dhfl ncdDewan  Housing Finance Corp. Ltd (DHFL) launched Public Issue of Secured redeemable non-convertible Debentures Base issue size of 2,000 crores with an option to retain over subscription upto the Shelf Limit 10,000 crores.  Issue open from 29 Aug 2016 and issue close on 12 Sep 2016.  (Early Close 30 Aug 2016)

 Product Note

Dewan  Housing Finance NCD Issue Tranche I Highlights

IssuerDewan Housing Finance Ltd (DHFL)
Type of InstrumentSecured Redeemable, NCD
Issue Open29 Aug. 2016
Issue Close12 Sep 2016 (with option of early closure or extension)
Issue Size2,000 Cr. with an option to retain oversubscription upto Shelf Limit - 10,000 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Annually
Mode of AllotmentD'mat as well as Physical Form
Rating CARE - AAA & BWR - AAA - Outlook Stable
ListingBSE / NSE
Application Money Interest (refunded)6.00%
Allotment Money InterestAs per Effective Yield
Security and Asset CoverThe proposed to be issued will be secured by first ranking pari passu charge on present and future receivable of Issuer for the Principal Amount and interest thereon. The NCDs will have an asset cover of 1.1 time on the principal amount and interest thereon.
Cheque in favor of DHFL NCD Escrow Account

Specific Term of Issue – Dewan Housing Finance NCD Issue  

SeriesIIIIII
Tenor3 Year5 Year7 Year
Base Coupon - Cat I, II9.05%9.05%9.05%
Base Coupon -Cat III, IV9.10%9.15%9.25%
Face Value100010001000
Interest PaymentAnnualAnnualAnnual
SecuritySecuredSecuredSecured
Maturity100010001000
 

For Dewan Housing Finance NCD IssueInvestment , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444

  

About Issue

About Company

Dewan Housing Finance Corporation Ltd (DHFL) is a deposit taking Housing Finance Company register with the NHB and focused  on providing financial products for the Low and Middle income (LMI) segment in India in Tier II and Tier III cities and towns. DHFL have been active in the housing finance sector in India since 1984. 

  • DHFL provides secured finance primarily to individuals, partnership firms and companies for the purpose, self-construction, improvement and extension of homes, new and resalable flats, commercial properties and land. It also provides certain categories of non-housing loans including loans for commercial property, medical equipment, and for plant and machinery.
  • DHFL has a robust marketing and distribution network, with a presence across 349 locations including 182 branches, 146 service centers, 18 circle/ cluster offices, 2 disbursment hubs and one collection center, throughout India

Application Detail 

Investor Category and Allotment (Dewan Housing Finance NCD Issue Tranche I)

Category I : Institutional Investor – Public finance institutions, scheduled Commercial bank, venture capital, Insurance companies, provident & pension fund etc.

Category II : Non-Institutional Investor – Statutory Bodies/Corporations,  Regional Rural Banks, Public/ Private / religious trusts which are authorised to invest in NCDs, Partnership Firms, LLPs & any other incorporated and/or unincorporated body of persons

Category III : High Networth Individuals – Resident Indian Investor or HUF through the Karta applying for an amount aggregating above 10 lakh across all series of NCDs in Issue.

Category IV : Retail Individuals Investors – Resident Indian Investor or HUF through the Karta applying for an amount aggregating up to and including 10 lakh across all series of NCDs in Issue.

Application can not be made by :

  1. Minors without guardian name (A guardian may apply behalf of a minor)
  2. Foreign nationals,  NRI inter-alia including any NRIs who are (i) based in the USA, and/or (ii) domiciled in USA, and/or (iii) resident/citizens of the USA and/or (iv) subject to any taxation laws of the USA;
  3. person resident outside India and other foreign entities;
  4. Person ineligible to contract under applicable statutory / regulatory requirement.

Allocation Ratio : Dewan Housing Finance NCD Issue Tranche I

Category I        – 20% of overall Issue Size

Category II       – 20% of overall Issue Size

Category III     – 30% of overall Issue Size  (HNI )

Category IV    – 30% of overall Issue Size   (Retail)

Subscription

Dewan Housing Finance Ltd  – Issue Subscription data  (29 Aug 2016 -5 PM data)

Category Issue Size Subscribe Unsubscribe No of Times
QIB 3000 Cr 6246.69 Cr —— 2.08
Corporates 1000 Cr 1194.11 Cr ——- 1.19
HNI 3000 Cr 3325.78 Cr ——- 1.11
Retail 3000 Cr 1879.02 Cr 1120.98 0.63
Total 10000 Cr 11400.85 Cr —- 1.26

Dewan Housing Finance Ltd  – Issue Subscription data

 

Listing

Dewan  Housing Finance NCD Issue  Allotment & Listing details :

 Registrar Karvy – Allotment Link

 

The address and contact details of the Company are as below:

  • Registered Office: Warden House, 2nd Floor, Sir P.M. Road, Fort, Mumbai – 400 001, Maharashtra        

Website: www.dhfl.com

Given below is the address and contact details of the Registrar and Share Transfer Agents:

 Karvy Computershare Private Limited

Karvy Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Gachibowli,   Hyderabad – 500 032

Tel: 040-6716 2222; Fax: 040-2343 1551 Email: einward.ris@karvy.com

Source : Shelf prospectus 

For Dewan Housing Finance NCD IssueInvestment , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 7719917444

https://i0.wp.com/www.puneinvest.com/wp-content/uploads/2015/01/dhfl.jpg?fit=183%2C65https://i1.wp.com/www.puneinvest.com/wp-content/uploads/2015/01/dhfl.jpg?resize=150%2C65RajendraNCDdewan housing ncd issue,dhfl ncd,ncd issueDewan  Housing Finance Corp. Ltd (DHFL) launched Public Issue of Secured redeemable non-convertible Debentures Base issue size of 2,000 crores with an option to retain over subscription upto the Shelf Limit 10,000 crores.  Issue open from 29 Aug 2016 and issue close on 12 Sep 2016.  (Early Close 30 Aug 2016)Investment you need