Manappuram Finance Limited NCD
(i) Manappuram Finance Limited is one of India’s leading gold loan NBFCs. Promoted by Shri. V.P. Nandakumar, the current MD & CEO, its origins go back to 1949 when it was founded in the coastal village of Valapad (Thrissur District) by his late father Mr. V.C. Padmanabhan. The firm was involved in pawn broking and money lending carried out on a modest scale. Shri Nandakumar took over the reins in 1986 after his father expired.
(ii) Since then, it has been a story of unparalleled growth with many milestones crossed. Incorporated in 1992, Manappuram Finance Ltd. has grown at a rapid pace. Today, it has 4208 branches across 28 states/UTs with assets under management (AUM) of Rs. 166.18 billion and a workforce of 24,717.
(iii) At Manappuram, technology and customer centricity have always been our key focus areas and They are now leveraging digital channels and even providing their customers doorstep services. They have also derisked their business from the volatility in gold prices by re-aligning the tenure and loan-to-value of our gold loans. These efforts have started fructifying in the form of stable asset quality and profitable growth of their gold loan business.
(iv)They are diversifying, with products spanning microfinance, commercial vehicles finance and housing finance, among others. They making steady progress on this front. New businesses currently represent about one-fourth of our total assets and their share is likely to go up in the future. their strategy is to minimize risk profile and enable us to emerge as a larger, multi-product Non-Banking Financial Company (NBFC).
Objective of NCD Manappuram Finance Limited NCD:
Manappuram Finance Limited NCD Details:
|Open Date:||Jan 28 2019|
|Close Date:||Feb 27 2019|
|Issue Type:||Fixed Price Issue NCD|
|Issue Size:||₹ 150 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||1 NCD|
|Minimum Order Quantity:||10 NCD|
|Sr. No||Particulars(Cr.)||FY18||FY17||% growth|
|1||Income from operations||3,423.36||3,387.69||1.05%|
|2||Profit before tax||1,017.01||1,165.72||-12.76%|
|3||Profit after tax||668.41||758.493||11.88%|
|6||ROA ( % )||4.04||5.4||--|
|7||ROE ( % )||17.81||16.5||--|
Post Tax returns:
Lead Manager of Manappuram Finance Limited NCD:
- A. K. Capital Services Limited
- Edelweiss Capital Limited
Registrar of Manappuram Finance Limited NCD:
- Link Intime India Private Limited