Manappuram Finance Limited (MFL) is one of the major NBFC players in the gold finance business in India. MFL provides loans against the pledge of household and/or used gold jewellery and provide short-term personal and business gold loans (“Gold Loans”) primarily to retail customers.

MFL was incorporated as Manappuram General Finance and Leasing Limited on July 15, 1992, Kerala, under the Companies Act, 1956 as a public limited company. The name of the company was changed to Manappuram Finance Limited pursuant to a fresh certificate of incorporation dated June 22, 2011.

MFL have decades of established history in the money lending business, mainly in small-scale money lending against household and/or used gold jewellery. It has been in the gold loan financing business since 1999. Historically, the company has also provided other related services, including asset finance, money transfer and foreign exchange, sales of gold coins and business and personal lending.

Manappuram Finance Limited (MFL) NCD - Issue Details:

Issuer Manappuram Finance Limited (MFL)(View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Wednesday, October 24, 2018
Issue Closes: Thursday, November 22, 2018
Coupon Rate 10.40% p.a *
Issue Size Public issue of Secured Redeemable Non-Convertible Debentures of face value of Rs. 1,000 each for an amount aggregating up to Rs. 1,000 crore
Face Value Rs.1,000 per NCD
Minimum Application Size 10,000 (10 NCDs) and in multiple of Rs. 1,000 (1 NCD) thereafter across all Series
Credit Rating 'BWR AA+'/Stable & 'CARE AA'/Stable
Mode of Allotment and Trading Compulsorily in dematerialised form
Mode of payment/investment Compulsorily in ASBA
QIB 10% of issue size
Corporate 10% of issue size
HNI 30% of issue size
Retail Individual 50% of issue size
Listing BSE
Depositories NSDL & CDSL
Debenture Trustee Catalyst Trusteeship Limited (formerly GDA Trusteeship Limited)
Registrar Link Intime India Private Limited
Book Running Lead Managers A. K. Capital Services Limited & Edelweiss Financial Services Limited
* Highest yield




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