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

Manappuram Finance Limited

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

ABOUT THE COMPANY:

Incorporated in 1992, Thrissur based Manappuram Finance Limited.,is one of India’s leading gold loan NBFCs.  Its origins go back to 1949 when it was founded in the coastal village of Valapad (Thrissur District) by  Mr. V.C. Padmanabhan. The firm was involved in pawn broking and money lending carried out on a modest scale.

Manappuram Finance Limited 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.

At Manappuram, technology and customer centricity have always been our key focus areas and They are now leveraging digital channels and even providing their customers doorstep services. They have also derisked their business from the volatility in gold prices by re-aligning the tenure and loan-to-value of our gold loans. These efforts have started fructifying in the form of stable asset quality and profitable growth of their gold loan business.

They are diversifying, with products spanning microfinance, commercial vehicles finance and housing finance, among others. They making steady progress on this front. New businesses currently represent about one-fourth of our total assets and their share is likely to go up in the future. their strategy is to minimise risk profile and enable us to emerge as a larger, multi-product Non-Banking Financial Company (NBFC).

The Gold Loans portfolio of the Manappuram Finance Limited 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 Limited has a network of 3,331 branches spread across 28 states and union territories of India.

Promoters of Manappuram Finance Limited :

The promoters of the company are

(1)V. P. Nandakumar and

(2)Sushama Nandakumar.

Objective of NCD Manappuram Finance Limited NCD:

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%

Manappuram Finance Limited NCD Details:

Open Date: Oct 24 2018
Close Date: Nov 22 2018
Issue Type: Fixed Price Issue NCD
Issue Size: ₹ 1000 Cr.
Face Value: ₹ 1000 Per NCD
Market Lot: 1 NCD
Minimum Order Quantity: 10 NCD
Listing At: NSE,BSE

 

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 ₹ 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.

Company Contact Information

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

Thrissur 680 567
Phone: (91 487) 305 0000
Fax: (91 487) 239 9298
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-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: manappuram.ncd2018@linkintime.co.in
Website: http://www.linkintime.co.in

Manappuram Finance NCD Oct 2018 Lead Manager(s)

A.K. Capital Services Limited
Flat No. N, Sagar Apartments,
6, Tilak Marg,
New Delhi- 110 001

Website:  http://www.akcapindia.com
Email:  rplipo@akgrouponline.com
Phone: 91-11-23385704
Fax: 91-11-23385189

Edelweiss Capital Limited
14th floor, Express Towers,
Nariman Point,
Mumbai – 400 021, India.

Website:  http://www.edelcap.com
Email:  ksk.ipo@edelcap.com
Phone: +91 22 4086 3535
Fax: +91 22 2288 2119

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