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Let’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

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
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
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
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%
Date (Years from the
Deemed      Date      of
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:
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:
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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