Sammaan Capital NCD: All Important Details Discussed

Sammaan Capital NCD issue is open on Friday, September 6, 2024 and will close on Thursday, September 19, 2024. It is a Secured, Redeemable, Non-Convertible Debenture. The base issue size is 125 crore, and the oversubscription issue size remains 125 crore.

Sammaan Capital NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. Allotment is on a first-come, first-served basis. The debenture Trustee is Idbi Trusteeship Limited. The listing is at BSE and NSE, and the tenor is 24, 36, 60, 84 and 120 months.

Nuvama Wealth Management Limited, Elara Capital India Private Limited, Trust Investment Advisors Private Limited is the lead manager of Sammaan Capital Limited NCD. Kfin Technologies Limited is the registrar of this IPO issue.

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Sammaan Capital NCD: About the Company

Sammaan Capital Limited formerly known as Indiabulls Housing Finance Limited incorporated in 2005, engaged in the business of providing mortgage financial services. It is a non-deposit-taking housing finance company registered with the NHB. Sammaan Capital Limited is one of India's largest housing finance companies and the flagship company of the Indiabulls Group. The company offers home loans and loans against property to salaried, self-employed, micro, small and medium enterprises and corporates. The company also offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction loans for the construction of residential buildings.

Sammaan Capital NCD: Objectives

The funds raised from this issue will be used for the purposes of onward lending, financing and for the repayment of interest and principal of existing borrowings of the company. The remaining money will be allocated for fulfilling the general corporate purposes.

Sammaan Capital NCD: Important Details

Sammaan Capital NCD: Coupon Rates

Sammaan Capital NCD: Financial Metrics (Amt in Rs Crore)

Sammaan Capital Limited posted a revenue of Rs 8,725.79 crore and net profit of Rs 1,127.68 crore for the period ended on 31 Mar 2023. Earlier, in the period ending on 31 March 2022, the company reported a revenue of Rs 8,993.90 and Rs s 1,177.74 crore.

Sammaan Capital NCD Rating

The Sammaan Capital Limited NCD Issue has been rated CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA] AA (Stable) by ICRA Limited.

NCD Allocation Ratio

For the institutional category NCD allocation is 30%, for non-institutional 10%, HNI 30% and for retail is 30%.

FAQs

1. When will the Sammaan Capital Limited NCD be open for subscription?

Sammaan Capital NCD issue is open on Friday, September 6, 2024 and will close on Thursday, September 19, 2024.

2. What is the issue size and price of the NCD?

The base issue size is 125 crore, and the oversubscription issue size remains 125 crore.

3. What are the main objectives of the Sammaan Capital Limited NCD?

The funds raised from this issue will be used for the purposes of onward lending, financing and for the repayment of interest and principal of existing borrowings of the company. The remaining money will be allocated for fulfilling the general corporate purposes.

4. What types of financial services does Sammaan Capital offer?

Sammaan Capital Limited offers home loans and loans against property to salaried, self-employed, micro, small and medium enterprises and corporates.

5. How can I apply for the Sammaan Capital Limited NCD ?

Sammaan Capital NCD is open for subscription, click here to apply for the Sammaan Capital Limited NCD.

6. How can I check the allotment status of the NCD?

The Sammaan Capital Limited NCD registrar is Kfin Technologies Limited. To check your allotment status, please click here.

7. What are the tenors and effective yields for the NCD?

The NCDs offer tenors of 24, 36, 60, 84 and 120 months with effective yield varying from 9.65% to 10.75% from Series 1 to Series 12.

8. Who is the lead manager for the Sammaan Capital Limited NCD?

Nuvama Wealth Management Limited, Elara Capital India Private Limited, Trust Investment Advisors Private Limited are the lead managers for the Sammaan Capital Limited NCD.

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