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%
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
»» Issue Open: Jan 28, 2019 - Feb 27, 2019
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: NCD's of Rs. 1000
»» Issue Size: Rs. 150.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 10 NCD
»» Minimum Order Quantity: 10 NCD
»» Listing At: BSE
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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
Fax: +91-22-4918 6060
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