[.]| Listing at BSE, NSE | Tue, Jul 15, 2025 - Mon, Jul 28, 2025
Sammaan Capital Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹2,000.00 Cr with a base issue size of ₹100.00 Cr and an option to retain oversubscription up to ₹100.00 Cr, aggregating to a tranch issue size of ₹200.00 Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Sammaan Capital Ltd. NCD issue opens on Jul 15, 2025 and closes on Jul 28, 2025. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from 8.65% per annum to 9.95% per annum, depending on the series and tenure selected.
The NCD have been rated: AA Stable by ICRA Limited and AA Stable by Crisil Ratings Limited.
Nuvama Wealth Management Ltd. is the Lead Manager to the issue, IDBI Trusteeship Services Ltd. is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Tranche Offer Document and Shelf Prospectus for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Tue, Jul 15, 2025
Close Date
Mon, Jul 28, 2025
Issue Size (Tranche)
₹200.00 Cr
Sammaan Capital Ltd. NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 | Series 13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Monthly | Annual | Monthly | Annual | Monthly |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 84 Months | 84 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 9.00% | 8.65% | NA | 9.25% | 8.88% | NA | 9.65% | 9.25% | 9.25% | 9.85% | 9.45% | 9.95% | 9.55% |
| Effective Yield (% per Annum) | 9.00% | 9.00% | 9.00% | 9.24% | 9.24% | 9.25% | 9.64% | 9.65% | 9.65% | 9.84% | 9.85% | 9.94% | 9.96% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,182.66 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,304.28 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
Sammaan Capital Ltd. NCD Rating given as following :
| S.No. | Rating Agency | NCD Rating | Outlook | Safety Degree | Risk Degree |
|---|---|---|---|---|---|
| 1 | Crisil Ratings Limited | AA | Stable | High degree of safety | Very low credit risk |
| 2 | ICRA Limited | AA | Stable | High degree of safety | Very low credit risk |
Sammaan Capital Ltd.'s revenue increased by 1% and profit after tax (PAT) dropped by 249% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 70,181.05 | 73,066.40 | 74,945.24 |
| Revenue | 8,683.25 | 8,624.77 | 8,725.79 |
| Profit After Tax | -1,807.46 | 1,214.39 | 1,129.69 |
| Net Worth | 21,621.02 | 19,539.29 | 17,091.73 |
| Amount in ₹ Crore | |||
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 30.00% | 2,00,000 |
| Non-Institutional | 10.00% | 2,00,000 |
| HNI | 30.00% | 3,00,000 |
| Retail | 30.00% | 3,00,000 |
| Total | 100.00% | 10,00,000 |
Established in 2005, Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, provides mortgage finance services. It is a non-deposit-taking housing finance company ("HFC") registered with the NHB.
Sammaan Capital Limited is one of India's largest housing finance companies and the flagship company of the Indiabulls Group. The company offers home loans and loans against property to (i) salaried, (ii) self-employed, (iii) micro, small and medium enterprises (MSMEs) and (iv) corporates. It also offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction loans for the construction of residential buildings.
As of June 30, 2025, the company had 218 branches across India. June 30, 2025, the company employed 1,279 people in direct sales on a consolidated basis.
The Company proposes to utilise the funds which are being raised through this Issue towards funding the following objects
[Dilip Davda] The company brings its 18th debt offer and is coming in a short span after its previous offer which was in the month of February 2025. Surprisingly, it posted losses for FY2025, that raise alarm. Considering its AA/Stable ratings from CRISIL and ICRA, well-informed investors looking for a steady income may park funds for medium to long-term Read detail review...
The Sammaan Capital NCD Tranche IV July 2025 was subscribed 2.15 times on Jul 28, 2025 18:00. The NCD subscribed 3.37 times in Retail, 2.88 times in HNI, 1.25 times in Non-Institutional, and 0.10 times in Institutional category.
Sammaan Capital Ltd.
5th Floor, Building No. 27,
KG Marg Connaught Place,
New Delhi, New Delhi, 110001
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Sammaan Capital Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
