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Issue Open | September 30, 2019 |
Issue Close | October 29, 2019 |
Issue Size (Base) | ₹100.00 Crores |
Issue Size (Shelf) | ₹100.00 Crores |
Issue Price | ₹1000 per NCD |
Listing At | BSE |
Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
Bid/Offer Opens On | September 30, 2019 |
Bid/Offer Closes On | October 29, 2019 |
Record Date | |
Deemed Date of Allotment |
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 |
Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.
You could check Manappuram Home Finance Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).
Note that there is no official source of GMP Rate as they are over-the-counter transactions.
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.
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