Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, was established in 2005. It is a non-deposit-taking housing finance company (HFC) registered with the NHB, specializing in mortgage finance services. As a leading housing finance company in India and the flagship of the Indiabulls Group, Sammaan Capital offers home loans and loans against property to salaried individuals, self-employed professionals, MSMEs, and corporates. Additionally, Sammaan Capital provides mortgage loans to real estate developers through lease rental discounting and construction loans for residential projects. The upcoming Sammaan Capital NCD IPO is a key milestone for the company as it continues to expand its financial offerings.
By June 30, 2024, Sammaan Capital operated 215 branches across India and employed 1,433 direct sales personnel. As of March 31, 2024, its loan portfolio comprised 38.81% housing loans and 61.19% non-housing loans.
The company’s long-term credit ratings are “AA; Outlook Stable” from CRISIL and ICRA, “AA; Outlook Negative” from CARE Ratings, and “AA+; Outlook Stable” from Brickwork Ratings for its non-convertible debentures and subordinated debt program.
Sammaan Capital NCD IPO Tranche I September 2024 Detail
| Issue Open | September 6, 2024 – September 19, 2024 |
| Security Name | Sammaan Capital Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 125.00 Crores |
| Issue Size (Oversubscription) | Rs 125.00 Crores |
| Tranche Issue Size | Rs 250.00 Crores |
| Issue Size (Shelf) | Rs 2,000.00 Crores |
| Tranche Number | 1 |
| 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 | CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA] AA (Stable) by ICRA Limited. |
| Tenor | 24, 36, 60, 84 and 120 months |
| Series | Series I to XII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Idbi Trusteeship Services Ltd. |
Sammaan Capital Limited NCD IPO Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
Sammaan Capital Limited NCD IPO Coupon Rates
Sammaan Capital Limited NCD IPO Rating
Rated “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA] AA (Stable)” by ICRA Limited.
Purpose of the Issue
The Company intends to use the funds raised from this Issue for the following purposes:
- To support onward lending, financing, and repayment of existing borrowings, including interest and principal.
- For general corporate purposes.
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