Sammaan Capital Limited NCD Company Profile:
Sammaan Capital Limited (‘SCL’) formerly known as Indiabulls Housing Finance Limited (IBHFL) is mortgage-focused non-banking financial company (NBFC). The company is regulated by the Reserve Bank of India (RBI), and is ‘AA’ rated by leading rating agencies CRISIL and ICRA. The company has a balance sheet size of ₹ 0.73 trillion as on 31 March, 2024 and serviced more than 1.5 million happy customers. The company has strong nationwide presence of over 200 branches which offers quick, convenient and competitively priced home loans in the affordable housing segment.
- Home Loans
- Rural Home Loan
- Loan Against Property
- Home Extension Loan
Public issue by Sammaan Capital Limited of secured redeemable on-convertible debentures of face value of ₹1,000each (“NCDs”) for an amount up to ₹100 crores (“Base Issue Size”) with a green shoe option of₹200 crores aggregating up to ₹300 crores.
Sammaan Capital Limited NCD Details:
| Issue opens: | Thursday, February 27, 2025 | ||||
| Issue closes: | Wednesday, March 12, 2025 | ||||
| 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
|
10% of Overall Issue Size
|
30% of Overall Issue Size
|
30% of Overall Issue Size
|
|
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:
Yield (p.a.)
| Series | I | II | III | IV** | V | VI | VII | VIII | IX | X | XI | XII | XIII |
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Annual | Monthly | Annual | Monthly | Monthly |
| Minimum Application | ₹ 10,000 (10 NCDs) across all Series | ||||||||||||
| Face Value/ Issue Price of
NCDs (₹/ NCD) |
₹ 1,000 | ||||||||||||
| In Multiples of thereafter
(₹) |
₹ 1,000 (1 NCD) | ||||||||||||
| Type of Instrument | Secured NCDs | ||||||||||||
| Tenor | 24 months | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months | 84 months | 84 months | 120 months | 120 months | 60 months |
| Coupon (% per annum) for NCD Holders in Category I & II | 9.25% | 8.88% | NA | 9.40% | 9.02% | NA | 9.65% | 9.25% | 10.00% | 9.57% | 10.25% | 9.80% | 9.25% |
| Coupon (% per annum) for NCD Holders in Category III & IV | 9.65% | 9.25% | NA | 9.90% | 9.48% | NA | 10.15% | 9.71% | 10.50% | 10.03% | 10.75% | 10.25% | 9.71% |
| Effective Yield (per annum) for NCD Holders in Category I & II | 9.25% | 9.25% | 9.25% | 9.39% | 9.40% | 9.40% | 9.64% | 9.65% | 9.99% | 9.99% | 10.24% | 10.24% | 9.65% |
| Effective Yield (per annum) for NCD Holders in Category III & IV | 9.65% | 9.65% | 9.65% | 9.89% | 9.90% | 9.90% | 10.14% | 10.15% | 10.49% | 10.48% | 10.74% | 10.73% | 10.15% |
| Mode of Interest Payment | Through various modes available | ||||||||||||
| Redemption Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II | ₹ 1,000 | ₹ 1,000 | ₹ 1,193.56 | ₹ 1,000 | ₹ 1,000 | ₹ 1,309.50 | Staggered Redemption in Three (3)
annual |
Staggered Redemption in Three (3)
annual |
Staggered Redemption in Five (5)
annual |
Staggered Redemption in Five (5)
annual |
Staggered Redemption in Eight (8) annual
payments of ₹ |
Staggered Redemption in Eight (8)
annual |
₹ 1,000 |
| payments of ₹
333.33 each starting from 3rd Anniversary* until Maturity |
payments of
₹ 333.33 each starting from 3rd Anniversary* until Maturity |
payments of
₹ 200 each, starting from 3rd Anniversary* until Maturity |
payments of
₹ 200 each, starting from 3rd Anniversary* until Maturity |
125 each, starting from 3rd Anniversary* until Maturity | payments of ₹ 125 each, starting from 3rd Anniversary* until Maturity | ||||||||
| Redemption Amount (₹ / NCD) on Maturity for NCD Holders in Category III & IV | ₹ 1,000 | ₹ 1,000 | ₹ 1,202.32 | ₹ 1,000 | ₹ 1,000 | ₹ 1,327.58 | Staggered Redemption in Three (3) annual payments of ₹
333.33 each starting from 3rd Anniversary* until Maturity |
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 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 | Staggered Redemption in Eight (8) annual payments of ₹ 125 each, starting from 3rd Anniversary* until Maturity | ₹ 1,000 |
| Maturity (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 | 60 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” | 60 months | |||||
| 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.