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Incorporated in 2010, Manappuram Home Finance Ltd is a non-deposit taking Housing Finance Company authorized by the National Housing Bank.
It is a wholly-owned subsidiary of Manappuram Finance Limited, which is an NBFC providing loans against household and gold jewellery.
The company provides housing finance to MIG, LIG, EWS segments in the towns, Tier II and Tier III cities in the country at affordable pricing.
Manappuram Home Finance offers mainly two products which are Loan Against Property (LAP) and Home Loan. As on 31st March 2019, it has around 6,184 customers based on the number of loan products and AUM was Rs 51,875.81 lakhs.
1. Strong Parentage of Manappuram brand
2. Variety of funding sources
3. Well defined business processes
4. Healthy asset quality
5. Effective risk management system
| Issue Open | September 30, 2019 - October 29, 2019 |
| Security Name | Manappuram Home Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 100.00 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 | CARE AA-/Stable |
| Tenor | 36 months/ 60 months/ 2500 days |
| Series | Series 1 to Series 7 |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 10% |
| Category 2 | 40% |
| Category 3 | 50% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 100,000 |
| Category 2 | 400,000 |
| Category 3 | 500,000 |
| Category 4 | 0 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annually | Cumulative | Monthly | Annually | Cumulative | Cumulative |
| Tenor | 36 months | 36 months | 36 months | 60 months | 60 months | 60 months | 2500 Days | Coupon Rate | 9.75% | 10.00% | NA | 10.25% | 10.65% | NA | NA |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 1,331 | Rs 1,000 | Rs 1,000 | Rs 1,659 | Rs 2,000 |
The NCDs proposed to be issued under this Issue have been rated "CARE AA-; Stable" (AA minus; Outlook Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to Rs 20,000 lakhs, vide its letter dated August 26, 2019 and revalidated letter dated September 16, 2019 and the Rating Rationale letter dated August 28, 2019. The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations.
Manappuram Finance Limited is the promoter of the company.
The details of the proceeds of the Issue towards funding the following objects:
1. For the purpose of onward lending, financing and repayment of interest and principal of existing borrowings; and
2. For General Corporate Purposes
The Manappuram Home Finance NCD Sept 2019 was subscribed 1.36 times on October 29, 2019 5:00:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 3 | 2.00x |
| Category 2 (NII) | 0.91x |
| Category 1 (QIB) | 0.01x |
| Total | 1.36x |
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Manappuram Home Finance Limited
Unit No. 301-315, 3rd Floor, Wing A,
Kanakia Wall Street, Andheri Kurla Road,
Andheri East, Mumbai 400093, Maharashtra India
Phone: +91 22 66211000
Email: cs.sreedivya@manappuramhomefin.com
Website: https://www.manappuramhomefin.com/
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: manappuramhomefin.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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