Hawkins Cookers to launch corporate FD scheme offering up to 8% interest
Cookware maker Hawkins Cookers will open a corporate fixed-deposit programme on September 16, with 7.5% returns for 13 months, 7.75% for 24 months and 8% for 36 months. Deposits range from Rs 25,000 to Rs 50 lakh; the programme is rated ICRA AA- (Stable).
What happened
Indian cookware brand Hawkins Cookers will launch a corporate FD scheme on September 16, offering 7.5%-8% interest across 13-, 24- and 36-month tenures. The
Key facts
- Up to 8% interest
- 13-month FD: 7.5%
- 24-month FD: 7.75%
- 36-month FD: 8%
- Minimum investment: Rs 25,000
What changed
Indian cookware brand Hawkins Cookers will launch a corporate FD scheme on September 16, offering 7.5%-8% interest across 13-, 24- and 36-month tenures. The ICRA AA- rated scheme accepts deposits from Rs 25,000 to Rs 50 lakh.
Why this matters
Hawkins’ corporate FD launch broadens its funding mix, potentially supporting working capital and expansion while raising the need for disciplined liquidity management.
What to watch
- Announced aggregate fundraising target, subscription status, oversubscription or extension of the September 16 opening.
- Quarterly change in finance costs, total borrowings, cash balances, working-capital days and interest-coverage metrics.
- Capital-expenditure, capacity-expansion, automation or distribution investments disclosed after the raise.
- ICRA rating outlook changes, covenant disclosures, or any revision in the offered coupon/tenure structure.
- Cookware demand, input-cost trends and operating-margin performance, which determine whether deployment returns exceed the roughly 8% funding cost.