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NCD Status: Closed [19th Apr 2022 to 10th May 2022]
Dhani Loans and Services NCD of Rs. 100 Cr base issue size with an option to retain oversubscription of up to Rs. 100 Cr opens for subscription from 19 April to 10 May 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), and the NCD tenor is 370 days and 24 & 36 months. Check more about the Dhani Loans NCD Apr 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 19th Apr 2022 |
| NCD Closing Date: | 10th May 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 100 Cr |
| Issue Size (Shelf): | Rs 100 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 10,000 |
| Listing at: | BSE, NSE |
| Tenor: | 370 days and 24 & 36 months |
| Rating: | IVR AA Stable by Infromerics |
| Series: | Series I to VII |
| Payment Frequency: | Monthly, Annual, and Cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 19th Apr 2022 |
| NCD Issue Close | 10th May 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|
Dhani Loans and Services, a part of Dhani Group, is a non-deposit taking NBFC that offers finance to our customers through various means like personal loans, secured and unsecured business loans to individual and corporates. The company offers all kinds of financing solutions to customers through the Dhani App. Customers can use the Dhani App to choose from a suite of products to help manage their financial needs on a regular basis like managing all payments through the “Dhani Card” or “Dhani Wallet”; and access to personal finance through “Dhani Credit Line”.
| Dhani Loans and Services Financials (₹ in Cr) | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|
| Total Assets | ₹8,310.76 | ₹9,728.18 | ₹13,800.74 |
| Total Income | ₹1,176.69 | ₹2,683.68 | ₹1,775.23 |
| Net Profit/Loss | ₹(115.83) | ₹(37.43) | ₹384.52 |
The NCD purposes to utilize the net proceeds towards the following purposes;
| Tenure | 370 days | 24 months | 24 months | 24 months | 36 months | 36 months | 36 months |
| Options | I | II | III | IV | V | VI | VII |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly |
| Coupon Rate % Per Annum for NCD holders in I, II, III, & IV | NA | 10.50% | NA | 10.03% | '11% | NA | 10.49% |
| Effective Yield (% per annum) for NCD holders in I, II, III, & IV | 10.00% | 10.49% | 10.50% | 10.50% | 10.99% | 11.00% | 11.00% |
| Amount on Maturity for NCD holders in I, II, III, & IV | ₹1,101.44 | ₹1,000 | ₹1,221.36 | ₹1,000 | ₹1,000 | ₹1,368.05 | ₹1,000 |
Dhani Services Limited is the promoter of the company.
Infromerics credit rating agency has rated the debt instrument as IVR AA with a stable outlook that shows an adequate level of safety regarding timely servicing of financial obligations.
Last Updated on 2022-10-06T00:59:58+00:00
