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Sammaan Capital Limited NCD (Sammaan Capital NCD Tranche I September 2024) Detail

September 6, 2024 - September 19, 2024
Sammaan Capital Limited Logo

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. As of June 30, 2024, 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.

Sammaan Capital NCD Tranche I September 2024 Detail

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) Rs 125.00 Crores
Issue Size (Oversubscription)Rs 125.00 Crores
Tranche Issue SizeRs 250.00 Crores
Issue Size (Shelf) Rs 2,000.00 Crores
Tranche Number1
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

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/sIdbi Trusteeship Services Ltd.

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 30%
Non-Institutional 10%
HNI 30%
Retail 30%

Sammaan Capital Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10Series 11Series 12
Frequency of Interest PaymentAnnualMonthlyCumulativeAnnualMonthlyCumulativeAnnualMonthlyAnnualMonthlyAnnualMonthly
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 Months24 Months24 Months36 Months36 Months36 Months60 Months60 Months84 Months84 Months120 Months120 Months
Coupon (% per Annum)9.65%9.25%NA9.9%9.48%NA10.15%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.)Rs 1,000Rs 1,000Rs 1,202.32Rs 1,000Rs 1,000Rs 1,327.38Rs 1,000Rs 1,000Rs 1,000Rs 1,000Rs 1,000Rs 1,000

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 Promoters

Sammaan Capital Limited is a professionally managed company and does not have an identifiable promoter.

Company Financials

Sammaan Capital Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets74,945.2481,973.3274,945.24
Revenue8,725.798,993.98,725.79
Profit After Tax1,127.681,177.741,201.59
Reserves and Surplus17,678.3418,353.75
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilise the funds which are being raised through this Issue towards funding the following objects:
  1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
  2. General corporate purposes.

Sammaan Capital NCD Tranche I September 2024 Prospectus

Sammaan Capital NCD Tranche I September 2024 Subscription Status

The Sammaan Capital NCD Tranche I September 2024 was subscribed 1.72 times on September 19, 2024 6:01:00 PM. The NCD subscribed 2.30 times in Retail, 2.35 times in HNI, 0.80 times in Non-Institutional, and 0.80 times in the Institutional category.

Category ?Subscription (times)
Retail2.30x
HNI2.35x
Non-Institutional0.80x
Institutional0.80x
Total1.72x

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Sammaan Capital NCD Tranche I September 2024 Rating

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3.6
Rating:Rated 3.6 stars
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Sammaan Capital NCD Tranche I September 2024 Reviews

Company Contact Information

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 Tranche I 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/


2 Comments

2. Satya Prakash   I Like It. |Report Abuse|  Link|September 3, 2024 4:11:30 PMReply
Companies financial data
In last 3 or 4 ncds company financial data showing continues decreasing year by year but here continue increasing how it possible. please check.
2.1. Prachi Chittorgarh   I Like It. |Report Abuse|  Link|September 4, 2024 7:06:21 PM
Greetings,

Updated the financial data as per the DRHP (Shelf Prospectus) for Sammaan Capital Limited NCD.

Thanks for the feedback.
1. Satya Prakash Mishra   I Like It. |Report Abuse|  Link|September 3, 2024 4:07:24 PMReply
Indiabulls last 3 or 4 NCD
assets, revenue figure showing continue falling, but here it is showing increasing how it is possible.pl.check.
1.1. Abhinav   I Like It. |Report Abuse|  Link|September 4, 2024 5:44:30 AM
This could be the data entry operator's error which is normally seen on this site. If you check earlier issues except this one, the figures shown are as you have observed.

What is more important is how many times many of the companies change their name and confuse the investors. I think this is the 3rd change in this company's name within a short span.

Why they do this is seldom seen mentioned in the prospectus.

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