Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
NCD Status: Closed [4th Jan 2022 to 27th Jan 2022]
Dhani Loans and Services NCD of Rs. 300 Cr issue size opens for subscription from 4 Jan to 27 Jan 2022. The company issues series I to VII secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 370 days, 24 and 36 months with a coupon rate ranging 10 to 11 percent per annum. Check more about Dhani Loans and Services NCD January 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 4th Jan 2022 |
| NCD Closing Date: | 27th Jan 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 150 Cr |
| Issue Size (Shelf): | Rs 150 Cr |
| 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: | 370 days, 24 and 36 Months |
| Rating: | IVR AA/ Stable Outlook by Infomerics Valuation and Rating Private Limited |
| Series: | Series I to Series VII |
| Payment Frequency: | Monthly, Annual, Cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 4th Jan 2022 |
| NCD Issue Close | 27th Jan 2022 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 450000 | 30% |
| Non-Institutional | 150000 | 10% |
| HNI | 450000 | 30% |
| Retail | 450000 | 30% |
Dhani Loans and Services Limited is 100% subsidiary of Dhani Services Limited, formerly know as Indiabulls Consumer finance limited. The compnay is a non-deposit taking NBFC. The company has digital platform named as "DHANI" which offer online personal loan, unsecured busines loan and Secured loans to individuals and corporates.
The Company has a PAN India presence. As of September 30, 2021, Dhani Services Limited has 133 branches and has disbursed loans to customers in over 900 cities in India through the Dhani App.
| Particulars | For the year/period ended (Rs in Cr) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 8310.78 | 9728.18 | 13800.74 | ||
| Total Revenue | 1176.69 | 2683.68 | 1775.23 | ||
| Profit After Tax | -115.83 | -37.43 | 384.57 | ||
The company proposes to utilise the funds for the following objects:
| Series | I | **II | III | IV | V | VI | VII |
| Frequency of Interest Payment | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly |
| Tenor | 370 Days | 24 months | 24 months | 24 months | 36 months | 36 months | 36 months |
| Coupon (% per annum) | NA | 10.50% | NA | 10.03% | 11.00% | NA | 10.49% |
| Effective Yield (%) (per annum) | 10.00% | 10.50% | 10.50% | 10.50% | 10.99% | 11.00% | 11.00% |
| Amount (Rs / NCD) on Maturity | 1,101.44 | 1,000 | 1,221.03 | 1,000 | 1,000 | 1,368.05 | 1,000 |
| Maturity / Redemption Date (Years from the Deemed Date of Allotment) | 370 Days | 24 months | 24 months | 24 months | 36 months | 36 months | 36 months |
| Put and Call Option | Not Applicable | ||||||
| **The company shall allocate and allot series II NCDs wherein the applicants have not indicated the choice of the relevant NCD Series. | |||||||
Dhani Services Limited is the company promoter.
IVR AA/ Stable Outlook for an amount of Rs 10,00 Cr by Infomerics Valuation and Rating Private Limited. These ratings signify a high degree of safety, regarding timely servicing of financial obligations and low credit risk.
Last Updated on 2022-11-15T15:26:51+00:00
