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Manappuram Finance Limited NCD (Manappuram Finance NCD Jan 2019) Detail

January 28, 2019 - February 27, 2019
Manappuram Finance Limited Logo

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.

Manappuram Finance NCD Jan 2019 Detail

Type of instrument

Secured NCD

Nature of Instrument

Secured NCDs of the face value of Rs. 1,000 each

Credit Ratings

  • Brickworks Ratings - The NCDs proposed to be issued under this Issue have been rated BWR AA+/Stable (pronounced as BWR Double A Plus with Stable outlook)
  • CARE- AA/Stable (pronounced as CARE Double A rating with Stable outlook)


39 months, 60 months, 120 months

Coupon (% per annum)

9.35% to 10.19%

Manappuram Finance NCD Jan 2019 Detail

Issue Open January 28, 2019 - February 27, 2019
Security Name Manappuram Finance Limited
Security Type
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
Listing At BSE
Credit Rating
Payment Frequency
Basis of Allotment First Come First Serve Basis

Company Promoters

The promoters of the company are V. P. Nandakumar and Sushama Nandakumar.

Objects of the Issue

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

Other Issue Detail

Manappuram Finance NCD Jan 2019 Prospectus

Manappuram Finance NCD Jan 2019 Rating

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Company Contact Information

Manappuram Finance Limited
IV/470A (Old) W/638A(New)

Thrissur 680 567

Phone: +91 487 305 0000

Manappuram Finance NCD Jan 2019 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270

Manappuram Finance NCD Jan 2019 Lead Manager(s)

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