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Dhani Loans and Services Limited is a non-deposit-taking systemically important NBFC registered with the RBI and a 100% subsidiary of Dhani Services Limited (formerly known as Indiabulls Ventures Limited). The company provides transaction finance to its customers through the Dhani App and also provide personal loans, secured and unsecured business loans to individual and corporates.
The company has three major product offerings:
Personal Loans - Dhani provides quick and hassle-free personal loans ranging from Rs 1000 to Rs 15 Lakhs. The loan process is completely online, and customers just need to provide their Pan Card and Address proof for availing of the loan. These loans come at a tenure ranging of 3 to 24 months.
Business Loans - Dhani provides easy business loans for small businesses. The funds can be used to invest in infrastructure, upgrade plant and machinery, expand operations, increase working capital or maintain inventory, etc. These loans can be up to Rs 40 lakhs and do not require any collateral/ guarantor. These loans come at a flexible repayment tenure of 12 to 48 months.
Secured Loans - The company provides mortgage loans, where customers can leverage the value of their residential/commercial property for loans. The company provides secured loans with maximum finance against the market value while clients can continue to occupy the property. Small and mid-sized businesses, partnership firms, self-employed professionals, and private or closely held companies are eligible for these secured loans.
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. As of September 30, 2021, the company has over 14,000 employees. The company aspires to serve 10 million customers by 2021 and 250 million customers by 2024.
| Issue Open | January 4, 2022 - January 27, 2022 |
| Security Name | Dhani Loans and Services Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 150.00 Crores |
| Issue Size (Shelf) | Rs 150.00 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 by Infomerics Valuation and Rating Private Limited |
| Tenor | 370 days, 24 and 36 Months |
| Series | Series I to Series VII |
| Payment Frequency | Monthly/Annual/Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 450,000 |
| Non-Institutional | 150,000 |
| HNI | 450,000 |
| Retail | 450,000 |
| Total NCD's | 1,500,000 |
| Series | I | **II | III | IV | V | VI | VII |
| Frequency of Interest Payment | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly |
| Minimum Application | Rs 10,000 (10 NCDs) across all Series | ||||||
| Face Value/ Issue Price of NCDs (Rs/ NCD) | Rs 1,000 | ||||||
| In Multiples of thereafter (Rs) | Rs 1,000 (1 NCD) | ||||||
| Type of Instrument | Secured NCDs | ||||||
| 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% |
| Mode of Interest Payment/Redemption | Through various modes available | ||||||
| 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. | |||||||
IVR AA/ Stable Outlook for an amount of ₹ 10,000 million 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.
Dhani Services Limited is the company promoter.
| 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 | ||
The company proposes to utilise the funds for the following objects:
1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the company; and
2. General corporate purposes.
The Dhani Loans and Services NCD January 2022 was subscribed 1.38 times on January 27, 2022 5:00:00 PM. The NCD subscribed 1.84 times in Retail, 0.92 times in HNI, 3.84 times in Non-Institutional, and 0.56 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 1.84x |
| HNI | 0.92x |
| Non-Institutional | 3.84x |
| Institutional | 0.56x |
| Total | 1.38x |
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Dhani Loans and Services Limited
M-62 & 63, First Floor,
Connaught Place,
New Delhi – 110 001
Phone: +91 11 3025 2900
Email: ncdsupport@dhani.com
Website: https://www.dhaniloansandservices.com/
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://kosmic.kfintech.com/ipostatus/
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