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NCD Status: Closed [27th Sep 2023 to 12th Oct 2023]
Aditya Birla Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 1000.00 Cr and Shelf issue size is not known yet. The subscription is opening soon. The face value and Issue price is Rs 1000 per NCD. Soon the Tenor, series, entitlement and coupon rate will declare.
Check more about the Aditya Birla Finance Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 27th Sep 2023 |
| NCD Closing Date: | 12th Oct 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹1000.00Cr |
| Issue Size (Shelf): | |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE, NSE |
| Tenor: | 3, 5, 10 years |
| Rating: | IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA |
| Series: | Series I to VI |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 27th Sep 2023 |
| NCD Issue Close | 12th Oct 2023 |
| BSE Code: | 3169 |
| BSE Script Symbol: | ABFL001 |
| NSE Code: | ABFL001 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 2500000 | 25% |
| Non-Institutional | 2500000 | 25% |
| HNI | 2500000 | 25% |
| Retail | 2500000 | 25% |
Aditya Birla Finance was established in 1991 and is now classified as an "Upper Layer" NBFC under the scale-based regulatory framework for NBFCs introduced by the RBI, effective September 30, 2022. Birla Finance provides comprehensive lending, financing and wealth management services to retail, high net worth individuals, micro“, small and medium enterprises (MSMEs) and corporate customers.
The company caters to the diverse needs of a wide range of retail, high net worth individuals, micro, small and medium enterprises (MSMEs) and corporate clients. The portfolio is well diversified across different sectors and products. The company offers customized solutions in the areas of personal and business loans, corporate finance, mortgages, personal loans, business loans, check-out financing, real estate loans, term loans, working capital loans, securities loans, project loans and asset services.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 50,755.20 | 56,969.20 | 84,122.80 |
| Revenue | 5,528.00 | 5,796.90 | 8,267.70 |
| Profit After Tax | 768.80 | 1,108.30 | 1,553.80 |
| Net Worth | 8,965.90 | 9,968.90 | 11,530.70 |
| Reserves and Surplus | |||
| Total Borrowing |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Aditya Birla Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 3 Years | 3 Years | 5 Years | 5 Years | 10 Years | 10 Years |
| Coupon (% per Annum) | 8.00% | NA | 8.05% | NA | 7.80% | 8.10% |
| Effective Yield (% per Annum) | 7.99% | 7.99% | 8.04% | 8.04% | 8.08% | 8.09% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,259.46 | Rs 1,000.00 | Rs 1,472.73 | Rs 1,000.00 | Rs 1,000.00 |
Aditya Birla Capital is the company's promoter.
The NCDs proposed to be issued pursuant to this Issue have been rated IND AAA Outlook Stable by India Ratings & Research Private Limited, and rated [ICRA]AAA (Stable) by ICRA Limited.
Last Updated on 2023-10-15T06:32:48+00:00
