Reliance Home Finance Ltd NCD Dates, Size, Allotment, Subscription, RHP & more
Last Updated Date: Aug 24, 2022Let’s have a detailed review of the company and analytics of the Reliance Home Finance Ltd NCD release date, NCD issue size, subscription, Reliance Home Finance Ltd NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Reliance Home Finance Ltd NCD – December 2016 Detail
Credit Rating | ‘CARE AA+; Stable CARE and BWR AA+ Stable by Brickwork Ratings |
Issue Open | December 22, 2016 |
Issue Close | January 6, 2017 |
Issue Size (Base) | Rs. 1,00,000 lakhs |
Issue Size (Shelf) | Rs. 3,50,000 lakhs |
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 year/ 5 year/ 10 year/ 15 year |
Series | Series I to Series IV |
Payment Frequency | Annual |
Basis of Allotment |
Reliance Home Finance Ltd NCD – Basis of the Offer Price
ISSUE STRUCTURE | |
Security Name | Reliance Home Finance Ltd |
Security Type | Secured, Non-Convertible Debentures and Unsecured NCDs |
Coupon payment frequency | Annual |
Coupon type | Fixed |
Tenor | 3 year/ 5 year/ 10 year/ 15 year |
Depository | NSDL and CDSL |
Disbursement | SEBI Debt Regulations |
Debenture Trustee | IDBI Trusteeship Services Limited |
Reliance Home Finance Ltd NCD Dates
The opening and the closing date of Reliance Home Finance Ltd NCD is December 22, 2016 to January 6, 2017.
Reliance Home Finance Ltd 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.
Reliance Home Finance Ltd NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Reliance Home Finance Ltd 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.
Reliance Home Finance Ltd NCD Allocation Ratio
NCD Allocation Ratio | |
Category | NCD’s Allocated |
QIB – Category 1 | 30% |
NII – Category 2 | 10% |
HNI – Category 3 | 30% |
RII – Category 4 | 30% |
Reliance Home Finance Ltd NCD Offered
NCD’s Offered | |
Category | NCD’s Reserved |
QIB – Category 1 | 1,05,00,000 |
NII – Category 2 | 35,00,000 |
HNI – Category 3 | 1,05,00,000 |
RII – Category 4 | 1,05,00,000 |
Total NCD’s | 3,50,00,000 |
Reliance Home Finance Ltd NCD Coupon Rates
Series | I | II | III | IV |
Frequency of Interest Payment | Annual | Annual | Annual | Annual |
Nature of Instrument | Secured | Secured | Secured | Un-Secured |
Minimum Application | Rs. 10,000 (10 NCDs) across all Series collectively | |||
In Multiples of | Rs. 1,000 (1 NCD) | |||
Face Value | Rs. 1,000 | |||
Issue Price | Rs. 1,000 | |||
Mode of Payment | Through various options available | |||
Tenor | 3 years | 5 years | 10 years | 15 years |
Coupon (%) for Category I & Category II |
8.7 | 8.9 | 9 | 9.25* |
Coupon (%) for Category III and Category IV |
8.9 | 9.05 | 9.15 | 9.40 |
Effective Yield for Category I & Category II | 8.7 | 8.9 | 9 | 9.25 |
Effective Yield for Category III & Category IV | 8.9 | 9.05 | 9.15 | 9.4 |
Redemption Date | 3 years | 5 years | 10 years | 15 years |
Redemption Amount | Rs. 1,000 |
Reliance Home Finance Ltd NCD Issue Object
These are the NCD Issue Objects of the company
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes
Reliance Home Finance Ltd – Company Overview
They are a non deposit taking housing finance company registered with the NHB and focused on providing financing products for the LMI to HMI segment in India, primarily in Tier II and Tier III cities and towns and focused on the self-employed. They have been active in the housing finance sector in India since 2009. They are a wholly owned subsidiary of Reliance Capital Limited, the financial services Company of the Reliance Group.
Reliance Home Finance Ltd NCD Lead Managers
Lead Managers |
A. K. CAPITAL SERVICES LIMITED
AXIS BANK LIMITED EDELWEISS FINANCIAL SERVICES LIMITED TRUST INVESTMENT ADVISORS PRIVATE LIMITED YES SECURITIES (INDIA) LIMITED |
Reliance Home Finance Ltd NCD Debenture Trustee
Debenture Trustee |
IDBI TRUSTEESHIP SERVICES LIMITED* Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai – 400 001, Maharashtra, India Tel: +91 22 4080 7000; Fax: +91 22 6631 1776 Email: itsl@idbitrustee.com Investor Grievance email: subrat@ idbitrustee.com/ response@idbitrustee.com Website: www.idbitrustee.com Contact Person: Mr. Subrat Udgata SEBI Regn. Number: IND000000460 |
Reliance Home Finance Ltd NCD Registrar to offer
Registrar to the Offer |
KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500 032; Telangana, India Tel: +91 40 6716 1500 Fax: +91 40 6716 1791 Email: mis.radag@karvy.com Investor Grievance Email: rhfl.ncd@karvy.com Website: http://karisma.karvy.com Contact Person: Mr. M Murali Krishna SEBI Regn. No: INR00000021 |
Reliance Home Finance Ltd NCD Ratings
The Secured NCDs proposed to be issued under this Tranche 1 Issue have been rated ‘CARE AA+; Stable (Double A plus; Outlook: Stable)’ for an amount of Rs3,00,000 lakhs, by Credit Analysis and Research Limited (“CARE”) vide their letter dated October 13, 2016 and BWR AA+ Outlook: Stable for an amount of Rs3,00,000 lakhs, by Brickwork Ratings India Private Limited (“Brickwork”) vide their letter dated October 25, 2016.
The rating of CARE AA+; Stable by CARE and BWR AA+, Outlook: Stable by Brickwork indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
The Un-Secured NCDs proposed to be issued under this Issue have been rated ‘CARE AA; Stable (Double A; Outlook: Stable)’ for an amount of Rs50,000 lakhs, by CARE vide their letter dated November 8, 2016 and BWR AA Outlook: Stable for an amount of `50,000 lakhs, by Brickwork vide their letter dated October 4, 2016.
The rating of CARE AA; Stable by CARE and BWR AA, Outlook: Stable by Brickwork indicate that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Reliance Home Finance Ltd NCD News
News 1 – Download RHP Prospectus
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