
Yearly
IP Frequency
12%
Yield
₹96.7644
Price
CAREAA+ Stable
Bond Logo
10.75% Navi Finserv Limited 18 Oct 2025
18 Oct, 2025
Maturity Date
₹2,00,000
Minimum Qty
INE342T07395
Launch Icon
ISIN
Yearly
IP Frequency
10.508%
Yield
₹100.3272
Price
CRISILA

Still looking for assistance?