Manappuram Finance Limited has announced the allotment of Non-Convertible Debentures (NCDs) on a private placement basis, following Board approval. The total issuance, divided into Series A and Series B, amounts to ₹8,500 crore (₹2,500 crore + ₹6,000 crore). The NCDs have varying tenures and interest rates, with Series A carrying a 9.05% coupon and a 6-year tenure, while Series B offers 9.10% interest over 3650 days.
Capital Raising Through NCDs
Manappuram Finance Limited has successfully completed the allotment of Non-Convertible Debentures (NCDs) on a private placement basis. This action was undertaken in accordance with the approval received from the Board of Directors at their meeting held on March 30, 2026. The Financial Resource Management Committee further considered and approved the issuance of these NCDs on July 28, 2026.
Allotment Details
The company has officially allotted these NCDs on August 17, 2026. The allotment is structured into two series:
- Series A: A total of 25,000 Thousand NCDs were issued, representing a nominal value of ₹2,50,00,00,000 (Indian Rupees Two Hundred Fifty Crores Only). These are Rated, Subordinated, Unsecured, Listed, Transferable, and Redeemable NCDs with a face value of ₹1,00,000/- each. The tenure for Series A is 6 Years (72 months), with an allotment date of August 17, 2026, and a maturity date of August 14, 2032. The coupon interest offered is 9.05%, payable annually.
- Series B: A total of 60,000 Thousand NCDs were issued, representing a nominal value of ₹6,00,00,00,000 (Indian Rupees Six Hundred Crores Only). These are also Rated, Subordinated, Unsecured, Listed, Transferable, and Redeemable NCDs with a face value of ₹1,00,000/- each. The tenure for Series B is 3650 days, with an allotment date of August 17, 2026, and a maturity date of August 14, 2036. The coupon interest offered is 9.10%, payable annually.
The total value of the issuance across both series amounts to ₹8,500 crore. The company has confirmed that the said allotment is within the limits previously approved by the Board of Directors.
Source: BSE
