Manappuram Finance Limited NCD Dates, Size, Allotment, Subscription, RHP & more
Last Updated Date: Nov 18, 2022Let’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 Rating | CARE AA;Stable by CARE and BWR AA+/Stable by Brickwork Ratings |
| Issue Open | October 24, 2018 |
| Issue Close | November 22, 2018 |
| Issue Size (Base) | Rs. 2,000 million |
| Issue Size (Shelf) | Rs. 10,000 million |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Tenor | 400 days/ 24 months/ 36 months/ 60 months/ 2557 days |
| Series | Series I to Series X |
| Payment Frequency | Monthly, Cumulative and Annual |
| Basis of Allotment |
Manappuram Finance Limited NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Manappuram Finance Limited |
| Security Type | Secured, Non-Convertible Debentures (NCDs) |
| Coupon payment frequency | Monthly, Cumulative and Annual |
| Coupon type | Fixed |
| Tenor | 39 months/ 60 months/ 96 months/ 120 months |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Catalyst 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 / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total 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 | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 10% |
| NII – Category 2 | 10% |
| HNI – Category 3 | 30% |
| RII – Category 4 | 50% |
Manappuram Finance Limited NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 10,00,000 |
| NII – Category 2 | 10,00,000 |
| HNI – Category 3 | 30,00,000 |
| RII – Category 4 | 50,00,000 |
| Total NCD’s | 1,00,00,000 |
Manappuram Finance Limited NCD Coupon Rates
| Series | I | II | III | IV | V | VI | VII | VIII | IX | X |
| Interest type |
Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed |
| Frequency of Payment |
Cumulat ive |
Monthly | Monthl y |
Annual | Annual | Annual | Cumula tive |
Cumulative | Cumulative | Cumulative |
| Tenor | 400 days |
36 months |
60 months |
24 months |
36 months |
60 months |
24 months |
36 months | 60 months | 2,557 days |
| Coupon | NA | 9.60% | 10.00% | 9.85% | 10.00% | 10.40% | NA | NA | NA | NA |
| Effective Yield |
9.70% | 10.02% | 10.46% | 9.85% | 9.99% | 10.39% | 9.85% | 10.00% | 10.40% | 10.40% |
| Redemption amount | 1,106.83 | 1,000.00 | 1,000.0 0 |
1,000.0 0 |
1,000.0 0 |
1,000.0 0 |
1206.81 | 1331.52 | 1640.82 | 2,000.00 |
| Put and call option |
NA | |||||||||
| Redemption Date |
400 days | 36 months | 60 months | 24 months | 36 months | 60 months | 24 months | 36 months | 60 months | 2557 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 Value | Rs. 1,000 (1 NCD) | |||||||||
| Mode of Payment | Through 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
Email:complianceCTL-Mumbai@ctltrustee.com
Investor Grievance Email:grievance@ctltrustee.com
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
Email:manappuram.ncd2018@linkintime.co.in
Investor Grievance Email:manappuram.ncd2018@linkintime.co.in
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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