DHFL NCD / Bonds Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 16, 2022Let’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 Rating | CARE AAA Stable by CARE and BWR AAA Stable by Brickwork Ratings |
| Issue Open | May 22, 2018 |
| Issue Close | June 4, 2018 |
| Issue Size (Base) | Rs 3,00,000 lakhs |
| Issue Size (Shelf) | Rs 12,00,000 Lakh |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Tenor | 3 years/ 5 years/ 7 years/ 10 years |
| Series | Series I to Series VII |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment |
Dewan Housing Finance Corporation Limited NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Coupon payment frequency | Monthly and Annual |
| Coupon type | Fixed |
| Tenor | 3 years/ 5 years/ 7 years/ 10 years |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Catalyst 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 / 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.
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 | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 25% |
| Corporate – Category 2 | 10% |
| HNI – Category 3 | 30% |
| RII – Category 4 | 35% |
Dewan Housing Finance Corporation Limited NCD’s Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 3,00,00,000 |
| NII – Category 2 | 1,20,00,000 |
| HNI – Category 3 | 3,60,00,000 |
| RII – Category 4 | 4,20,00,000 |
| Total NCD’s | 12,00,00,000 |
DHFL NCD Coupon Rates
| Series | I | II | III | IV | V | VI | VII* |
| Interest type | Fixed | Fixed | Fixed | Fixed | Fixed | Fixed | Floating |
| Interest reset process | NA | NA | NA | NA | NA | NA | Annual |
| Frequency of Interest Payment |
Annual | Annual | Annual | Annual | Monthly | Monthly | Annual |
| Tenor | 3 Years | 5 Years | 7 Years | 10 Years | 3 Years | 5 Years | 3 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 option | NA | ||||||
| Redemption Date (Years from the Deemed Date of Allotment) |
3 Years | 5 Years | 7 Years | 10 Years | 3 Years | 5 Years | 3 Years |
| Redemption Amount (Rs./NCD) |
Rs. 1,000 |
Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 |
| Minimum Application | Rs. 10,000 (10 NCDs) across all Series collectively | ||||||
| In multiples of thereafter | Rs. 1,000 (1 NCD) | ||||||
| Face Value / Issue Price (Rs. / NCD) | Rs. 1,000 (1 NCD) | ||||||
| Mode of Interest Payment | Through 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: dt@ctltrustee.com Investor Grievance Email: grievance@ctltrustee.com 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: einward.ris@karvy.com Investor Grievance Email: dgflncd.ipo@karvy.com 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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