Manappuram Finance Limited's Public Issue of Secured Non Convertible Debentures (NCDs) opens on 18th August and closes on 5th September 2011. Advertisement will be issued in newspapers in case of early closure.
The size of issue is Rs.400 crores, with option to retain oversubscription up to Rs.350 crores.
The NCD issue has been rated at AA- by CARE and AA- by Brickwork for an amount up to Rs. 750 crore. “AA” rating suggests that a company has high ability for debt serving and low credit risk.
This offer is open for institutional and individual investors and each NCD carries a face value of Rs. 1,000.
Two series on offer—option I and option II. Option I carries a maturity of 400 days and an interest rate of 12% p.a. payable on maturity. Option II matures in two years and carries an interest rate of 12.20% p.a. payable half yearly.
Investors can apply for a minimum five NCDs (worth Rs. 5,000) under each option with
additional investments in multiples of Rs.1,000.
Allotment will be made on first-come-first-served basis.
How to apply
Application forms may be obtained from the Registered Office of Manappuram Finance Limited or from any branches and from the branches of the Lead Managers to the issue, viz. Axis
Bank, YES Bank, Dhanlaxmi Bank and ICICI Bank.
The application forms duly filled in along with Cheque/Demand Draft for the requisite amount
should be submitted to the Registered Office or to any branches or to the branches Axis Bank, YES Bank, Dhanlaxmi Bank or ICICI Bank.
Cheques/Demand Drafts should be drawn in favour of “Escrow A/c – Manappuram Bond Issue”