Can someone please help me with the BSE / NSE Scrip Code ( For Zerodha) for this instrument? I\d be grateful….
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:||Oct 24 2018|
|Close Date:||Nov 22 2018|
|Issue Type:||Fixed Price Issue NCD|
|Issue Size:||₹ 1000 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||--|
|Tenor||400 Days||36 Months||60 Months||24 Months||36 Months||60 Months||24 Months||36 Months||60 Months||2557 Days|
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
Discussion on Manappuram Finance Limited NCD:
Will provide you …. wait for the update..
22nd Nov issue closed, so After 10 days, there would be Allotment & listing. So code is not avialable as yet. We will update it here..
Can you please update the BSE / NSE code for “series 5 ” – “3 Years Annual Interest” option for this NCD? Also let me know of the interest payment date for the same.
Also it would be of great help if you could let me know of any good AA+ (Or above) rated NCDs that can be bought from the open market below the issue price. Awaiting your reply. Thank you.
Please do not buy any NCD as lot of negativity is there in the market. This NCD is AA/AA+ rated not even AAA or AAA+. Plus rising bond yields will impact bond prices in coming time.
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