Sammaan Capital NCD September 2024: Sammaan Capital will open its Secured Redeemable Non-Convertible Debentures (NCDs) subscription on September 6, 2024, offering a 10.75% interest rate. Rated CRISIL AA/Stable and [ICRA] AA (Stable), these NCDs provide tenures of 24, 36, 60, 84, or 120 months. Learn more about the Sammaan Capital NCD 2024 details here.
Table of contents
- Sammaan Capital NCD September 2024 Overview
- Company Details
- Tenure & Interest Rates
- Allocation Ratio
- How do I apply for Sammaan Capital NCD in September 2024?
- Sammaan Capital NCD September 2024 Allotment Status
- Sammaan Capital NCD September 2024 Registrar
- Sammaan Capital NCD September 2024 Lead Manager
- Sammaan Capital Limited Contact
- Sammaan Capital NCD September 2024 FAQs
Sammaan Capital NCD September 2024 Overview
| Overview Points | Description |
|---|---|
| Security Name | Sammaan Capital Limited |
| Security Type | Secured NCDs |
| NCD Issue Open | September 6, 2024 |
| NCD Issue Close | September 19, 2024 |
| NCD Issue Size (Base) | ₹125.00 Crores |
| NCD Issue Size (Oversubscription) | ₹125.00 Crores |
| Tranche Issue Size | ₹250.00 Crores |
| Tranche Number | 1 |
| Issue Size (Shelf) | ₹2000.00 Crores |
| Face Value | ₹1000 per NCD |
| Minimum Lot Size | 10 NCD |
| Listing on | 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 |
| Basis of Allotment | First Come First Serve Basis |
| Payment Frequency | Monthly, Annual and Cumulative |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Company Details
Sammaan Capital Limited, previously known as Indiabulls Housing Finance Limited (IBHFL), is a mortgage-focused non-banking financial company (NBFC). It provides a variety of services, including NRI home loans, home renovation loans, loans against property, home loan balance transfers, home extension loans, rural home loans, and new home loans. Furthermore, the company boasts an ‘AA’ rating from both CRISIL and ICRA. By June 30, 2024, it will have 215 branches across India, which facilitates efficient loan processing and client management. To date, it has successfully served over 1.4 million customers.
Tenure & Interest Rates
| Opt | Frequency of Interest Payment | Tenure | Coupon (% PA) | Eff. Yield (% PA) | Amount on Maturity (In ₹) |
|---|---|---|---|---|---|
| Series 1 | Annual | 24 Months | 9.65% | 9.65% | ₹1000.00 |
| Series 2 | Monthly | 24 Months | 9.25% | 9.65% | ₹1000.00 |
| Series 3 | Cumulative | 24 Months | NA | 9.65% | ₹1202.32 |
| Series 4 | Annual | 36 Months | 9.9% | 9.9% | ₹1000.00 |
| Series 5 | Monthly | 36 Month | 9.48% | 9.9% | ₹1000.00 |
| Series 6 | Cumulative | 36 Month | NA | 9.9% | ₹1327.38 |
| Series 7 | Annual | 60 Month | 10.15% | 10.15% | ₹1000.00 |
| Series 8 | Monthly | 60 Month | 9.71% | 10.15% | ₹1000.00 |
| Series 9 | Annual | 84 Month | 10.5% | 10.5% | ₹1000.00 |
| Series 10 | Monthly | 84 Month | 10.03% | 10.48% | ₹1000.00 |
| Series 11 | Annual | 120 Month | 10.75% | 10.74% | ₹1000.00 |
| Series 12 | Monthly | 120 Month | 10.25% | 10.75% | ₹1000.00 |
Allocation Ratio
| Category | NCD's Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
How do I apply for Sammaan Capital NCD in September 2024?
Investors can conveniently apply for the NCD IPO electronically via the Internet banking facility. However, this option is available only if the SCSB where the investor’s ASBA account is maintained provides this service. Consequently, investors should ensure that their SCSB offers electronic application services to take advantage of this streamlined process.
The following are the general steps to apply for an NCD IPO through SCSB:
- Firstly, The investor can start by logging into their Internet banking account.
- Next, visit the ‘Investments’ section.
- Then, look for the debentures/bonds/NCD section.
- Consequently, a list of active/current NCDs will display.
- After that, select the NCD for which you wish to make an application.
- Following this, choose ASBA and enter the required NCD details.
- Finally, submit the application.
Once the application is submitted, SCSB will upload the offer on the exchange platform and block the funds from the ASBA account.
Sammaan Capital NCD September 2024 Allotment Status
Sammaan Capital NCD’s issue allotment is available on KFintech. To check, Firstly follow the steps below:
- Firstly, visit the BSE status page for the issue application.
- Then, select the issue type, which is debt.
- Select the Issue name from the drop-down list.
- Enter your application number or PAN.
- Tick the ‘I’m not a robot’ button.
- Finally, Click on Search and check the status.
Sammaan Capital NCD September 2024 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/
Sammaan Capital NCD September 2024 Lead Manager
- Nuvama Wealth Management Limited
- Elara Capital (India) Private Limited
- Trust Investment Advisors Private Limited
Sammaan Capital Limited Contact
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 September 2024 FAQs
The Sammaan Capital’s NCD Tranche is set to open on September 6 and will close on September 19, 2024.
The price has been fixed at ₹1000 per NCD.
The issue size amounts to ₹125 crores.
Furthermore, the NCD tranche will be listed on the BSE and NSE platforms.
You can apply either online or offline through your existing Demat account.
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