Incorporated in 2010, Manappuram Home Finance Ltd is a non-deposit taking Housing Finance Company authorized by the National Housing Bank.
It is a wholly-owned subsidiary of Manappuram Finance Limited, which is an NBFC providing loans against household and gold jewellery.
The company provides housing finance to MIG, LIG, EWS segments in the towns, Tier II and Tier III cities in the country at affordable pricing.
Manappuram Home Finance offers mainly two products which are Loan Against Property (LAP) and Home Loan. As on 31st March 2019, it has around 6,184 customers based on the number of loan products and AUM was ₹51,875.81 lakhs.
1. Strong Parentage of Manappuram brand
2. Variety of funding sources
3. Well defined business processes
4. Healthy asset quality
5. Effective risk management system
| Issue Open | Sep 30, 2019 - Oct 29, 2019 |
| Security Name | Manappuram Home Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 100.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | CARE AA-/Stable |
| Tenor | 36 months/ 60 months/ 2500 days |
| Series | Series 1 to Series 7 |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
NCD's allocated in each investor category:
Category  | NCD's Allocated |
|---|---|
| Category 1 (QIB) | 10% |
| Category 2 (NII) | 40% |
| Category 3 (HNI) | 50% |
| Category 4 (RII) | 0% |
NCD's offered in each investor category:
| Category | NCD's Reserved |
|---|---|
| Category 1 (QIB) | 100,000 |
| Category 2 (NII) | 400,000 |
| Category 3 (HNI) | 500,000 |
| Category 4 (RII) | 0 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annually | Cumulative | Monthly | Annually | Cumulative | Cumulative |
| Tenor | 36 months | 36 months | 36 months | 60 months | 60 months | 60 months | 2500 Days | Coupon Rate | 9.75% | 10.00% | NA | 10.25% | 10.65% | NA | NA |
| Amount on Maturity | ₹1,000 | ₹1,000 | ₹1,331 | ₹1,000 | ₹1,000 | ₹1,659 | ₹2,000 |
The NCDs proposed to be issued under this Issue have been rated "CARE AA-; Stable" (AA minus; Outlook Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to ₹20,000 lakhs, vide its letter dated August 26, 2019 and revalidated letter dated September 16, 2019 and the Rating Rationale letter dated August 28, 2019. The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations.
Manappuram Finance Limited is the promoter of the company.
The details of the proceeds of the Issue towards funding the following objects:
1. For the purpose of onward lending, financing and repayment of interest and principal of existing borrowings; and
2. For General Corporate Purposes
0 0.0 Rating:  Vote Here ... |
Manappuram Home Finance Limited
Unit No. 301-315, 3rd Floor, Wing A,
Kanakia Wall Street, Andheri Kurla Road,
Andheri East, Mumbai 400093, Maharashtra India
Phone: +91 22 66211000
Email: cs.sreedivya@manappuramhomefin.com
Website: https://www.manappuramhomefin.com/
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
Email: manappuramhomefin.ncd@linkintime.co.in
Website: http://www.linkintime.co.in
Guaranteed Save 60% to 90% Brokerage
You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.
We can help you choosing the right broker. Contact us today...
Useful Articles
No comments found. Be the first to post a comment.
Compare Share Broker in India
Download Our Mobile App
Visit our other websites
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Account Best Broker for Beginners More Reports...Reviews (Discount Broker)
Zerodha (₹20/trade) Edelweiss (₹10/trade) Upstox (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Reviews (Full-service)
ICICI Direct Motilal Oswal HDFC Sec Sharekhan IIFL Securities More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading Homepage
Options Overview
Benefits & Risks of Options
Options Pricing
Options Trading FAQs
Options Trading Glossary
Broker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI Homepage
Best NRI Trading Account
Best NRI 3-in-1 Account
Top 10 Discount Brokers
Top 10 Full-Service Brokers
NRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
Comments