[.]| Listing at BSE | Mon, Dec 30, 2013 - Mon, Jan 20, 2014
Manappuram Finance Ltd. NCD issue is a public issue of , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹[.] Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Manappuram Finance Ltd. NCD issue opens on Dec 30, 2013 and closes on Jan 20, 2014. NCD are proposed to be listed on BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 10 NCD(s).
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
ICICI Securities Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the [.] for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, Dec 30, 2013
Close Date
Mon, Jan 20, 2014
Issue Size (Overall)
[.]
Manappurm Finance Ltd is one of the leading listed NBFCs lending money against the pledge of household and/or used gold jewellery (“Gold Loans”) and the second largest Gold Loan provider in India. They provides short-term personal and business Gold Loans primarily to retail customers who require immediate availability of funds, but who do not have access to formal credit on an immediate basis. Company have a network of 3,293 branches in 26 states and union territories of India, including 2,299 branches in the southern states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.
They are headquartered in the southern Indian state of Kerala. Company's group commenced operations at Valapad, Thrissur, Kerala and has decades of established history in the money lending business, mainly in small-scale money lending against household and/or used gold jewellery. Company has been in the Gold Loan financing business since 1999. They have also provided other related services, including asset finance, money transfer and foreign exchange, sales of gold coins and business and personal lending. They focus on rapid, on-the-spot approval and disbursement of loans with minimal procedural formalities customers to complete. They have developed various Gold Loan schemes including Gold Loan C1, Gold Loan D1, Gold Loan D2, which offer variable terms in relation to the amount advanced per gram of gold, the interest rate and the amount of the loan, to meet the different needs of various customers.
Company is offering Secured Redeemable non-convertible debentures of Rs. 1000 each having coupon rates of 11.50% to 12.50% with a tenure of 400 days, 2,3,5 years and 70 months. It also offers cumulative, annually and monthly interest payment options translating into yields ranging from 11% to 12.94% depending on the option selected.
The funds raised through this Issue will, subject to applicable statutory and regulatory requirements, be utilized for the capital expenditure and working capital requirements, after meeting the expenditures of and related to the Issue.
[Dilip Davda] According to market pundits, due to poor grading, issuer has tried to lure investors with higher coupon rates. So Avoid
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Manappuram Finance Ltd.
V/104, “Manappuram House”,
Valapad,
Thrissur 680 567, Kerala
Thrissur, Kerala, 680567
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Manappuram Finance Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
