HSL Mobile App Manappuram Finance Limited NCD
Manappuram Finance Limited (MFL) is one of the major NBFC players in the gold finance business in India. MFL provides loans against the pledge of household and/or used gold jewellery and provides short-term personal and business gold loans (“Gold Loans”) primarily to retail customers. MFL has decades of established history in the money lending business, since 1999, mainly in small-scale money lending against household and/or used gold jewellery. Historically, the company has also provided other related services, including asset finance, money transfer and foreign exchange, sales of gold coins and business and personal lending.
MFL’s Gold Loan customers are largely individuals from rural, semi-urban areas and metro cities, including, Mumbai, Delhi, Chennai and Bengaluru. The other business verticals of the company include Vehicle and Equipment Finance Business, Payments business, SME business and more.
Manappuram Finance NCD Issue Details
| Issuer | Manappuram Finance Limited | ||||||||||||
| Type of instrument/ Nature/ Name of the security/ Seniority |
Secured, redeemable, non-convertible debentures | ||||||||||||
| Issue Size | Public issue by the Company of secured, redeemable, non-convertible debentures of face value of Rs.1,000 each for an amount aggregating up to Rs.1,000 crores | ||||||||||||
| Issue opening date | Monday , 28th January 2019 | ||||||||||||
| Issue closing date** | Wednesday , 27th February 2019 | ||||||||||||
| Allotment | Compulsorily in dematerialised form | ||||||||||||
| Face value | Rs 1,000 per NCD | ||||||||||||
| Issue Price | Rs 1,000 per NCD | ||||||||||||
| Minimum Application size and in multiples of NCD thereafter | Rs.10,000 (10 NCDs) collectively across all Series and in multiples of Rs.1,000 (1 NCD) thereafter across all Series | ||||||||||||
| Listing | The NCDs are proposed to be listed on BSE. BSE shall be the Designated Stock Exchange for the Issue. The NCDs shall be listed within six Working Days from the Tranche II Issue Closing Date. | ||||||||||||
| Rating |
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| Security and Asset Cover | The principal amount of the Secured NCDs to be issued in terms of the Draft Shelf Prospectus, this Shelf Prospectus and/or the relevant Tranche Prospectus(es) together with all interest due and payable on the Secured NCDs, thereof shall be secured by way of first pari passu charge in favour of the Debenture Trustee on an identified immovable property and first pari passu charge on receivables of the Company, both present and future, book debts, loans and advances and current assets of the Company, created in favour of the Debenture Trustee, as specifically set out in and fully described in the Debenture Trust Deed, except those receivables present and/or future specifically and exclusively charged in favour of certain existing charge holders, such that a security cover of 100% of the outstanding principal amounts of the Secured NCDs and interest thereon is maintained at all time until the Maturity Date. |
Click Here to Invest in Manappuram Finance NCD
| Series | I | II | III | IV | V | VI | VII |
| Frequency of Interest Payment | Monthly | Monthly | Annual | Annual | NA | NA | NA |
| Tenor | 36 months | 60 months | 36 months | 60 months | 36 months | 60 months | 2,617 days |
| Coupon (%) for all Investor categories * | 9.35% | 9.75% | 9.75% | 10.15% | NA | NA | NA |
| Effective Yield (per annum) (Approx.) for all Investor categories * |
9.75% | 10.19% | 9.74% | 10.14% | 9.75% | 10.15% | 10.15% |
| Redemption amount (Rs. per NCD) | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 1,322.30 | 1,622.38 | 2,000.00 |
| Redemption Date (Years from the Deemed Date of Allotment) |
36 months | 60 months | 36 months | 60 months | 36 months | 60 months | 2,617 days |
| Minimum Application and in multiples thereafter | Rs. 10,000 (10 NCDs) collectively across all Series and in multiples of Rs. 1,000 (1 NCD) thereafter |
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| Interest type | Fixed | ||||||
| Put and call option | NA | ||||||
| Mode of Interest Payment | Through various options available | ||||||
