26-Oct-2023
2 mins read
Aditya Birla Finance Limited, a subsidiary of Aditya Birla Capital Limited, comes with Secured, Redeemable, Non-Convertible Debentures. The NCDs have a base issue size of Rs 1000 Crores. The funding will be utilised for extending loans, providing financing, managing the repayment of both interest and principal on the company’s current debts and undertaking various corporate activities for general business purposes. The face value has been kept at Rs 1,000 per NCD. The NCD has received an IND AAA Outlook Stable rating by India Ratings and [ICRA]AAA (Stable) by ICRA.
Aditya Birla Finance Limited Company Profile
Aditya Birla Finance Limited (“ABFL”) is a leading well-diversified non-banking financial services company in India. ABFL offers end-to-end lending, financing, and wealth management solutions to a diversified range of customers across the country. ABFL is registered with RBI as a systemically important non-deposit accepting non-banking finance company (“NBFC”) and is amongst the top five largest private diversified NBFCs in India based on AUM.
Aditya Birla Finance’s products can be grouped into four main categories:
The corporate/midmarket category, Which includes services like capital expenditure and working capital funding, structured financing, developer financing, and project financing for corporations across various sectors.
Secured business category: This category offers loans against property, working capital loans, lease rental discounting, and loans against securities for business owners and self-employed professionals engaged in small and mid-sized businesses.
Unsecured business category: Aditya Birla Finance provides business loans, supply chain finance, a business-to-business digital platform (Udyog Plus), and business overdraft facilities for SMEs and MSMEs.
Personal and consumer category: The company offers personal loans, consumer loans, check-out financing, and credit cards tailored for individuals, small business owners, and micro-enterprises.
As of June 30, 2023, the company’s Assets Under Management (AUM) totalled Rs 85,891.2 crore, serving over 59,14,504 customers.
Financial Performance of Aditya Birla Finance Limited
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 50,755.20 | 56,969.20 | 84,122.80 |
| Revenue | 5,528.00 | 5,796.90 | 8,267.70 |
| Profit After Tax | 768.8 | 1,108.30 | 1,553.80 |
| Net Worth | 8,965.90 | 9,968.90 | 11,530.70 |
Important details of Aditya Birla Finance Limited NCD
| Issue Open | Yet to be announced |
| Security Name | Aditya Birla Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vistra Itcl India Limited |
Aditya Birla Finance Limited NCD Rating
The Non-Convertible Debentures (NCDs) intended for issuance through this offering have received a credit rating of IND AAA with a Stable Outlook from India Ratings & Research Private Limited, and a rating of [ICRA]AAA (Stable) from ICRA Limited.
Aditya Birla Finance Limited Company Promoters
Aditya Birla Capital is the company’s promoter.
The Objective of Aditya Birla Finance Limited NCD
The company’s planned use of the net proceeds from the offering is as follows:
- Allocation towards onward lending, financing, and the repayment of interest and principal on the company’s existing borrowings.
- Deployment for general corporate purposes.
Lead Managers of Aditya Birla Finance Limited NCD
The Lead managers of Aditya Birla Finance Limited NCD are Trust Investment Advisors Private Limited, A.K. Capital Services Limited, Jm Financial Limited and Nuvama Wealth Management Limited.
How to Apply for Aditya Birla Finance Limited NCD?
Wait for the public issue to open for subscription, then click on this link to apply for Aditya Birla Finance Limited NCD with Bigul: https://ipo.bonanzaonline.com.
FAQs about Aditya Birla Finance Limited NCD
- What is Aditya Birla Finance Limited NCD?
Aditya Birla Finance Limited NCD stands for Non-Convertible Debentures issued by Aditya Birla Finance Limited, a subsidiary of Aditya Birla Capital Limited. These are secured, redeemable investment instruments with a fixed interest rate that investors can purchase.
- What is the face value of Aditya Birla Finance Limited NCD?
The face value of each Aditya Birla Finance Limited NCD is Rs 1,000.
- What are the credit ratings for Aditya Birla Finance Limited NCDs?
The NCDs have received an IND AAA Outlook Stable rating by India Ratings and [ICRA]AAA (Stable) by ICRA.
- What is the minimum investment requirement for Aditya Birla Finance Limited NCD?
The minimum lot size for Aditya Birla Finance Limited NCD is 10 NCDs. Each NCD has a face value of Rs 1,000.
- Where will Aditya Birla Finance Limited NCD be listed?
Aditya Birla Finance Limited NCDs will be listed on BSE and NSE.
- Who are the lead managers for Aditya Birla Finance Limited NCD?
The lead managers for Aditya Birla Finance Limited NCD are Trust Investment Advisors Private Limited, A.K. Capital Services Limited, JM Financial Limited, and Nuvama Wealth Management Limited.
- Who are the promoters of Aditya Birla Finance Limited?
Aditya Birla Capital is the promoter of Aditya Birla Finance Limited.