Incorporated in 1992, Manappuram Finance Limited is a Thrissur, Kerala based non-banking financial company (NBFC). The products offered by the company includes Gold Loan, SME Finance, Forex & Money Transfer, Vehicle Loan and Other NBFC related services.
The company provides loans against gold jewelry and provide short-term personal and business gold loans to retail customers. The other business verticals include Vehicle and Equipment Finance Business, Payments business, SME business and fee-based services including forex and money transfer. Further, the company has also expanded into microfinance business and insurance broking through its Subsidiary MAIBRO.
The Gold Loans portfolio of the company as of March 31, 2018, comprised approximately 2.25 million customers aggregating Rs 117,349.82 million and accounting for 76.21% of the total loans.
Mannapuram Finance has a network of 3,331 branches spread across 28 states and union territories of India.
Type of instrument
Nature of Instrument
Secured NCDs of the face value of Rs. 1,000 each
39 months, 60 months, 120 months
Coupon (% per annum)
9.35% to 10.19%
|Issue Open||Jan 28, 2019 - Feb 27, 2019|
|Security Name||Manappuram Finance Limited|
|Security Type||Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)|
|Issue Size (Base)||Rs 150.00 Crores|
|Issue Size (Shelf)||Rs [.] Crores|
|Issue Price||Rs 1000 per NCD|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||10 NCD|
|Market Lot||10 NCD|
|Basis of Allotment|
The promoters of the company are V. P. Nandakumar and Sushama Nandakumar.
The objects of this Tranche II Issue and the amount proposed to be financed from the net proceeds are:
1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company
2. General Corporate Purposes
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Manappuram Finance Limited
IV/470A (Old) W/638A(New)
Thrissur 680 567
Phone: +91 487 305 0000
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