10.15% Manappuram Finance NCD January 2019 Issue Dates, Rating & Interest Rates – Should You Invest?

Vijay Prajapati
January 29, 2019

Vijay Prajapati

Manappuram Finance is coming up with Secured NCDs in January 2019. The subscription start from 28th January 2019. Manappuram Finance will offer upto 10.15%* interest rates on the NCDs. The NCDs are Rs.1000 each the the NCD issue is around Rs.150 crore. Manappuram Finance incorporated in 1992 based in Kerala. The company is promoted by V.P. Nandakumar and Sushama Nandakumar. Manappuram Finance is a non banking financial company (NBFC) provides gold loan, SME finance, Vehicle loan, Forex and Money transfer services. The company has other businesses like Vehicle equipment finance, payments business, micro-finance and more. The company has over 2.25 million customers as on March 2018.

Manappuram Finance NCD Issue January 2019 Details:

NCD Issue Open: 28 January 2019
NCD Issue Close: 27 February 2019
NCD Issue Size: Rs.150 Crore
Price Band: Rs.1000
NCD’s: 3,000,000 of Rs.1000 Each
Interest Rate: Upto 10.35% ** (Annually)
Minimum Investment: 10 Bonds (Rs 10,000)
Maximum Investment: 1,000 Bonds (Rs 10,00,000)
Listing: BSE

Manappuram Finance NCD Issue Rating:

Brickworks Ratings: AA+ / Satable
CARE Ratings: CARE AA / Stable

Manappuram Finance NCD Issue Listing:

NCD Bonds will be list on BSE.

Manappuram Finance NCD Issue Promoters:

V.P. Nandakumar
Sushama Nandakumar

NCD Breakup:

Retail Portion: 50% of the issue
HNI: 30% of the issue
Qualified Institutional Portion: 10% of the issue
Corporate Portion: 10% of the issue

How to Apply Manappuram Finance NCD Issue?

You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
Manappuram Finance NCD (January 2019) Issue Tenure & Interest Rates: Details

Manappuram Finance NCD Lead Manager:

Edelweiss Capital Limited
A K Capital Services Limited
Manappuram Finance Holdings Limited
Trust Investment Advisors Private Limited

Manappuram Finance NCD (January 2019) Allotment Status:

Manappuram Finance NCD issue allotment available on linkintime.co.in

NCD Registrar:
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
Email: [email protected]
Website: http://www.linkintime.co.in

Company Information:
Manappuram Finance Limited
IV/470A (Old) W/638A (New)
Thrissur 680 567
Phone: +91 487 305 0000
Fax: +91 487 239 9298
Email: [email protected]
Website: http://www.manappuram.com/