Manappuram 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|
|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
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)
|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|
* will be update after issue opening
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