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DHFL NCD / Bonds Dates, Size, Allotment, Subscription, DRHP & more

Let’s have a detailed review of the company and analytics of the Dewan Housing Finance Corporation Limited NCD release date, NCD issue size, subscription, Dewan Housing Finance Corporation Limited NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.

Dewan Housing Finance Corporation Limited NCD – May 2018 Detail

Credit RatingCARE AAA Stable by CARE and BWR AAA Stable by Brickwork Ratings
Issue OpenMay 22, 2018
Issue CloseJune 4, 2018
Issue Size (Base)Rs 3,00,000 lakhs
Issue Size (Shelf)Rs 12,00,000
Lakh
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Tenor3 years/ 5 years/ 7 years/ 10 years
SeriesSeries I to Series VII
Payment FrequencyMonthly and Annual
Basis of Allotment

Dewan Housing Finance Corporation Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Coupon payment frequencyMonthly and Annual
Coupon typeFixed
Tenor3 years/ 5 years/ 7 years/ 10 years
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeCatalyst Trusteeship Limited

Dewan Housing Finance Corporation Limited NCD Dates

The opening and the closing date of Dewan Housing Finance Corporation Limited NCD is May 22, 2018 to June 4, 2018.


Dewan Housing Finance Corporation Limited NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total 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.


Dewan Housing Finance Corporation Limited NCD Allotment Status

Here, you can find the Allotment Status of this NCD.


Dewan Housing Finance Corporation Limited 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.

DHFL NCD Allocation Ratio

NCD Allocation Ratio
CategoryNCD’s Allocated
QIB – Category 125%
Corporate – Category 210%
HNI – Category 330%
RII – Category 435%

Dewan Housing Finance Corporation Limited NCD’s Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 13,00,00,000
NII – Category 21,20,00,000
HNI – Category 33,60,00,000
RII – Category 44,20,00,000
Total NCD’s12,00,00,000

DHFL NCD Coupon Rates

SeriesIIIIIIIVVVIVII*
Interest typeFixedFixedFixedFixedFixedFixedFloating
Interest reset processNANANANANANAAnnual
Frequency of Interest
Payment
AnnualAnnualAnnualAnnualMonthlyMonthlyAnnual
Tenor3 Years5 Years7 Years10 Years3 Years5 Years3 Years
Coupon (%) for NCD
Holders in Category I &
Category II
8.90%8.90%8.90%8.90%8.56%8.56%Benchmark
MIBOR +
spread
of 2.16%*
Coupon (%) for NCD
holders in Category III
8.90%9.00%9.00%9.00%8.56%8.65%Benchmark
MIBOR +
spread
of 2.16%*
Coupon (%) for NCD
holders in Category IV
8.90%9.00%9.00%9.10%8.56%8.65%Benchmark
MIBOR +
spread
of 2.16%*
Effective Yield (per
annum) for NCD
Holders in Category I &
Category II
8.90%8.90%8.90%8.90%8.90%8.90%Benchmark
MIBOR +
spread
of 2.16%*
Effective Yield (per
annum) for NCD
Holders in Category III
8.90%9.00%9.00%9.00%8.90%9.00%Benchmark
MIBOR +
spread
of 2.16%*
Effective Yield (per
annum) for NCD
Holders in Category IV
8.90%9.00%9.00%9.10%8.90%9.00%Benchmark
MIBOR +
spread
of 2.16%*
Put and call optionNA
Redemption Date (Years
from the Deemed Date
of Allotment)
3 Years5 Years7 Years10 Years3 Years5 Years3 Years
Redemption Amount
(Rs./NCD)
Rs.
1,000
Rs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000Rs. 1,000
Minimum ApplicationRs. 10,000 (10 NCDs) across all Series collectively
In multiples of thereafterRs. 1,000 (1 NCD)
Face Value / Issue Price (Rs. / NCD)Rs. 1,000 (1 NCD)
Mode of Interest PaymentThrough various options available

Dewan Housing Finance Corporation Limited NCD Issue Object

Our Company proposes to utilise the funds which are being raised through the 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 of interest and principal of existing borrowings of the Company;
  • General corporate purposes;

Dewan Housing Finance Corporation Limited – Company Overview

Our Company was incorporated on April 11, 1984, as Dewan Housing Finance & Leasing Company Limited as a public limited company under the provisions of the Companies Act, 1956, as amended and was granted a certificate of incorporation by the RoC.

The name was subsequently changed to “Dewan Housing Development Finance Limited” on September 26, 1984 and later to Dewan Housing Finance Corporation Limited on August 25, 1992.


Dewan Housing Finance Corporation Limited NCD Lead Managers

Lead Managers
YES SECURITIES (INDIA) LIMITED

GREEN BRIDGE CAPITAL ADVISORY PRIVATE LIMITED

ICICI BANK LIMITED

ICICI SECURITIES LIMITED

IIFL HOLDINGS LIMITED

INDUSIND BANK LIMITED

SBI CAPITAL MARKETS LIMITED

EDELWEISS FINANCIAL SERVICES LIMITED

A.K.CAPITAL SERVICES LIMITED

AXIS BANK LIMITED

TRUST INVESTMENT ADVISORS PRIVATE LIMITED


DHFL NCD Debenture Trustee

Debenture Trustee
CATALYST TRUSTEESHIP LIMITED**
‘GDA House’, First Floor, Plot No. 85, S No. 94 & 95,
Bhusary Colony, Kothrud, Pune – 411 038
Tel: +91 20 2528 0081
Fax: +91 20 2528 0275
Email: [email protected]
Investor Grievance Email: [email protected]
Website:www.catalysttrustee.com
Contact Person: Ms. Shamala Nalawade
SEBIRegn.No: IND000000034

DHFL 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: [email protected]
Investor Grievance Email: [email protected]
Website: www.karisma.karvy.com
ContactPerson: Mr. M Murali Krishna
SEBIRegn. No: INR000000221

Dewan Housing Finance Corporation Limited NCD Ratings

The NCDs proposed to be issued under the Issue have been rated ‘CARE AAA; Stable (Triple A; Outlook: Stable)’ for an amount of Rs 15,00,000 lakh, by CARE Ratings Limited (“CARE”) vide their letter dated April 27, 2018 and ‘BWR AAA (Pronounced as BWR Triple A), Outlook: Stable’ (for an amount of Rs 15,00,000 lakh, by Brickwork Ratings India Private Limited (“Brickwork”) vide their letter dated April 27, 2018.

The rating of CARE AAA; Stable by CARE and BWR AAA, Outlook: Stable’ by Brickwork indicate that instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations.


Dewan Housing Finance Corporation Limited NCD News

News 1 – Download RHP Prospectus


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