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

Jan 4, 2022 - Jan 27, 2022
Dhani Loans and Services Limited Logo

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
  • Business Loans
  • Secured Loans

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.

Dhani Loans and Services NCD January 2022 Detail

Issue Open Jan 4, 2022 - Jan 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

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 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.

NCD Rating

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.

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 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.

Dhani Loans and Services NCD January 2022 Prospectus

Dhani Loans and Services NCD January 2022 Subscription Status

The Dhani Loans and Services NCD January 2022 was subscribed 1.38 times on Jan 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)
Retail1.84x
HNI0.92x
Non-Institutional3.84x
Institutional0.56x
Total1.38x

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Dhani Loans and Services NCD January 2022 Rating

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Rating:Rated 2.7 stars
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Dhani Loans and Services NCD January 2022 Reviews

Company Contact Information

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/

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


7 Comments

7. Lalit Raj Jain     Link|Mar 5, 2022 1:07:45 PM
I got Rs.80/- interest in Sr.VII monthly interest payment but its coupon rate is 10.49% and it is only 9.60% why ????
6. Gaurang     Link|Jan 2, 2022 10:39:30 AM
How to apply NCD?
6.1. Vimal   I Like It. 1|  Link|Jan 3, 2022 1:02:46 PM
You can apply through broker or bank through ASBA option...
But this one looks risky...
6.2. The BuLLz EyE   I Like It. 1|  Link|Jan 21, 2022 6:37:30 PM
i apply through this link

https://www.edelweiss.in/new-issues/ncd-listing
5. The BuLLz EyE   I Like It. 1|  Link|Jan 21, 2022 5:14:39 PM
i have applied due to very attractive interest rates
4. Yasha     Link|Jan 17, 2022 7:38:52 PM
Hi,
I see that all the 3 financial aspects - Total Assets, Revenue and Profit has decreased from previous years. Is it a safe investment ?
3. NITINVERMA     Link|Jan 13, 2022 3:23:33 PM
Who are are corporate broker in madhya pradesh
2. suyash     Link|Dec 31, 2021 5:30:49 PM
Is it worth and safe to apply for this ncd? 1yr or 2 yrs for 1 lakh rs.
2.4. ValueFirst Investments     Link|Jan 5, 2022 4:29:15 PM
Yes you can apply in Small Amount as ROI and Tenure is good ! Backed by Indiabulls !
2.5. Ankur Goel     Link|Jan 5, 2022 8:41:39 PM
chor company. Stay away of it. Company who offers high coupon rate has history of going to bankruptcy.
1. Lakshman S   I Like It. 2|  Link|Jan 4, 2022 11:35:19 AM
Whether rate of interest is more for senior citizens?
1.1. Vimal     Link|Jan 4, 2022 1:51:45 PM
No..