Sammaan Capital Limited NCD IPO (Sammaan Capital NCD Tranche II Dec 2024) Detail
Sammaan Capital Limited, established in 2005 and formerly known as Indiabulls Housing Finance Limited, is a leading provider of mortgage finance services. The company operates as a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank (NHB). Additionally, Sammaan Capital NCD offerings are a key component of its financing strategy, catering to diverse investor needs.
As a leading housing finance provider in India and the flagship entity of the Indiabulls Group, Sammaan Capital Limited offers a variety of financial solutions. These include home loans and loans against property for salaried individuals, self-employed professionals, micro, small, and medium enterprises (MSMEs), as well as corporate clients. Additionally, the company provides mortgage financing to real estate developers, including lease rental discounting for commercial properties and construction loans for residential projects.
By June 30, 2024, the company had established a network of 215 branches across India, with a workforce of 1,433 dedicated to direct sales on a consolidated basis. As of March 31, 2024, the loan portfolio comprised 38.81% housing loans and 61.19% non-housing loans.
The company holds strong credit ratings, including “AA; Outlook Stable” from CRISIL and ICRA, “AA; Outlook Negative” from CARE Ratings, and “AA+; Outlook Stable” from Brickwork Ratings, covering its non-convertible debentures and subordinated debt programs.
Sammaan Capital NCD IPO Tranche II Dec 2024 Detail
| Issue Open | December 9, 2024 – December 20, 2024 |
| Security Name | Sammaan Capital Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 200.00 Crores |
| Tranche Issue Size | Rs 300.00 Crores |
| Issue Size (Shelf) | Rs 2,000.00 Crores |
| Tranche Number | II |
| 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 NCD IPO Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
Sammaan Capital Limited NCD IPO Coupon Rates
NCD Rating
Rated “CRISIL AA/Stable” (interpreted as a double A rating with a stable outlook) by CRISIL Ratings Limited and “[ICRA] AA (Stable)” (interpreted as a double A rating with a stable outlook) by ICRA Limited.
Purpose of the Issue
The company intends to allocate the funds raised through this issue for the following purposes:
- To support onward lending, financing activities, and repayment of interest and principal on the company’s existing borrowings.
- For general corporate requirements.
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