Dhani Loans and Services Limited NCD (Dhani Loans and Services NCD April 2022) Detail

Apr 19, 2022 - May 10, 2022
Dhani Loans and Services Limited Logo

Incoprorated in 1995, Dhani Loans and Services Limited offers digital healthcare and finance products and services through Dhani App. The company also offers personal loans and secured and unsecured business loans to individuals and corporates. Dhani Loans and Services Limited is a 100% subsidiary of Dhani Services Limited. Indiabulls Consumer Finance Limited was the previous name of Dhani Loans and Services Limited.

As of December 31, 2021, The company had approximately 2.42 million subscribers to the Dhani OneFreedom Card in over 700 cities and towns across India.

Dhani Loans and Services NCD April 2022 Detail

Issue Open Apr 19, 2022 - May 10, 2022
Security Name Dhani Loans and Services Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 100.00 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 IVR AA/ Stable Outlook
Tenor 370 days, 24 months and 36 months
Series Series I to VII
Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 30%
Non-Institutional 10%
HNI 30%
Retail 30%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 300,000
Non-Institutional 100,000
HNI 300,000
Retail 300,000
Total NCD's 1,000,000

Coupon Rates for Each Series

Nature Secured NCDs
Tenure 370 Days 24 months 24 Months 24 months 36 months 36 months 36 months
Frequency of Interest Payment Cumulative Annual Cumulative Monthly Annual Cumulative Monthly
Coupon (% per annum) for NCD Holders NA 10.50% NA 10.03% 11.00% NA 10.49%
Effective Yield for NCD Holders 10.00% 10.49% 10.50% 10.50% 10.99% 11.00% 11.00%
Amount (Rs./ NCD) on maturity 1,101.44 1,000.00 1,221.36 1,000.00 1,000.00 1,368.05 1,000.00

NCD Rating

The NCD worth Rs. 10000 million has been rated as IVR AA/ Stable Outlook by Infomerics Valuation and Rating Private Limited. The instrument with such a rating is expected to have a Stable Outlook.

Company Promoters

Dhani Services Limited is the company promoter.

Company Financials

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 83,107.57 97,281.77 138,007.40
Total Revenue 11,766.94 26,836.81 17,752.29
Profit After Tax -1,158.26 -374.27 3,845.16

Objects of the Issue

The Net Proceeds raised through this Issue will be utilised for the following activities:

  1. For the purpose of onward lending, financing, and/or for repayment of interest and principal of existing borrowings of the Company.
  2. General corporate purposes.

Dhani Loans and Services NCD April 2022 Prospectus

Dhani Loans and Services NCD April 2022 Subscription Status

The Dhani Loans and Services NCD April 2022 was subscribed 1.04 times on May 10, 2022 5:00:00 PM. The NCD subscribed 1.40 times in Retail, 0.35 times in HNI, 5.13 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)

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Dhani Loans and Services NCD April 2022 Rating

Rating:Rated 3.4 stars
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Dhani Loans and Services NCD April 2022 Reviews

Company Contact Information

Dhani Loans and Services Limited
M-62 & 63,
First Floor, Connaught Place
New Delhi – 110 001,

Phone: +91 11 4353 2950
Email: ncdsupport@dhani.com
Website: http://www.dhaniloansandservices.com/

Dhani Loans and Services NCD April 2022 Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: dhaniloans.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/

Dhani Loans and Services NCD April 2022 Lead Manager(s)


3. S Ganesh     Link|Apr 26, 2022 1:05:08 PM
is demat account compulsory to buy NCD's?
3.2. Shanm     Link|May 8, 2022 12:57:46 AM
Can NRI apply the NCD with demat a/c?
3.3. shaily     Link|May 9, 2022 12:35:05 AM
Foreign companies and individuals can subscribe to listed or unlisted NCDs as Category II FPIs.
Also, NRIs can invest in NCDs on a repatriation and non-repatriation basis. Persons of Indian origin and NRIs can make NCD Investment in companies offering the same if the rules of the issuing company allow them. In India, rarely a company allows an NRI to invest in a public issue NCD
2. Aditya     Link|Apr 22, 2022 7:29:14 PM
NCD Secured against which Assets?
1. Kalpesh Modi     Link|Apr 16, 2022 7:05:11 AM
To apply u can contact me on 800 and 303 ; 4four four 4