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. Additionally, the company also offers loans to MSMEs/small business for working capital.
- Home Loan and Home Extension Loan
- Loan Against Property
- Home Loan For Renovation
- Rural Home Loan
- Home Loan for NRI
Sammaan Capital Limited (‘SCL’) is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹125 crores (“base issue size”) with an option to retain over-subscription up to ₹125crores, aggregating up to ₹250 crores is being offered by way of this prospectus. The issue opens for subscription on Friday, September 06, 2024 and will close on Thursday, September 19, 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: | Friday, September 06, 2024 | ||||
| Issue closes: | Thursday, September 19, 2024 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | Rs.1,000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1 NCD thereafter | ||||
| 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 ₹125 crores (“Base Issue Size”) with a green shoe option of ₹125 crores aggregating up to ₹250 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
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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 Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Tranche I Issue Size | |||||
| Institutional Investors | 30% | 37.50 | 75.00 | ||
| Non Institutional Investors | 10% | 12.50 | 25.00 | ||
| HNI | 30% | 37.50 | 75.00 | ||
| Retail Individual Investors | 30% | 37.50 | 75.00 | ||
| Total | 100% | 125.00 | 250.00 | ||
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 |
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| 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 (36 months – annual option) 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.