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Manappuram Finance Limited NCD Dates, Size, Allotment, Subscription, RHP & more

Let’s have a detailed review of the company and analytics of the Manappuram Finance Limited NCD release date, NCD issue size, subscription, Manappuram Finance Limited NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.

Manappuram Finance Limited NCD – October 2018 Detail

Credit RatingCARE AA;Stable by CARE and BWR AA+/Stable by Brickwork Ratings
Issue OpenOctober 24, 2018
Issue CloseNovember 22, 2018
Issue Size (Base)Rs. 2,000 million
Issue Size (Shelf)Rs. 10,000 million
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Tenor400 days/ 24 months/ 36 months/ 60 months/ 2557 days
SeriesSeries I to Series X
Payment FrequencyMonthly, Cumulative and Annual
Basis of Allotment

Manappuram Finance Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameManappuram Finance Limited
Security TypeSecured, Non-Convertible Debentures (NCDs)
Coupon payment frequencyMonthly, Cumulative and Annual
Coupon typeFixed
Tenor39 months/ 60 months/ 96 months/ 120 months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeCatalyst Trusteeship Limited

Manappuram Finance Limited NCD Dates

The opening and the closing date of Manappuram Finance Limited NCD is October 24, 2018 to November 22, 2018.


Manappuram Finance Limited NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day : till 19th Sept
10th – 20th Day : till
20th – 30th Day : till
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Manappuram Finance Limited NCD Allotment Status

Here, you can find the Allotment Status of this NCD.


Manappuram Finance Limited NCD Share Offering

Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.

Manappuram Finance Limited NCD Allocation Ratio

NCD Allocation Ratio
CategoryNCD’s Allocated
QIB – Category 110%
NII – Category 210%
HNI – Category 330%
RII – Category 450%

Manappuram Finance Limited NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 110,00,000
NII – Category 210,00,000
HNI – Category 330,00,000
RII – Category 450,00,000
Total NCD’s1,00,00,000

Manappuram Finance Limited NCD Coupon Rates

SeriesIIIIIIIVVVIVIIVIIIIXX
Interest
type
FixedFixedFixedFixedFixedFixedFixedFixedFixedFixed
Frequency
of Payment
Cumulat
ive
MonthlyMonthl
y
AnnualAnnualAnnualCumula
tive
CumulativeCumulativeCumulative
Tenor400
days
36
months
60
months
24
months
36
months
60
months
24
months
36 months60 months2,557 days
CouponNA9.60%10.00%9.85%10.00%10.40%NANANANA
Effective
Yield
9.70%10.02%10.46%9.85%9.99%10.39%9.85%10.00%10.40%10.40%
Redemption amount1,106.831,000.001,000.0
0
1,000.0
0
1,000.0
0
1,000.0
0
1206.811331.521640.822,000.00
Put and call
option
NA
Redemption
Date
400 days36 months60 months24 months36 months60 months24 months36 months60 months2557 days
Minimum
Application
and in
multiples
thereafter
₹ 10,000 (10 NCDs) collectively across all Series and in multiples of ₹1,000 (1 NCD) thereafter across all Series
Face ValueRs. 1,000 (1 NCD)
Mode of PaymentThrough various options available

Manappuram Finance Limited NCD Issue Object

These are the NCD Issue Objects of the company

  • For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
  • General corporate purposes

Manappuram Finance Limited – Company Overview

They are one of the major NBFC players in the gold finance business in India. They provide loans against the pledge of household and/or used gold jewellery and provide short-term personal and business gold loans (“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.

Their Gold Loans portfolio as of March 31, 2018 comprised approximately 2.25 million customers aggregating a principal amount of ₹ 117,349.82 million in Gold Loans, which accounted for 76.21% of their total loans on a consolidated basis. As of June 30, 2018, they disbursed Gold Loans to our customers from a network of 3,331 branches of their Company in 28 states and union territories of India, including 2,236 branches in the southern states of Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu.

They are headquartered in the southern Indian state of Kerala. The Company commenced operations from Valapad, Thrissur, Kerala and have decades of established history in the money lending business, mainly in small-scale money lending against household and/or used gold jewellery. The Company has been in the gold loan financing business since 1999.

Historically, they have also provided other related services, including asset finance, money transfer and foreign exchange, sales of gold coins and business and personal lending. Their lending functions are supported by an in-house, custom developed information technology platform that allows them to, among other things, record relevant customer details, approve and disburse the loan.

Their technology platform also handles internal audit, risk monitoring and management of the relevant loan and pledged gold related information.


Manappuram Finance Limited NCD Lead Managers

Lead Managers
A. K. Capital Services Limited

Edelweiss Financial Services Limited


Manappuram Finance Limited NCD Debenture Trustee

Debenture Trustee
Catalyst Trusteeship Limited
‘GDA House’, Plot No. 85,
Bhusary Colony (Right),
Kothrud, Pune 411 038,
Tel:(9122)4922 0543
Fax:(91 20)49220505
Investor Grievance Email:[email protected]
Website:www.catalysttrustee.com
Contact Person:Umesh Salvi
SEBI Registration Number: IND000000034

Manappuram Finance Limited NCD Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101,1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400083
Tel: (91 22)4918 6200
Fax: (91 22)4918 6195
Investor Grievance Email:manappuram.ncd20[email protected]
Website:www.linkintime.co.in
Contact Person:Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Manappuram Finance Limited NCD Ratings

The NCDs proposed to be issued pursuant to this Issue have been rated “CARE AA/Stable” by CARE Ratings Limited(“CARE”) for an amount of up to₹10,000million by way of its letter dated August 20, 2018 and revalidated by way of its letter dated October 8, 2018 and have been rated “BWR AA+/Stable” by Brickwork Ratings India Private Limited(“Brickwork”)for an amount up to₹10,000million by way of its letter dated August 29,2018 and further revalidated by way of its letter dated October 11, 2018.

The rating of the NCDs by CARE and Brickwork indicates high degree of safety regarding timely servicing of financial obligations.


Manappuram Finance Limited NCD News

News 1 – Download RHP Prospectus


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