Sammaan Capital NCD opens for subscription on 06 September 2024. The company aims for a base issue size of ₹125 Crores.
About the company
Established in 2005, Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, provides mortgage finance services. It is a non-deposit-taking housing finance company (“HFC”) registered with the NHB. Sammaan Capital Limited is one of India’s largest housing finance companies and the flagship company of the Indiabulls Group. The company offers home loans and loans against property to (i) salaried, (ii) self-employed, (iii) micro, small and medium enterprises (MSMEs) and (iv) corporates. It also offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction loans for the construction of residential buildings.
As of June 30, 2024, the company had a network of 215 branches across India. and the company employed 1,433 people in direct sales on a consolidated basis. As at March 31, 2024, housing and non-housing loans were 38.81% and 61.19% respectively. The company has a long-term credit rating of “AA; Outlook Stable” from CRISIL and ICRA, “AA; Outlook Negative” from CARE Ratings, and “AA+; Outlook Stable” from Brickwork Ratings for non-convertible debentures and a subordinated debt program.
Objectives of the Issue
- For onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes.
Sammaan Capital NCD Details
| 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) | ₹ 125.00 Crores |
| Issue Size (Oversubscription) | ₹ 125.00 Crores |
| Tranche Issue Size | ₹ 250.00 Crores |
| Issue Size (Shelf) | ₹ 2,000.00 Crores |
| Tranche Number | 1 |
| Issue Price | ₹ 1000 per NCD |
| Face Value | ₹ 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 Options and Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Annual | Monthly | Annual | Monthly |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| 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 |
| Coupon (% per Annum) | 9.65% | 9.25% | NA | 9.9% | 9.48% | NA | 10.15% | 9.71% | 10.5% | 10.03% | 10.75% | 10.25% |
| Effective Yield (% per Annum) | 9.65% | 9.65% | 9.65% | 9.9% | 9.9% | 9.9% | 10.15% | 10.15% | 10.5% | 10.48% | 10.74% | 10.75% |
| Amount on Maturity (In Rs.) | ₹ 1,000 | ₹ 1,000 | ₹1,202.32 | ₹ 1,000 | ₹ 1,000 | ₹ 1,327.38 | ₹1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 |
Sammaan Capital NCD Rating
“CRISIL AA/Stable” (pronounced as CRISIL double A rating with stable outlook) by CRISIL Ratings Limited and “[ICRA] AA (Stable)” (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited.
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 74,945.24 | 81,973.32 | 74,945.24 |
| Revenue | 8,725.79 | 8,993.9 | 8,725.79 |
| Profit After Tax | 1,127.68 | 1,177.74 | 1,201.59 |
| Reserves and Surplus | 17,678.34 | 18,353.75 |
Sammaan Capital NCD Allocation Ratio
Company Promoters
The company is professionally managed and does not have an identifiable promoter.
Sammaan Capital NCD Lead Manager
- Nuvama Wealth Management Limited
- Elara Capital (India) Private Limited
- Trust Investment Advisors Private Limited
Sammaan Capital Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: scl.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Contact Details
Sammaan Capital Limited
5th Floor, Building No. 27,
G Marg Connaught Place,
New Delhi �110 001
Phone: +91 11 4353 2950
Email: homeloans@sammaancapital.co
Website: https://www.sammaancapital.com/
Sammaan Capital NCD Allotment Status
Muthoot Mercantile NCD May 2024 allotment status will be updated on the website of KFin Technologies’ website. Click on this link to get the allotment status.
Final Thoughts
Non-convertible debentures (NCDs) are a better investment option for those seeking a diversified portfolio. investing in Sammaan Capital NCD is purely your personal choice. make a good study and analysis before you make the investment decision.
Happy Investing
