Sammaan Capital Limited NCD Company Profile:
Sammaan Capital Limited (SCL), formerly known as Indiabulls Housing Finance Limited (IBHFL), is a mortgage-focused Non-Banking Financial Company (NBFC) regulated by the Reserve Bank of India (RBI). The company holds an ‘AA’ rating from leading credit rating agencies CRISIL and ICRA. As of March 31, 2024, SCL has a balance sheet size of ₹0.73 trillion and has successfully served over 1.5 million satisfied customers. With a strong nationwide presence, SCL operates more than 200 branches, providing fast, convenient, and competitively priced home loans in the affordable housing segment. In addition, the company extends loans to MSMEs and small businesses for working capital needs.
- Rural Home Loan
- Loan Against property
- Home Extension Loan
- Home Loan for NRI’S
Public issue Sammaan Capital Limited of secured, rated, listed, redeemable, non-convertible debentures of face value of ₹ 1,000 each aggregating up to ₹ 100 crore (“Base Issue”), with an option to retain over-subscription up to ₹ 200 crore, aggregating up to ₹ 300 crore, on the terms and in the manner set forth in the Prospectus .The issue opens for subscription on Monday, 09th December, 2024 and will close on Friday, 20th December, 2024. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
Sammaan Capital Limited NCD Details :
| Issue opens: | Monday, December 09,2024 | ||||
| Issue closes: | Friday, December 20,2024 | ||||
| Allotment: | First come First Serve Basis | ||||
| Face Value: | Rs 1000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10,000) | ||||
| Listing: | BSE,NSE | ||||
| Credit Rating: | CRISIL AA/Stable | ||||
| Issue Size: | Public issue by Sammaan Capital Limited (the “Company”/ “Issuer”) of secured redeemable non-convertible debentures of face value of ₹1,000 each (“NCDs”) for an amount up to ₹100 crores (“Base Issue Size”) with a green shoe option of ₹200 crores aggregating up to ₹300 crores | ||||
| Registrar: | KFin Technologies Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 30% of Overall Issue Size
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10% of Overall Issue Size
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30% of Overall Issue Size
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30% of Overall Issue Size
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Sammaan Capital Limited NCD
Application form
Sammaan Capital Limited NCD Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 30% | 30 | 90 | ||
| Non Institutional Investors | 10% | 10 | 30 | ||
| HNI | 30% | 30 | 90 | ||
| Retail Individual Investors | 30% | 30 | 90 | ||
| Total | 100% | 100 | 300 | ||
Sammaan Capital Limited NCD Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Series | I | II | III | IV** | V | VI | VII | VIII | IX | X | XI | XII | |
| Frequency of Interest Payment |
Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Annual | Monthly | Annual | Monthly | |
| Minimum Application | ₹ 10,000 (10 NCDs) across all series | ||||||||||||
| Tenor in months | 24 months |
24 months |
24 months |
36 months |
36 months |
36 months |
60 months | 60 months | 84 months | 84 months | 120 months | 120 months | |
| Coupon (% per annum) for NCD Holders in Categories I & II | 9.25% | 8.88% | NA | 9.40% | 9.02% | NA | 9.65% | 9.25% | 10.00% | 9.57% | 10.25% | 9.80% | |
| Coupon (% per annum) for NCD Holders in Categories III & IV | 9.65% | 9.25% | NA | 9.90% | 9.48% | NA | 10.15% | 9.71% | 10.50% | 10.03% | 10.75% | 10.25% | |
| Effective Yield (% per annum) for NCD Holders in Categories I & II |
9.25% | 9.25% | 9.25% | 9.40% | 9.40% | 9.40% | 9.65% | 9.65% | 10.00% | 10.00% | 10.25% | 10.24% | |
| Effective Yield (% per annum) for NCD Holders in Categories III & IV | 9.65% | 9.65% | 9.65% | 9.90% | 9.90% | 9.90% | 10.15% | 10.15% | 10.50% | 10.48% | 10.74% | 10.75% | |
| Mode of Interest Payment | Through various modes available | ||||||||||||
| Redemption Amount (₹ / NCD) on Maturity for NCD Holders in Category I and II | ₹1,000.00 | ₹1,000.00 | ₹1,193.56 | ₹1,000.00 | ₹1,000.00 | ₹ 1,309.34 | Staggered Redemption in Three (3) annual payments of ₹ 333.33 each starting from 3rd anniversary* until Maturity | Staggered Redemption in Five (5) annual payments of ₹ 200 each starting from 3rd anniversary* until Maturity |
Staggered Redemption in Eight (8) annual payments of ₹ 125 each starting from 3rd anniversary* until Maturity |
||||
| Redemption Amount (₹ / NCD) on Maturity for NCD Holders in Category III and IV | ₹1,000.00 | ₹1,000.00 | ₹1,202.32 | ₹1,000.00 | ₹1,000.00 | ₹ 1,327.38 | Staggered Redemption in Three (3) annual payments of ₹ 333.33 each starting from 3rd anniversary* until Maturity | Staggered Redemption in Five (5) annual payments of ₹ 200 each starting from 3rd anniversary* until Maturity |
Staggered Redemption in Eight (8) annual payments of ₹ 125 each starting from 3rd anniversary* until Maturity |
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| Maturity/Redemption Date (from the Deemed Date of Allotment) | 24 months |
24 months |
24 months |
36 months |
36 months |
36 months |
60 months | 60 months | 84 months | 84 months | 120 months | 120 months | |
| Redemption Date/ Redemption Schedule | 24 months |
24 months |
24 months |
36 months |
36 months |
36 months |
Staggered Redemption by Face Value as per “Principal Redemption Schedule and Redemption Amounts” below. | ||||||
| Nature of Indebtedness | Secured | ||||||||||||
| Put and Call Option | Not Applicable | ||||||||||||
** The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.