Manappuram Finance NCD 2019 – NCD Issue in January-February 2019
Manappuram Finance NCD January 2019: Manappuram Finance Limited is issuing the Non-Convertible Debenture (NCD) from 28-January-2019 to 27-February-2019.
Manappuram Finance Limited, which is issuing its NCD is India’s well known gold finance company.
Manappuram Finance Limited NCD 2019 2019 Details
|Issue Type||Fixed Price Issue Non-Convertible Debentures|
|Issuer||Manappuram Finance Limited|
|Interest||Up to 10.15%|
|Face Value||Rs 1,000 Per NCD|
|Issue Size||Rs 737 Crores|
|Minimum Order||10 NCD (Rs 10,000)|
Objectives of the Manappuram Finance Limited NCD 2019 Issue
The following are the objectives of this issue:-
- For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the company.
- General Corporate Purposes.
Manappuram Finance Limited NCD 2019 Issue Rating
The following major rating agencies have given their ratings to the NCD issue:-
- Brickwork: BWR AA+’/Stable
- CARE Ratings: CARE AA’/ Stable
Manappuram finance is one of the major gold loan NBFCs in India. It has the primary business related to gold finance. It provides short-term personal loans against gold jewellery and business loans. It focuses primarily on retail customers. This company was incorporated as Manappuram General Finance and Leasing Limited in July 1992 at Thrissur, Kerala. Its name was changed to Manappuram Finance Limited in June 2011. The other involvements of the company include Vehicle and Equipment Finance Business, Payments, SME, FOREX and money transfer.
This company has also expanded its other business verticals such as microfinance business through its subsidiary AML, housing finance business through its subsidiary MHFL and insurance broking through its subsidiary MAIBRO. This company as a portfolio of 2.25 million. It has 3,331 branches across 28 states and UTs in India.
The company has developed the following gold loan schemes in order to meet the customer’s loan requirements:-
- Swarna Shakti (GL-SX)
- Express Gold Loan Plus (GL-XG+)
- Super Loan Plus (GL-SG+)
- Samadhan Plus (GL-SA+)
- Privilege Loan (GL-PL)
- Business Loan (GL-BL) etc.
Address: IV/470A (Old) W/638A(New), “Manappuram House”, Valapad, Thrissur 680567
Lead Managers to Manappuram Finance Limited NCD 2019
A. K. Capital Services Limited
Email ID: manappuram.2018ncd @akgroup.co.in
Email ID: firstname.lastname@example.org
Registrar to Manappuram Finance Limited NCD 2019
Manappuram Finance Limited NCD 2019 Trustee
Catalyst Trusteeship Limited (formerly GDA Trusteeship Limited)
GDA House, Plot No. 85, Bhusary Colony (Right), Kothrud, Pune 411 038
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #debenture #non convertible debenture #bond #Investment #NCD #Manappuram Finance NCD