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Incorporated in 1991, Aditya Birla Finance Limited, a subsidiary of Aditya Birla Capital Limited is a non-deposit-taking systemically important non-banking financial company (NBFC-NDSI) registered with the RBI.
The company offers lending, financing, and wealth services to retail, HNI, ultra HNI, micro, small and medium enterprises (MSME), small and medium enterprises (SME), and corporate customers. The company is categorized as an 'Upper Layer' NBFC under the scale-based regulatory framework for NBFCs introduced by the RBI, with effect from September 30, 2022.
Aditya Birla Finance's product list can be categorized into four categories:
The AUM of the Company stood at ₹85,891.2 crore as of June 30, 2023, with over 59,14,504 customers.
| Issue Open | September 27, 2023 - October 12, 2023 |
| Security Name | Aditya Birla Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| 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 |
| Credit Rating | IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA |
| Tenor | 3, 5, 10 years |
| Series | Series I to VI |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vistra Itcl India Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 25% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 25% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 2,500,000 |
| Non-Institutional | 2,500,000 |
| HNI | 2,500,000 |
| Retail | 2,500,000 |
| Total NCD's | 10,000,000 |
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 |
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.
Aditya Birla Capital is the company's promoter.
| 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:
The Aditya Birla Finance NCD September 2023 was subscribed 2.46 times on October 3, 2023 6:00:00 PM. The NCD subscribed 2.01 times in Retail, 2.41 times in HNI, 3.16 times in Non-Institutional, and 2.27 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.01x |
| HNI | 2.41x |
| Non-Institutional | 3.16x |
| Institutional | 2.27x |
| Total | 2.46x |
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Aditya Birla Finance Limited
Indian Rayon Compound,
Veraval, Gujarat – 362 266
Phone: 022 4356 7100
Email: abfl.dm@adityabirlacapital.com
Website: http://www.adityabirlafinance.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: abfl.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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