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Manappuram Finance Limited NCD (Manappuram Finance NCD Oct 2018) Detail

Oct 24, 2018 - Nov 22, 2018

Incorporated in 1992, Thrissur based Manappuram Finance Ltd., is one of the major NBFC companies in the gold finance business in India.

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.

Company Promoters:

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

Objects of the Issue:

The objects of the Issue are-

1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company- at least 75%
2. General Corporate Purposes- Maximum of up to 25%

Issue Detail:

  »»  Issue Open: Oct 24, 2018 - Nov 22, 2018
  »»  Issue Type: Fixed Price Issue NCD
  »»  Issue Size: NCD's of Rs. 1000
  »»  Issue Size: Rs. 1,000.00 Crore
  »»  Face Value: Rs. 1000 Per NCD
  »»  Issue Price: Rs. 1000 Per NCD
  »»  Market Lot: 1 NCD
  »»  Minimum Order Quantity: 10 NCD
  »»  Listing At: BSE

Ratings

The Issue has been rated "CARE AA/Stable" by CARE Ratings Limited and "BWR AA+/Stable" by Brickwork Ratings India Private Limited ("Brickwork") for an amount up to ₹ 10,000 million. The rating of the NCDs by CARE and Brickwork indicate a high degree of safety regarding timely servicing of financial obligations.

Offerings

The company offers coupon rates ranging from 9.60% to 10.40% depending on the tenures of 400 days, 24 months, 36 months and 60 months and the mode of interest payments are monthly, annual, cumulative as per investors choice.

Company Contact Information

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

Thrissur 680 567
Phone: (91 487) 305 0000
Fax: (91 487) 239 9298
Email: cs@manappuram.com
Website: http://www.manappuram.com/

Manappuram Finance NCD Oct 2018 Rating

33
3.5
Rating:Rated 3.5 stars

Vote Here ...

Manappuram Finance NCD Oct 2018 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
Fax: +91-22-4918 6060
Email: manappuram.ncd2018@linkintime.co.in
Website: http://www.linkintime.co.in

Manappuram Finance NCD Oct 2018 Lead Manager(s)

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