Let’s have a detailed review of the company and analytics of the Fullerton India NCD release date, FICCL NCD issue size, subscription, Fullerton India NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Fullerton India NCD (FICCL NCD) – September 2019 Detail
|Credit Rating||CRISIL AAA/Stable, ICRA AAA/Stable|
|Base Size||Rs [.] Crores|
|Shelf Size||Rs [.] Crores|
|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|
|Basis of Allotment||First Come First Serve Basis|
Fullerton India NCD – Basis of the Offer Price
|Security Name||Fullerton India|
|Security Type||Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)|
|Coupon payment frequency||NA|
|Depository||NSDL and CDSL|
|Disbursement||SEBI Debt Regulations|
|Debenture Trustee||Catalyst Trusteeship Limited|
Fullerton India NCD Dates
The opening and the closing date of Fullerton India NCD is NA.
Fullerton India NCD Subscription
|Day / Date||QIB Category 1||NII Category 2||HNI Category 3||RII Category 4||Total Subscription|
|1st – 10th Day: till|
|10th – 20th Day: till|
|20th – 30th Day: till|
|Shares Offered or Net Issue|
The shares subscribed by the public will be updated here.
Fullerton India NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Fullerton NCD / FICCL 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.
Fullerton India NCD Allocation Ratio
|FICCL NCD Allocation Ratio|
|QIB – Category 1||0%|
|NII – Category 2||0%|
|HNI – Category 3||0%|
|RII – Category 4||0%|
Fullerton India NCD Offered
|FICCL NCD’s Offered|
|QIB – Category 1||NA|
|NII – Category 2||NA|
|HNI – Category 3||NA|
|RII – Category 4||NA|
Fullerton India NCD Coupon Rates
|Put and call
|Rs. 10,000 (10 NCDs) collectively across all Series and in multiples of Rs.1,000 (1 NCD) thereafter across all Series|
|Face Value||Rs. 1,000 (1 NCD)|
|Mode of Payment||Through various options available|
Fullerton NCD or FICCL NCD Issue Object
These are the NCD Issue Objects of the company
- The Company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue related expenses to the extent payable by their Company (“Net Proceeds”), towards funding the following objects (collectively, referred to herein as the “Objects”). For the purpose of onward lending, financing, refinancing the existing indebtedness of their Company (payment of interest and/or repayment/prepayment of principal of borrowings); and
- General corporate purposes.
Fullerton India Credit Company Limited – Company Overview
They are a non-banking finance company operating in India focused on creating and maintaining retail portfolio of lending to individuals and small businesses. They target financing the needs of under-banked and under-served population and is spread across the country’s broad financial landscape.
It provides financial services across a wide spectrum of needs, affluence, customer life cycle. As on March 31, 2019, the Company has an entrenched presence in the market through more than 626 branches, covering approximately 600 towns and close to 58,000 villages. Further, with over 13,062 employees, their Company is serving 33,82,132 customers as on March 31, 2019.
The business lines primarily comprise of Urban Business, Rural Business and Digital Business. They serve urban and rural markets through their diversified product portfolio.
The product portfolio constitutes mainly of advancing loans for purchase of commercial vehicles and two-wheelers, loans against property, loan against shares, developer financing, working capital loans for urban self-employed, SME and MSME, personal loans and loans for rural livelihood advancement through garima loans and samriddhi loans, and financing of various rural small enterprises.
In addition to their Urban and Rural Businesses, they also provide digital loan solutions under their Digital Business which enables their Company to cater to a larger customer base spread across various geographies and acquire new customers through their Company’s digital platform. Apart from their financial lending products, their Company also distributes third party general and life insurance products.
Fullerton NCD or FICCL NCD Lead Managers
|EDELWEISS FINANCIAL SERVICES LIMITED
ICICI SECURITIES LIMITED
A.K. CAPITAL SERVICES LIMITED
Fullerton India NCD Debenture Trustee
|CATALYST TRUSTEESHIP LIMITED**
GDA House, Plot No. 85,
Bhusari Colony (Right),
Kothrud, Pune – 411038
Tel: +91 20 2528 0081
Fax: + 91 20 2528 0275
Email: [email protected]
Investor Grievance Email: [email protected]
Contact Person: Compliance Officer
SEBI Registration No.: IND000000034
Fullerton India NCD Registrar to offer
|Registrar to the Offer|
|LINK INTIME INDIA PRIVATE LIMITED
Address: C- 101 1st Floor 247 Park
LBS Marg, Vikhroli (West)
Mumbai 400083, Maharashtra, India
Tel: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Investor Grievance mail: [email protected]
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Fullerton India NCD or FICCL NCD Ratings
The NCDs proposed to be issued under this Issue have been rated ‘CRISIL AAA (Stable)’ (pronounced as CRISIL triple A rating with stable outlook) for an amount of Rs. 2,00,000 Lakhs, by CRISIL Limited (“CRISIL”) vide their letter dated July 5, 2019 and revalidated vide revalidation letter dated August 20, 2019 and further revalidated vide revalidation letter dated September 16, 2019, and ‘ICRA [AAA] (Stable)’ (pronounced as ICRA triple A rating with stable outlook)’ for an amount of Rs. 2,00,000 Lakhs, by ICRA Limited (“ICRA”) vide their letter dated July 22, 2019 and revalidated vide revalidation letter dated August 30, 2019.
The rating of NCDs by CRISIL and ICRA indicate that instruments with this rating are considered to have highest degree of safety regarding timely servicing of financial obligations and carry lowest credit risk.
Fullerton India NCD News
News 1 – Download DRHP Prospectus
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