Manappuram Finance Limited NCD (Manappuram Finance NCD Oct 2018) Detail

October 24, 2018 - November 22, 2018

Incorporated in 1992, Thrissur based Manappuram Finance Ltd., is one of the major NBFC companies in the gold finance business in India.

The company provides loans against gold jewelry and provide short-term personal and business gold loans to retail customers. The other business verticals include Vehicle and Equipment Finance Business, Payments business, SME business and fee-based services including forex and money transfer. Further, the company has also expanded into microfinance business and insurance broking through its Subsidiary MAIBRO.

The Gold Loans portfolio of the company as of March 31, 2018, comprised approximately 2.25 million customers aggregating Rs 117,349.82 million and accounting for 76.21% of the total loans.

Mannapuram Finance has a network of 3,331 branches spread across 28 states and union territories of India.

Manappuram Finance NCD Oct 2018 Detail

Issue Open	October 24, 2018 - November 22, 2018
Security Name	Manappuram Finance Limited
Security Type
Issue Size (Base)	Rs 1,000.00 Crores
Issue Size (Shelf)	Rs [.] 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
Tenor
Series
Payment Frequency
Basis of Allotment	First Come First Serve Basis

Company Promoters

The promoters of the company are V. P. Nandakumar and Sushama Nandakumar.

Objects of the Issue

The objects of the Issue are-

1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company- at least 75%
2. General Corporate Purposes- Maximum of up to 25%

Ratings

The Issue has been rated "CARE AA/Stable" by CARE Ratings Limited and "BWR AA+/Stable" by Brickwork Ratings India Private Limited ("Brickwork") for an amount up to Rs 10,000 million. The rating of the NCDs by CARE and Brickwork indicate a high degree of safety regarding timely servicing of financial obligations.

Offerings

The company offers coupon rates ranging from 9.60% to 10.40% depending on the tenures of 400 days, 24 months, 36 months and 60 months and the mode of interest payments are monthly, annual, cumulative as per investors choice.

Manappuram Finance NCD Oct 2018 Prospectus

Manappuram Finance NCD Oct 2018 Rating

3.5

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Company Contact Information

Manappuram Finance Limited
IV/470A (Old) W/638A(New)

Thrissur 680 567

Phone: (91 487) 305 0000
Email: cs@manappuram.com
Website: http://www.manappuram.com/

Manappuram Finance NCD Oct 2018 Registrar

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: manappuram.ncd2018@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Manappuram Finance NCD Oct 2018 Lead Manager(s)

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