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Fullerton India Credit Company Limited NCD Dates, Size, Allotment, Subscription, DRHP & more

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 RatingCRISIL AAA/Stable, ICRA AAA/Stable
Issue OpenNA
Issue CloseNA
Base SizeRs [.] Crores
Shelf SizeRs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
TenorNA
SeriesNA
Payment FrequencyNA
Basis of AllotmentFirst Come First Serve Basis

Fullerton India NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameFullerton India
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Coupon payment frequencyNA
Coupon typeFixed
TenorNA
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeCatalyst Trusteeship Limited

Fullerton India NCD Dates

The opening and the closing date of Fullerton India NCD is NA.


Fullerton India NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total 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
CategoryNCD’s Allocated
QIB – Category 10%
NII – Category 20%
HNI – Category 30%
RII – Category 40%

Fullerton India NCD Offered

FICCL NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1NA
NII – Category 2NA
HNI – Category 3NA
RII – Category 4NA
Total NCD’sNA

Fullerton India NCD Coupon Rates

SeriesIIIIIIIVVVIVIIVIIIIXX
Interest
type
Frequency
of Payment
Tenor
Coupon
Effective
Yield
Redemption amount
Put and call
option
NA
Redemption
Date
Minimum
Application
and in
multiples
thereafter
Rs. 10,000 (10 NCDs) collectively across all Series and in multiples of Rs.1,000 (1 NCD) thereafter across all Series
Face ValueRs. 1,000 (1 NCD)
Mode of PaymentThrough 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

FULLERTON INDIA CREDIT COMPANY NCDThey 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

Lead Managers
EDELWEISS FINANCIAL SERVICES LIMITED

ICICI SECURITIES LIMITED

A.K. CAPITAL SERVICES LIMITED


Fullerton India NCD Debenture Trustee

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]
Website: www.catalysttustree.com
Contact Person: Compliance Officer
SEBI Registration No.: IND000000034
CIN: U74999PN1997PLC110262

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]
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
CIN: U67190MH1999PTC118368

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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