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Let’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 RatingIVR AA
Issue Open[●]
Issue Close[●]
*Issue Size (Base)Rs.1,500 Million
Issue Size (Shelf)Rs.1,500 Million
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE, NSE
Tenor24, 36, and 60 Months
Series
Payment FrequencyAnnual, Cumulative
Basis of AllotmentFirst Come First Serve Basis

Dhani Loans and Services NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameDhani Loans and Services
Security TypeSecured Redeemable Non-Convertible Debentures
Coupon payment frequencyAnnual, Cumulative
Coupon type
Tenor24, 36, and 60 Months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeBEACON 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 / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total 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
CategoryNCD’s Allocated
QIB – Category 110%
NII – Category 210%
HNI – Category 340%
RII – Category 440%

Dhani Loans and Services NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1100,000
NII – Category 2100,000
HNI – Category 3400,000
RII – Category 4400,000
Total NCD’s1,000,000

Dhani Loans and Services NCD Coupon Rates

SeriesIIIIIIIVVVIVII
NatureAnnualCumulative*AnnualCumulativeMonthlyAnnualCumulative
Frequency of
Interest
Payment
AnnualCumulative*AnnualCumulativeMonthlyAnnualCumulative
Minimum
Application
Rs. 10,000/- (10 NCDs) across all series
Face ValueRs. 1,000/-
In Multiples
of thereafter
(In Rs.)
Rs. 1,000/- (1 NCD)
Tenor24243636606060
Coupon (%
per annum) All Category
8.25%NA8.50%NA8.42%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. 1,171.80Rs. 1000/-Rs. 1,277.60/-Rs. 1000/-Rs. 1000/-Rs. 1,521.41/-
Maturity /
Redemption
Date
24243636606060
Put Option
Call Option
N.A.N.A.*N.A.NANANANA

Dhani Loans and Services NCD Issue Object

The objects of the issue are:

  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.

Dhani Loans and Services – Company Overview

Dhani Loans and Services NCDTheir 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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