Dhani Loans and Services NCD Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Dhani Loans and Services NCD release date, NCD issue size, subscription, Dhani Loans and Services NCD allotment, and other details like the company’s background, its financial positions, its promoters, and other related things.
Dhani Loans and Services NCD – December 2021 Detail
| Credit Rating | IVR AA |
| Issue Open | [●] |
| Issue Close | [●] |
| *Issue Size (Base) | Rs.1,500 Million |
| Issue Size (Shelf) | Rs.1,500 Million |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 10 NCD |
| Listing At | BSE, NSE |
| Tenor | 24, 36, and 60 Months |
| Series | – |
| Payment Frequency | Annual, Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Dhani Loans and Services NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Dhani Loans and Services |
| Security Type | Secured Redeemable Non-Convertible Debentures |
| Coupon payment frequency | Annual, Cumulative |
| Coupon type | |
| Tenor | 24, 36, and 60 Months |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | BEACON TRUSTEESHIP LIMITED |
Dhani Loans and Services NCD Dates
The opening and the closing date of Dhani Loans and Services NCD is [●], to [●]
Dhani Loans and Services NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day: | |||||
| 10th – 20th Day: | |||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Dhani Loans and Services NCD Allotment Status
Here, you can find the Allotment Status of Dhani Loans and Services NCD.
Dhani Loans and Services NCD Share Offering
Issue of 10,00,000 Equity Shares of face value of Rs.1000/- each for cash for Rs. [ ] per Equity Share (including a share premium of Rs. [ ] per Equity Share) aggregating Rs. [ ] lakhs.
Dhani Loans and Services NCD Allocation Ratio
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 10% |
| NII – Category 2 | 10% |
| HNI – Category 3 | 40% |
| RII – Category 4 | 40% |
Dhani Loans and Services NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 100,000 |
| NII – Category 2 | 100,000 |
| HNI – Category 3 | 400,000 |
| RII – Category 4 | 400,000 |
| Total NCD’s | 1,000,000 |
Dhani Loans and Services NCD Coupon Rates
| Series | I | II | III | IV | V | VI | VII |
| Nature | Annual | Cumulative | *Annual | Cumulative | Monthly | Annual | Cumulative |
| Frequency of Interest Payment |
Annual | Cumulative | *Annual | Cumulative | Monthly | Annual | Cumulative |
| Minimum Application |
Rs. 10,000/- (10 NCDs) across all series | ||||||
| Face Value | Rs. 1,000/- | ||||||
| In Multiples of thereafter (In Rs.) |
Rs. 1,000/- (1 NCD) | ||||||
| Tenor | 24 | 24 | 36 | 36 | 60 | 60 | 60 |
| Coupon (% per annum) All Category |
8.25% | NA | 8.50% | NA | 8.42% | 8.75% | NA |
| Effective Yield (per annum) All Category, |
8.25% | 8.25% | 8.49% | 8.50% | 8.75% | 8.75% | 8.75% |
| Mode of Interest Payment |
Through various modes available | ||||||
| Amount (Rs. / NCD) All Category |
Rs. 1000/- | Rs. 1,171.80 | Rs. 1000/- | Rs. 1,277.60/- | Rs. 1000/- | Rs. 1000/- | Rs. 1,521.41/- |
| Maturity / Redemption Date |
24 | 24 | 36 | 36 | 60 | 60 | 60 |
| Put Option Call Option |
N.A. | N.A. | *N.A. | NA | NA | NA | NA |
Dhani Loans and Services NCD Issue Object
The objects of the issue are:
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes.
Dhani Loans and Services – Company Overview
Their Company is a non-deposit-taking systemically important NBFC registered with the RBI and a 100% subsidiary of Dhani Services Limited (formerly Indiabulls Ventures Limited), a listed Indian company. They provide transaction finance to their customers through an array of product offerings and also provide personal loans, secured & unsecured business loans to individuals & corporates.
As of the date of this Draft Prospectus, they have catered to the financial requirements of their customers by disbursing over 10 million loans. They are part of the Dhani group. Their Promoter, Dhani Services Limited (formerly Indiabulls Ventures Limited) is a consumer business that provides digital healthcare and digital transactional finance to its customers.
Dhani Services Limited (formerly Indiabulls Ventures Limited) was incorporated in 1995. Dhani Services Limited is a consumer business that operates through its app Dhani and provides digital healthcare and digital transactional finance to its’ customers.
Growing from a personal finance business to now offering a comprehensive range of products across both healthcare and financial services, Dhani Services Limited has continually prioritized the need to design offerings made for the current market environment while continuously analyzing the need for new products as the market evolves
Dhani Loans and Services NCD Lead Managers
| Lead Managers |
|
EDELWEISS FINANCIAL SERVICES LIMITED TRUST INVESTMENT ADVISORS PRIVATE LIMITED |
Dhani Loans and Services NCD Debenture Trustee
| Debenture Trustee |
| BEACON TRUSTEESHIP LIMITED 4 C&D, Siddhivinayak Chambers, Gandhi Nagar, Opp. MIG Cricket Club Bandra (East), Mumbai- 400 051 Telephone No: +91 22 26558759 Email: compliance@beacontrustee.co.in Investor Grievance Email: investorgrievances@beacontrustee.co.in Website: www.beacontrustee.co.in Contact Person: Mr. Vitthal Nawandhar |
Dhani Loans NCD Registrar to offer
| Registrar to the Offer |
|
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium Tower B, Plot No – 31 & 32, Financial District, Nanakramguda, Serilingampally Hyderabad Rangareddy, Telangana– 500 032 Telephone No.: +91 40 6716 2222 Facsimile No.: +91 40 2343 1551 Email: dhani.ncd@kfintech.com Investor Grievance Email: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: Mr. M Murali Krishna |
Dhani Loans NCD Ratings
The NCDs proposed to be issued under this Issue have been rated IVR AA/ Stable Outlook (pronounced as IVR Double-A with stable outlook), for an amount of ₹ 10,000 million by Infomerics Valuation and Rating Private Limited vide letter dated March 10, 2021, further revalidated vide letters dated May 22, 2021, and November 23, 2021, and instruments with this rating are considered to offer a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
For the rationale and press release for these ratings, see “General Information” and Annexure A of this Draft Prospectus. These ratings are not a recommendation to buy, sell or hold securities and investors should take their own decision. These ratings are subject to suspension, revision, or withdrawal at any time by the assigning rating agencies and should be evaluated independently of any other ratings.
Dhani Loans and Services NCD News
News 1 – Download RHP Prospectus
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