[.]| Listing at BSE, NSE | Wed, Sep 27, 2023 - Thu, Oct 12, 2023
Aditya Birla Finance Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹1,000.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Aditya Birla Finance Ltd. NCD issue opens on Sep 27, 2023 and closes on Oct 12, 2023. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from 7.80% per annum to 8.10% per annum, depending on the series and tenure selected.
The NCD has been rated: .
Trust Investment Advisors Pvt.Ltd. is the Lead Manager to the issue, Vistra ITCL India Ltd. is the Debenture Trustee, and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Wed, Sep 27, 2023
Close Date
Thu, Oct 12, 2023
Issue Size (Overall)
[.]
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 |
| 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 |
Aditya Birla Capital is the company's promoter.
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 25.00% | 25,00,000 |
| Non-Institutional | 25.00% | 25,00,000 |
| HNI | 25.00% | 25,00,000 |
| Retail | 25.00% | 25,00,000 |
| Total | 100.00% | 1,00,00,000 |
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.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] This is the first NCD issue from the Aditya Birla group’s financial arm. It offers attractive coupon rates with an AAA rating from India Rating and ICRA. It has also posted growing financial performance. Investors looking for a steady regular income may consider parking funds for the medium to long term. Read detail review...
The Aditya Birla Finance NCD September 2023 was subscribed 2.46 times on Oct 03, 2023 18:00. The NCD subscribed 2.01 times in Retail, 2.41 times in HNI, 3.16 times in Non-Institutional, and 2.27 times in Institutional category.
Aditya Birla Finance Ltd.
Indian Rayon Compound,
Veraval, Gujarat – 362 266
Veraval, Gujarat, 362266
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Aditya Birla Finance Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
