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Incoprorated in 1995, Dhani Loans and Services Limited offers digital healthcare and finance products and services through Dhani App. The company also offers personal loans and secured and unsecured business loans to individuals and corporates. Dhani Loans and Services Limited is a 100% subsidiary of Dhani Services Limited. Indiabulls Consumer Finance Limited was the previous name of Dhani Loans and Services Limited.
As of December 31, 2021, The company had approximately 2.42 million subscribers to the Dhani OneFreedom Card in over 700 cities and towns across India.
| Issue Open | April 19, 2022 - May 10, 2022 |
| Security Name | Dhani Loans and Services Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 100.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | IVR AA/ Stable Outlook |
| Tenor | 370 days, 24 months and 36 months |
| Series | Series I to VII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 300,000 |
| Non-Institutional | 100,000 |
| HNI | 300,000 |
| Retail | 300,000 |
| Total NCD's | 1,000,000 |
| Series | I | II | III | IV | V | VI | VII | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Nature | Secured NCDs | |||||||||
| Tenure | 370 Days | 24 months | 24 Months | 24 months | 36 months | 36 months | 36 months | |||
| Frequency of Interest Payment | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | |||
| Coupon (% per annum) for NCD Holders | NA | 10.50% | NA | 10.03% | 11.00% | NA | 10.49% | |||
| Effective Yield for NCD Holders | 10.00% | 10.49% | 10.50% | 10.50% | 10.99% | 11.00% | 11.00% | |||
| Amount (Rs./ NCD) on maturity | 1,101.44 | 1,000.00 | 1,221.36 | 1,000.00 | 1,000.00 | 1,368.05 | 1,000.00 | |||
The NCD worth Rs. 10000 million has been rated as IVR AA/ Stable Outlook by Infomerics Valuation and Rating Private Limited. The instrument with such a rating is expected to have a Stable Outlook.
Dhani Services Limited is the company promoter.
| Particulars | For the year/period ended (Rs in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 83,107.57 | 97,281.77 | 138,007.40 | ||
| Total Revenue | 11,766.94 | 26,836.81 | 17,752.29 | ||
| Profit After Tax | -1,158.26 | -374.27 | 3,845.16 | ||
The Net Proceeds raised through this Issue will be utilised for the following activities:
The Dhani Loans and Services NCD April 2022 was subscribed 1.04 times on May 10, 2022 5:00:00 PM. The NCD subscribed 1.40 times in Retail, 0.35 times in HNI, 5.13 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 1.40x |
| HNI | 0.35x |
| Non-Institutional | 5.13x |
| Institutional | 0.00x |
| Total | 1.04x |
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Dhani Loans and Services Limited
M-62 & 63,
First Floor, Connaught Place
New Delhi – 110 001,
Phone: +91 11 4353 2950
Email: ncdsupport@dhani.com
Website: http://www.dhaniloansandservices.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: dhaniloans.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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