This entry is part 2 of 3 in the series NCD - Mannapuram Finance

Manappuram Finance Limited is coming out with a public issue of Secured redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each aggregating upto Rs. 100 Crores,  with an option to retain oversubscription up to Rs. 100 Crores for issuance of additional NCDs, aggregating to a total of up to Rs.200 crores.   The issue is opens for subscription  5 Mar 2014 and closes on  (25 Mar 2014 with an option of early closer or extend)

Allotment is on First Come First Serve Basis.

 Product Note

Manappuram NCD Issue Highlights

IssuerManappuram Finance Ltd
Type of InstrumentSecured, Redeemable, NCD
Issue Open5 Mar 2014
Issue Close25 Mar 2014 (with option of early closure or extension)
Issue SizeRs. 100 Cr. with option to retain over subscription 100 Cr aggregating to a total of Rs 200 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Monthly, Annually & Cumulative
Mode of AllotmentD'mat as well as Physical Form
RatingICRA - A+
ListingBSE

Manappuram NCD Specific Term of Issue

OptionsIIIIIIIVVVI
Tenor400 Days2 yrs2 yrs2 yrs3 yrs3 yrs
CouponNA11.50%12.00%NA12.25%12.50%
Yield11.00%12.13%12.00%12.00%12.94%12.50%
Face Value100010001000100010001000
Maturity1121.70100010001254.4010001000
Interest PaymentCumulativeMonthyAnnualCumulativeMonthlyAnnual
OptionsVIIVIIIIXXXI
Tenor3 yr5 yrs5 yrs5 yrs70 month
CouponNA11.50%12.00%NANA
Yield12.50%12.13%12.00%12.00%12.61%
Face Value10001000100010001000
Maturity1424.30100010001762.302000
Interest Paymentn.a.n.a.n.a.n.a.n.a.

 Cheque Details :

Cheque / DD should be drawn in favour of  ” MAFIL NCD Escrow – “ by all applicant

Banker :

About Issue

About Company

  • Manappuram Finance Ltd headquartered in the southern Indian sate of Kerala is one of the leading listed NBFCs lending money against the pledge of household and used gold jewellery and second largest Gold Loan provider in India.
  • Manappuram Finance has been in the Gold Loan financing business since 1999.
  • Disburse Gold Loans to customers from a network of 3293 branches in 26 states
  • Manappuram finance has been in the Gold loan business since 1999.

Financial Highlights

  • Total Income of the Manappuram Finance- has grown from Rs. 1661 million in FY09 to 22657 million in FY 13
  • Total Profit After Tax has grown from 303 million in FY09 to 2084 million in FY13
  • As on Mar 31, 2013 approx. 51.44 tons of gold jewellery wal held by the company as security towards Gold Loans
  • Gross NPA of 1.06% of gross retail loan portfolio under manangement as on Sep 30, 2013.

Object of the Issue

The fund raised through this issue will, subject to applicable statutory and regulatory requirements, be utilized for : Capital expenditure  and working capital requirements.

Subscription monies received from eligible NRIs through the Issue upon allotment shall be kept in a separate account opened and maintained by the Company, the proceeds of which account shall not be utilized for lending and investments but only for eligible purposes and not for any purpose prohibited in terms of the Foreign Exchange Management Regulation 2000 as amended.

 

Subscription

Cat ICat IICat IIICat IVTotal
Issue Size20.0040.0040.00100.00200.00
24 MarSubscribe-0.5522.34194.27217.17
No of times-0.010.561.951.09
Unsubscribe20.0039.4517.66-94.27-17.17
21 MarSubscribe-0.4620.90182.29203.66
No of Times-0.010.521.821.02
Unsubscribe20.0039.5419.10-82.29-3.66
20 MarSubsceibe-0.4618.14156.15174.75
No of times-0.010.451.560.87
Unsuscribe20.0039.5421.86-56.1525.25
19 MarSubscribe-0.4618.02156174.48
No of times-0.010.451.560.87
Unsubscribe20.0039.5421.98-56.0025.52
14 MarSubscribe-0.2623.64120.80144.70
No of times-0.050.581.200.73
Unsubscribe2039.7416.36-20.8055.30
13 MarSubscribe-0.2622.71110.64133.61
No of times-.050.571.100.68
Unsubscribe20.0039.7417.29-10.6462.39
12 MarSubscribe-0.2621.7698.24120.26
No of times-.050.510.980.60
Unsubscribe20.0039.7418.24101.7679.74
11 MarSubscribe-0.0120.1585.56105.72
No of times-0.000.500.860.53
Unsubscribe2039.9919.8514.4494.28
10 MarSubscribe-0.0118.7873.8592.64
No of times-0.000.470.740.46
Unsubscribe2039.9921.2226.15107.36
7 MarSubscribe-0.0115.4340.4855.92
No of times-0.010.380.410.28
Unsubscribe20.0039.9924.5759.52144.08

 

For any query , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444              

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Application Process

PROCEDURES TO INVEST IN TAX FREE BOND & NCD:

Step 1 

Download Application Form 

Step 2

If Bonds / NCD   required in Dmat Format

  • Cheque drawn in favour titled a/c for application amount
  • Self attested photocopy of pancard of applicant

If Bonds required in Physical  Format

  • Cheque drawn in favour titled a/c for application amount
  • Self attested photocopy of pancard of applicant
  • Photocopy of the enclosed cheque
  • Self attested photocopy of address proof

Step 3

Allotment of Bond/NCD First Come First Serve Basis, so don’t wait for last day of issue. After Issue fully subscribe Issue automatically close 2nd day or 3rd day (short notice).

  • Keep Photocopy of Application Form for your record.
  • To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
  • If you send photo copy of your application form we are track your application status and send you mail about Allotment status.

Listing

Mannapuram Finance Allotment Listing Details. ISIN No, Interest Payment Date, Script Code, Maturity Amount, Maturity Date

NCD 2013-14Mannapuram Finance Ltd
Issue Open5 Mar 2014
Issue Close 25 Mar 2014
Issue RegistrarLink Intime Pvt Ltd
Listing ExchangeBSE
Allotment Date
Listing Date
Interest Payment DateMonthly, Annual, Cummulative
Face Value1000
Circular Ref. No BSE -
Option I II III IV V VI
CouponNA11.50%12.00%NA12.25%12.50%
Period400 days24 month24 month24 month36 month36 month
ISIN NoINE INE INE INE INE INE
BSE Script
Maturity Amt1121.70100010001254.4010001000
Maturity
Interest PaymentNA1st date of every MonthNA1st date of every Month
Series VIISeries VIIISeries IXSeries XSeries XI
CouponNA11.50%12.00%NANA
Period36 month60 month60 month60 month70 month
ISIN NoINE INE INE INE INE
BSE Script
Maturity AmtNA10001000NANA
Maturity
Interest Payment DtN.A.N.A.N.A.