Manappuram Finance Limited NCD

Manappuram Finance Limited Profile

Manappuram Finance Limited NCDManappuram Finance Ltd. is one of India’s leading gold loan NBFCs. Promoted by Shri. V.P. Nandakumar, the current MD & CEO. Its origins go back to 1949 when it was founded by his late father Mr. V.C. Padmanabhan in the coastal village of Valapad (Thrissur District). The organization was involved in pawn broking and money lending carried out on a modest scale.

Manappuram Finance Limited is coming up with the public issue of secured, redeemable NCDs having face value Rs 1000 each with a base issue size of Rs 1500 Million with an option to retain oversubscription of up to Rs 5870 Million aggregating up to Rs 7370 Million (Tranche II issue size) which is within the shelf limit if Rs 10,000 Million.

Key Strengths:

The customer is important: There products aim at delivering value to the customer. They believe that time is precious and everyone is entitled to courtesy and prompt service with high levels of transparency.

Integrity: They set great store by ethical values and practices in all dealing. They believe in transparency and in following the laws of the land without ambiguity.

Cutting edge technology: As a pioneer in the introduction of technology into the gold loan sector, they believe in constantly updating technology to keep costs low and deliver better service for customers.

Manappuram Finance Limited Promoters:

Shri. V.P. Nandakumar is the Promoter of the Company.

Manappuram Finance Limited NCD details:

Issue Opening Date:         January 28, 2019

Issue Closing Date:            February 27, 2019

Allotment:                           Allotment on First Come First Serve Basis

Credit Rating:                     ‘BWR AA+’/ Stable and ‘CARE AA’/Stable

Minimum Application:    Rs 10,000 (10 NCD) across all Series collectively

In Multiples of thereafter: Rs 1,000 (1 NCD)

Face Value   :                       Rs 1000

Issuance Mode:                  Demat

Application Mode: Compulsorily ASBA

Issue Size: Public issue of secured, redeemable NCDs having face value Rs 1000 each with a base issue size of Rs 1500 Million with an option to retain oversubscription of up to Rs 5870 Million aggregating up to Rs 7370 Million (Tranche II issue size) which is within the shelf limit if Rs 10,000 Million.

Interest Rate & Frequency

Series I II III IV^ V VI VII
Interest Type Fixed
Tenure (Months) 36 60 36 60 36 60 2617 days
Frequency of Interest Payment Monthly Monthly Annual Annual NA NA NA
Coupon (%) For NCD holders in all the categories 9.35% 9.75% 9.75% 10.15% NA NA NA
Effective Yield (per annum) (Approx) for all Investor categories 9.75% 10.19% 9.74% 10.14% 9.75% 10.15% 10.15%
Redemption Amount (Rs/NCD) 1000 1000 1000 1000 1322.30 1622.38 2000
Redemption Date (Years from the Deemed Date of Allotment) 36 60 36 60 36 60 2617 days

 

(Visited 22 times, 1 visits today)