Piramal Capital & Housing Finance NCD July 2021
- Piramal Capital & Housing Finance NCD July 2021
- About Piramal Capital & Housing Finance Limited
- Piramal Capital & Housing Finance Limited – Important Details
- Piramal Capital & Housing Finance NCD July 2021 Details
- Terms of the NCDs
- Objects of the Issue
- Piramal Capital & Housing Finance NCD July 2021 – Documents
- Piramal Capital & Housing Finance NCD July 2021 Lead Managers
- Piramal Capital & Housing Finance NCD July 2021 Registrar
- Piramal Capital & Housing Finance NCD July 2021 – FAQs
About Piramal Capital & Housing Finance Limited
The company is a wholly owned subsidiary of Piramal Enterprises Limited (“PEL”) which is the flagship company of the Piramal Group. The Company registered as a non-deposit taking housing finance company with the National Housing Bank (NHB) and are 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.
Piramal Capital & Housing Finance Limited – Important Details
| Date | Details |
|---|---|
| February 10, 2017 | Incorporated as Piramal Housing Finance Private Limited, a private limited company |
| September 28, 2017 | Converted to public limited company, the name was changed to Piramal Housing Finance Limited |
| June 12, 2018 | The name of the Company was changed to Piramal Capital & Housing Finance Limited, |
| December 1, 2017 | The company has obtained a certificate of registration, bearing registration number 12.0163.17 from the National Housing Bank (“NHB”) to carry on the business of a housing finance institution without accepting public deposits in accordance with Section 29A of National Housing Bank Act, 1987. |
| February 12, 2020 | The company obtained a fresh certificate of registration bearing registration number DOR-00163 from RBI to carry on the business of a housing finance institution without accepting public deposits. |
Piramal Capital & Housing Finance NCD July 2021 Details
| Description | NCD Details |
|---|---|
| NCD Issue Open | 12-Jul-21 |
| NCD Issue Close | 26-Jul-21 |
| Issue Size | The Company is proposing a Public Issue of secured, rated, listed, redeemable, non-convertible debt securities of face value of Rs 1,000 each (NCDs), for an amount of Rs 20,000 lakhs (Base Issue Size) with an option to retain oversubscription up to Rs 80,000 lakhs aggregating up to 1,00,00,000 NCDs amounting to Rs 1,00,000 lakhs (Tranche 1 Issue Limit) (Tranche 1 Issue) which is within the Shelf Limit of Rs 2,00,000 lakhs (Shelf Limit) |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 Bonds (Rs.10,000) |
| Series | I-V |
| Credit Rating | CARE AA (CWD) (Double A) (Under Credit Watch with Developing Implications) by CARE Ratings Limited [ICRA] AA (pronounced as ICRA double A) (Outlook: Negative) by ICRA Limited |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | PCHFRD |
| Listing At | NSE, BSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 |
| Tenor | 26 months | 26 months | 36 months | 60 months | 120 months |
| Frequency of Interest Payment | Annual | Cumulative | Annual | Annual | Annual |
| Coupon (% per annum) for NCD Holders in Category I & II | 8.10% | NA | 8.25% | 8.50% | 8.75% |
| Coupon (% per annum) for NCD Holders in Category III & IV | 8.35% | NA | 8.50% | 8.75% | 9.00% |
| Effective Yield (% per annum) for NCD Holders in Category I & II | 8.12% | 8.10% | 8.24% | 8.50% | 8.74% |
| Effective Yield (% per annum) for NCD Holders in Category III & IV | 8.37% | 8.35% | 8.49% | 8.75% | 8.99% |
| Amount (Rs / NCD) on Maturity for NCD Holders in Category I & II | ₹ 1,000 | ₹ 1,184.20 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 |
| Amount (Rs / NCD) on Maturity for NCD Holders in Category III & IV | ₹ 1,000 | ₹ 1,190.15 | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 |
Objects of the Issue
- For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company (At least 75%)
- General Corporate Purposes (Maximum of up to 25%)
Piramal Capital & Housing Finance NCD July 2021 – Documents
Piramal Capital & Housing Finance NCD July 2021 Lead Managers
- A.K. Capital Services Limited
- Edelweiss Financial Services Ltd
- JM Financial Consultants Private Limited
- Trust Investment Advisors Private Limited
Piramal Capital & Housing Finance NCD July 2021 Registrar
Piramal Capital & Housing Finance NCD July 2021 – FAQs
When is the Piramal Capital & Housing Finance NCD July 2021 issue open date ?
The Piramal Capital & Housing Finance NCD issue open date is on 12th July, 2021
When is the Piramal Capital & Housing Finance NCD July 2021 issue close date ?
The Piramal Capital & Housing Finance NCD issue close date is on 26th July, 2021
When is the price for one NCD for Piramal Capital & Housing Finance NCD July 2021 issue ?
The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply Piramal Capital & Housing Finance July 2021 issue?
Apply from your Demat account, if you don’t have the Demat Account, Click here to open the Demat Account.
You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
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