manappuram-finance-ncdManappuram Finance Limited Launching its NCD (Non covertible debentures) from October 24, 2018 – November 22, 2018 having ₹ 200 Crores (Base Issue size) with an option to retain oversubscription of up to ₹ 800 Crores aggregating up to ₹ 1,000 Crores (Tranche 1 Issue) with a issue price of Rs. 1,000 per NCD.

Investors can get all important information as Price, Date, Prospectus, Credit Rating, interest rate, Listing, Maturity, allocation ratio, allotment status, subscription details, application form, Lead Managers and Registrar of the Issue.

Summary Of Issue:

Issuer:- Manappuram Finance Limited
Issue Open October 24, 2018 – November 22, 2018
Objective
  1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company
  2. General Corporate Purposesy.
Ratings CARE AA/Stable” by CARE Ratings & BWR AA+/Stable” by Brickwork Ratings
Total issue Size ₹ 1,000 Crores
Issue Price Rs. 1,000 Per NCD
Face Value Rs. 1,000 Per NCD
Nature of Instrument Secured Redeemable Non-Convertible Debentures
Minimum Application size Rs 10,000 (10 NCDs) and in multiple of Rs 1,000 thereafter.
Listing The NCDs are proposed to be listed on BSE
Depositary NSDL & CDSL
Application Mode ASBA Mandatory
Basis of Allotment “First come First Serve” Basis
Mode of Issue In dematerialized form only
Lead Manager Edelweiss Financial Services Ltd & Others
Registrar Link Intime India Private Limited

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Specific Terms of Manappuram Finance Limited NCD – Tranche 1

Manappuram Finance NCD 2018 Specific Terms

Who is not eligible to invest in Manappuram Finance Limited NCD 2018 issue?

The following categories of persons, and entities, shall not be eligible to participate in the Issue and any Applications from such persons and entities are liable to be rejected:

  • Minors without a guardian name*(A guardian may apply on behalf of a minor. However, the name of the guardian will also need to be mentioned on the Application Form);
  • Foreign nationals;
  • Persons resident outside India;
  • Foreign Institutional Investors;
  • Foreign Portfolio Investors;
  • Non Resident Indians;
  • Qualified Foreign Investors;
  • Overseas Corporate Bodies**;
  • Foreign Venture Capital Funds; and
  • Persons ineligible to contract under applicable statutory/ regulatory requirements.

*Applicant shall ensure that guardian is competent to contract under Indian Contract Act, 1872.

** The concept of Overseas Corporate Bodies (meaning any company, partnership firm, society and other corporate body or overseas trust irrevocably owned/held directly or indirectly to the extent of at least 60% by NRIs), which was in existence until 2003, was withdrawn by the Foreign Exchange Management (Withdrawal of General Permission to Overseas Corporate Bodies) Regulations, 2003. Accordingly, OCBs are not permitted to invest in the Issue.


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 Allocation Ratio of Manappuram Finance Limited NCD: (Category Wise)

Category Size
QIB Portion  10% of the Overall Issue Size
Non Institutional Portion  10% of the Overall Issue Size
HNI Portion  30% of the Overall Issue Size
Retail Individual Investor  50% of the Overall Issue Size

Manappuram Finance Limited NCD Subscription details

Category No.of Bonds/NCDs offered/ reserved No. of Bonds bid for No of times subscribed
Category I
Category II
Category III
Category IV
Total

* will be update after issue opening

Download Manappuram Finance Limited Application Form

 


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