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Piramal Capital & Housing Finance Limited NCD (Piramal Capital NCD July 2021) Detail

Jul 12, 2021 - Jul 19, 2021
Piramal Capital & Housing Finance Limited Logo

Incorporated in 2017, Piramal Capital & Housing Finance Limited is a wholly-owned subsidiary of Piramal Enterprises Limited and part of Ajay Piramal and Family group. Piramal Capital is a non-deposit-taking housing finance company and is engaged in various financial services businesses. The company provides both wholesale funding opportunities to real estate developers, corporates, and SMEs across sectors and retail funding opportunities including housing finance to individual customers.

Under retail lending company offer housing finance, LAP, secured business loans, digital purchase finance, and digital personal loans. As of the year 2020, Piramal Capital had 19 branches located in various cities across India.

Piramal Capital NCD July 2021 Detail

Issue Open Jul 12, 2021 - Jul 19, 2021
Security Name Piramal Capital & Housing Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 800.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 10 NCD
Listing At BSE, NSE
Credit Rating CARE AA, ICRA AA with outlook (Negative)
Tenor 26, 36, 60 and 120 months
Series
Payment Frequency
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 0%
Non-Institutional 0%
HNI 0%
Retail 0%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 200,000
Non-Institutional 200,000
HNI 800,000
Retail 800,000
Total NCD's 2,000,000

Coupon Rates (Retail & HNI)

  Series 1 Series 2 Series 3 Series 4 Series 5
Frequency of Interest Payment Annual Cumulative Annual Annual Annual
Nature Secured Secured Secured Secured Secured
Tenor 26 months 26 months 36 months 60 months 60 months
Coupon Rate 8.35% NA 8.50% 8.75% 9.00%
Effective Yield (% per Annum) 8.37% 8.35% 8.49% 8.75% 8.99%
Amount on Maturity Rs 1000 Rs 1190.15 Rs 1000 Rs 1000 Rs 1000

NCD Rating

  • CARE AA (Under Credit Watch with Developing Implications)
  • ICRA AA with outlook (Negative)

Company Promoters

Piramal Enterprises Limited

Objects of the Issue

The following table details the objects of the Issue and the amount proposed to be financed from the Net Proceeds:

  1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings (At least 75%)
  2. General Corporate Purposes (Maximum of up to 25%)

Piramal Capital NCD July 2021 Prospectus

Piramal Capital NCD July 2021 Rating

55
3.4
Rating:Rated 3.4 stars
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Piramal Capital NCD July 2021 Reviews

Company Contact Information

Piramal Capital & Housing Finance Limited
4th Floor, Piramal Tower, Peninsula Corporate Park
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400013

Phone: (91 22) 6230 9200
Email: investorrelations.pchfl@piramal.com
Website: https://www.pchf.in

Piramal Capital NCD July 2021 Registrar

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: piramal.ncd@linkintime.co.in
Website: https://linkintime.co.in/


7 Comments

7. Jaspreet Singh Oberoi  Jul 24, 2021 7:48:58 PM
Allotment details out. Check on linkintime or you would have got an email from them.
6. M KOTI KIRAN  Jul 13, 2021 8:59:27 PM
canara bank ASBA does not show Piramal NCD, strange!!
6.1. SAN  Jul 16, 2021 8:25:59 PM
Thanks
5. M KOTI KIRAN  Jul 13, 2021 9:00:30 PM
canara bank ASBA does not show Piramal NCD,
5.1. Bright Star  Jul 15, 2021 3:08:59 PM
You can apply through UPI directly
4. SAN  Jul 14, 2021 4:06:09 PM
It would be great if anyone can write the detail of which category is better to apply? and why? Also look at the tax prospective. Thanks in advance
4.1. Bright Star  Jul 15, 2021 3:07:38 PM
You can apply for 120 months option as it has highest coupon 9%. You will get fixed income for 10 years to come.
3. dabster  Jul 13, 2021 10:18:22 AM
Looks SBI is still not showing up in ASBA list and the company website is down - atleast this morning when I tried - pchf in.
3.1. Vimal Garodia  Jul 13, 2021 7:21:56 PM
Piramal NCD showing in SBI now and working!!
2. Arca  Jul 12, 2021 7:42:51 AM
Guys does anyone know how to check status of bonds which made default or secondary market bonds
I want to know status of srei equipment ncd status? Whether they are repaying interest or principal . If yes when are they doing, no information is there in any forum. Tried calling customer care also they are simply cutting the call after picking
2.2. Akash, Bombay  Jul 12, 2021 1:03:45 PM
You can check the status on trustee website. Trustee for Srei are catalyst and Axis.
Catalyst puts out periodical updates at:
https://www.catalysttrustee.com/press-release/recent-updates/

As such Srei has come up with a scheme for debt resolution and got a mortarium on payment from NCLT till scheme is worked out. Once final scheme is accepted, payment should start again hopefully.
2.3. Arca  Jul 12, 2021 10:42:11 PM
Thank you both of you especially Akash it was very useful.
1. Vimal Garodia  Jul 12, 2021 8:08:03 PM
SBI ASBA does not show Piramal NCD, strange!!