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Incorporated in April 1947, is a business corporation comprising of small subsidiaries, typically operating in different industries with diverse interests in pharma, financial services and real estate. Piramal Group has established offices in more than 30 countries and has a global presence in 100 plus countries. Company employes more than 10,000 employees with different nationalities.
Piramal Enterpise Limited is NBFC with more than 400 branches across the different states of India. The company offers financial solutions for retail and wholesale lending.
The company provides funding opportunities for individuals and MSMEs, including housing finance, loans against property, secured MSME loans, and unsecured loans such as microfinance loans.
As of June 30, 2023, the company has a total of 424 traditional branches, including 136 microfinance branches across 25 states and union territories across India.
| Issue Open | October 19, 2023 - October 30, 2023 |
| Security Name | Piramal Enterprises Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs 3,000.00 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 | [ICRA]AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited |
| Tenor | 2 , 3, 5 and 10 years |
| Series | Series I to IV |
| Payment Frequency | Anually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Idbi Trusteeship Services Ltd. |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 20% |
| Non-Institutional | 20% |
| HNI | 30% |
| Retail | 30% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 400,000 |
| Non-Institutional | 400,000 |
| HNI | 600,000 |
| Retail | 600,000 |
| Total NCD's | 2,000,000 |
Piramal Enterprises Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 |
|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Annual | Annual | Annual |
| Nature | Secured | Secured | Secured | Secured |
| Tenor | 2 Years | 3 Years | 5 Years | 10 Years |
| Coupon (% per Annum) | 9.00% | 9.05% | 9.20% | 9.35% |
| Effective Yield (% per Annum) | 9.00% | 9.05% | 9.19% | 9.34% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
The company has received a rating of [ICRA]AA (Stable) by ICRA Limited and CARE AA (Stable) by CARE Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.
The company Promoter is Ajay G. Piramal.
| Period Ended | 30 Mar 2023 | 31 Mar 2022 |
| Assets | 74,436.54 | 84,300.28 |
| Revenue | 9,086.74 | 7,910.89 |
| Profit After Tax | 9,968.58 | 1,998.77 |
| Net Worth | 31,059.00 | 30,120.00 |
| Reserves and Surplus | ||
| Total Borrowing | ||
| Amount in ₹ Crore | ||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The Piramal Enterprises NCD Tranche I October 2023 was subscribed 2.75 times on October 30, 2023 5:30:00 PM. The NCD subscribed 4.47 times in Retail, 2.49 times in HNI, 3.32 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 4.47x |
| HNI | 2.49x |
| Non-Institutional | 3.32x |
| Institutional | 0.00x |
| Total | 2.75x |
11 2.9 Rating:  Vote Here ... |
Piramal Enterprises Limited
Piramal Ananta, Agastya Corporate Park
Opposite Fire Brigade, Kamani Junction, LBS Marg,
Kurla (West), Mumbai 400 070, Maharashtra
Phone: 022 3802 3805
Email: treasury.pchfl@piramal.com
Website: http://www.piramal.com/
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: pel.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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but I don't know what to do next will it appear on my zerodha
I have applied with India bonds