Manappuram Finance Limited NCD Sept 2014

Manappuram Finance Limited NCD Sept 2014 Interest Rate up to 11.75%

manappuram finance ltd logo Manappuram Finance Limited NCD Sept 2014

Company Profile

* Manappuram Finance Ltd. headquartered in the southern Indian state of Kerala is one of the leading listed NBFCs lending money against the pledge of household and/or used gold jewellery (“Gold Loans”) and the second largest Gold Loan provider in India, in terms of gold loan portfolio expanding 163% and 189% during financial year 2010 and financial year 2011 respectively with decline in growth in financial year 2012 in line with the industry.

* Manappuram Finance has been in the Gold Loan financing business since 1999.

* Gold Loan customers are individuals ranging from rural and semi-urban areas to metro cities like Mumbai, Delhi, Chennai and Bangalore who typically require funds for social obligations, emergencies, agriculture related activities, small scale business operations or consumption purposes.

* Disburse Gold Loans to our customers from a network of 3,293 branches in 26 states and union territories of India, including 2,299 branches in the southern states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.

Issue Opening Date
September 15 ,2014
Issue Closing DateOctomber 08 ,2014
IssuePublic issue of secured, redeemable, non-convertible bonds of face value of Rs 1,000 each, in the nature of debentures by the Issuer, up to Rs 150 crores with an option to retain over subscription up to Rs 150 crores.
Type of instrumentSecured, redeemable non-convertible bonds in the nature of debentures
Issuance/ Mode of Allotment.In (i) dematerialized form; and (ii) physical form, at the option of the Applicant as entitled under Section 8(1) of the Depositories Act, 1996
Trading *In dematerialized form only
Security Cover100% of the outstanding amounts of the Bonds and the interest thereon.
Credit Rating“CRISIL A+/Stable” by CRISIL
Debenture TrusteeIL&FS Trust Company Limited
Lead Managers to the IssueA.K. Capital Services Ltd., & ICICI Securities Limited
RegistrarLink Intime India Private Limited
DepositoriesCDSL and NSDL

Manappuram Finance NCD Sept 2014 Series Details

Options
I*
II*
III*
IV*
V
VI
Frequency of Interest PaymentCumulativeMonthlyAnnuallyCumulativeMonthlyAnnually
Tenor400 Days24 Months24 Months24 months36 Months36 Months
Coupon (% per annum)NA11.00%11.25%NA11.50%11.75%
Effective Yield (p.a.)10.50%11.57%11.25%11.25%12.13%11.75%
Amount (` / NCD) on Maturity***1,116.131,000.001,000.001,237.661,000.001,000.00

Options
VII
VIII
IX
X
XI
Frequency of Interest PaymentCumulativeMonthlyAnnuallyCumualtiveCumulative
Tenor 36 Months60 Months60 Months60 Months75Months
Coupon (% per annum)NA11.25%11.50%NANA
Effective Yield (p.a.) f11.75%11.85%11.50%11.50%11.70%
Amount (` / NCD) on Maturity***1,395.541,000.001,000.001,723.352,000.00

Application Process and Form Submission/Collection Centers

Please take print of the Application Form A4 paper size. Click here to download Application form of Manappuram Finance Limited NCD Sept 2014
Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD should be drawn in favour of “MAFIL NCD Escrow”.
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
10] Free Home Service available *

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Manappuram Finance NCD-Bonds-Debentures intermediary (IFA) is also known as NCD-Bonds-Debenture Advisors, NCD-Bonds-Debentures Distributors, NCD-Bonds-Debentures Brokers, NCD-Bonds-Debentures Consultants, NCD-Bonds-Debentures Agents

Who Can Apply/Invest?

Resident Individual, HUF, Charitable Institution, University,NRI

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