Aadhar Housing Finance Ltd NCD Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 15, 2022Let’s have a detailed review of the company and analytics of the Aadhar Housing Finance Ltd NCD release date, NCD issue size, subscription, Aadhar Housing Finance Ltd NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Aadhar Housing Finance Ltd NCD – September 2018 Detail
| Credit Rating | CARE AA+ (SO) by CARE and BWR AA+ (SO) by Brickwork Ratings |
| Issue Open | September 14, 2018 |
| Issue Close | September 28, 2018 |
| Issue Size (Base) | Rs. 50,000 lakhs |
| Issue Size (Shelf) | Rs. 3,00,000 lakhs |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Tenor | 3 years/5 years/ 10 years |
| Series | Series I to Series VI |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment | Priority Basis |
Aadhar Housing Finance Ltd NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Aadhar Housing Finance Ltd Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Coupon payment frequency | Monthly and Annual |
| Coupon type | Fixed |
| Tenor | 3 years/5 years/ 10 years |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Beacon Trusteeship Limited |
Aadhar Housing Finance Ltd NCD Dates
The opening and the closing date of Aadhar Housing Finance Ltd NCD is September 14, 2018 to September 28, 2018.
Aadhar Housing Finance Ltd NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day : till 19th Sept | |||||
| 10th – 20th Day : till | |||||
| 20th – 30th Day : till | |||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Aadhar Housing Finance Ltd NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Aadhar Housing Finance Ltd NCD Share Offering
Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.
Aadhar Housing Finance Ltd NCD Allocation Ratio
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 20% |
| Corporate – Category 2 | 10% |
| HNI – Category 3 | 35% |
| RII – Category 4 | 35% |
Aadhar Housing Finance Ltd NCD Offered
| NCD Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 28,00,000 |
| NII – Category 2 | 14,00,000 |
| HNI – Category 3 | 49,00,000 |
| RII – Category 4 | 49,00,000 |
| Total NCD’s | 1,40,00,000 |
Aadhar Housing Finance Ltd NCD Coupon Rates
| Tenure | 3 years | 5 years | 10 years | |||
| Nature | Secured | |||||
| Series | I | II** | III | IV | V | VI |
| Frequency of Interest Payment |
NA | Annual | Monthly | Annual | Monthly | Annual |
| Minimum Application | 10 NCDs (Rs.10,000) (across all Series) | |||||
| In multiples, of | 1 NCD after the minimum application | |||||
| Face Value of NCDs (Rs./NCD) |
Rs.1,000 | |||||
| Issue Price (Rs./NCD) | Rs.1,000 | |||||
| Mode of Interest Payment/ Redemption |
Through various modes available | |||||
| Coupon (%) per annum for NCD Holders in Category I, II, III and IV |
NA | 9.60% | 9.25% | 9.65% | 9.35% | 9.75% |
| Coupon Type | Fixed | |||||
| Redemption Amount (`/NCD) on maturity for NCD Holders in Category I, II, III and IV |
Rs.1,316.85 | Rs.1,000 | Rs.1,000 | Rs.1,000 | Rs.1,000 | Rs.1,000 |
| Effective Yield (%) per annum for NCD Holders in Category I, II, III and IV |
9.60% | 9.59% | 9.65% | 9.64% | 9.75% | 9.74% |
| Maturity/Redemption Date (Years from the Deemed Date of Allotment) |
3 years | 3 years | 5 years | 5 years | 10 years | 10 years |
| Put and Call Option | Not Applicable | |||||
Aadhar Housing Finance Ltd NCD Issue Object
Our Company proposes to utilise the funds which are being raised through this Tranche 1 Issue, after deducting the Tranche 1 Issue related expenses to the extent payable by our Company (“Net Proceeds”), towards funding the following objects (collectively, referred to herein as the “Objects”):
- For the purpose of onward lending, financing, and for repayment/ prepayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes.
Aadhar Housing Finance Ltd – Company Overview
The Company was incorporated as a public limited company under the provisions of the Companies Act, 1956, under the name and style “Vysya Bank Housing Finance Limited”, by a certificate of incorporation dated November 26, 1990, issued by the ROC. The Company commenced its operations, pursuant to a certificate of commencement of business dated November 27, 1990.
Subsequently, the Company has obtained a certificate of registration dated July 31, 2001 bearing registration no. 01.0020.01 issued by the NHB, in the name of Vysya Bank Housing Finance Limited, to carry on the activities of a housing finance institution under section 29A of the NHB Act, 1987, which was reissued on October 28, 2003, in the name of DHFL Vysya Housing Finance Limited and reissued on April 5, 2018, in the name of Aadhar Housing Finance Ltd.
The name was subsequently changed to “DHFL Vysya Housing Finance Limited” on October 9, 2003 and later to “Aadhar Housing Finance Limited” on December 4, 2017.
Aadhar Housing Finance Ltd NCD Lead Managers
| Lead Managers |
| Edelweiss Financial Services Limited
YES Bank Limited Axis Bank Limited Green Bridge Capital Advisory Private Limited YES Securities (India) Limited A. K. Capital Services Limited Trust Investment Advisors Private Limited |
Aadhar Housing Finance Ltd NCD Debenture Trustee
| Debenture Trustee** |
| Beacon Trusteeship Limited 4C&D, Siddhivinayak Chambers Gandhi Nagar, Opp. MIG Cricket Club Bandra (E), Mumbai – 400 051 Tel: +91 22 2655 8759 Fax: +91 22 2655 8761 Email: vitthal@beacontrustee.in Investor Grievance Email: contact@beacontrustee.in Website: www.beacontrustee.in Contact Person: Vitthal Nawandhar SEBI Regn. No.: IND000000569 |
Aadhar Housing Finance Ltd NCD Registrar to offer
| Registrar to the Offer |
| Karvy Computershare Private Limited Karvy Selenium Tower B, Plot 31-32 Financial District, Nanakramguda Gachibowli, Hyderabad – 500 032 Tel: +91 40 6716 2222 Fax: +91 40 2343 1551 Email: einward.ris@karvy.com Investor Grievance Email: ahfl.ncdipo@karvy.com Website: www.karisma.karvy.com Contact Person: M Murali Krishna |
Aadhar Housing Finance Ltd NCD Ratings
The NCDs proposed to be issued under this Issue have been rated ‘CARE AA+ (SO); Outlook: Stable’ for an amount of Rs 3,00,000 lakhs, by CARE Ratings Limited (“CARE”) vide their letter dated July 6, 2018 and ‘BWR AA+ (SO), Outlook: Stable (for an amount of Rs 3,00,000 lakhs, by Brickwork Ratings India Private Limited (“Brickwork”) vide their letter dated July 6, 2018.
The rating of CARE AA+ (SO); Outlook: Stable by CARE and BWR AA+ (SO), Outlook: Stable by Brickwork indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Aadhar Housing Finance Ltd NCD News
News 1 – Download DRHP Prospectus
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