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Dewan Housing Finance NCD (DHFL NCD) Details

Dewan Housing Finance NCD (DHFL NCD) Details - Apply IPO

As Dewan Housing Finance Corporation (DHFL) is launching its NCD once again this month itself. After the huge success of its NCD subscription in the first time the amount is much more than that.

The NCD issue of face value of Rs1,000 each with a base issue size of Rs2,000 crore and an option to retain oversubscription of up to Rs8,000 crore aggregating up to Rs10,000 crore opens on 29 August.

On April 11, 1984, Dewan Housing Finance Corporation (DHFL) was establish to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.

DHFL is the second housing finance Company to be established in the country. However, with a unique mission, which is today benchmark as a model of financial inclusion in the Indian financial services sector.

DHFL has an existing joint venture agreement with Prudential Financial, Inc. and holds 50% equity stake in DHFL Pramerica Life Insurance Company Private Limited (DPLI) , a registered life insurance company in India regulated by the IRDAI.

Objects of the Issue:

1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company;

2. General corporate purposes;

DHFL NCD details:

  1. Issue Open: Monday, August 29, 2016 –  Monday, September 12, 2016.
  2. Issue Type: 100% Book Built Issue (First Come First Serve).
  3. Face Value: Rs. 1000 Per NCD.
  4. Minimum Order Quantity: 10 NCDs and in multiple of 1 NCD thereon.
  5. Issue Size: Rs 10,000 Crore.
  6. Listing At: NSE, BSE.
CategoryPortionAllotment BasisSize (%)
QIBs  (I)Institutional“First Come First Serve” basis20% of the overall issue size
Corporates (II)Non-Institutional“First Come First Serve” basis20% of the overall issue size
Resident Individuals, HUFs,>10 Lacs (III)HNI“First Come First Serve” basis30% of the overall issue size
Resident Individuals, HUFs,<=10 Lacs (IV)Retail“First Come First Serve” basis30% of the overall issue size
Interest Rate:
For IndividualsFor Non Individuals
9.10% p.a. for 3 Years9.05% p.a. for 3 Years
9.15% p.a. for 5 Years9.05% p.a. for 5 Years
9.25 % p.a. for 10 Years9.05 % p.a. for 10 Years

Credit Rating:CARE AAA & BWR AAA which indicates stable issue & higher safety.

Draft Shelf Prospectus (DSP) of Dewan Housing Finance Corporation (DHFL) NCD :

Dewan Housing Finance Corporation (DHFL) NCD

Shelf Prospectus (SP) of Dewan Housing Finance Corporation (DHFL) NCD :

Dewan Housing Finance Corporation (DHFL) NCD

Tanche 1 Prospectus of Dewan Housing Finance Corporation (DHFL) NCD :

Dewan Housing Finance Corporation (DHFL) NCD

IIFL Holdings LtdSBI Capital Markets Ltd and Trust Investment Advisors Pvt Ltd will be the lead manager of the issue. While Catalyst Trusteeship Ltd will be theDebenture Trustee of the issue.

Karvy Computershare Pvt Ltd will be the registrar of the issue.

Market Update:

RBL Bank IPO is Bidding has already close today that is August 23, 2016. Now RBL Bank IPO Allotment and Listing will be in process.

Bidding for Shiva Granito Export Ltd IPOa BSE SME IPO is also going to start from August 23, 2016 to  August 29, 2016. While bidding for one more BSE SME IPO Mitsu Chem Plast Ltd IPO going to start from  August 26, 2016 to  August 31, 2016.

Bidding for another IPO Madhya Bharat Agro Products Ltd IPOa NSE SME IPO will start from August 29, 2016.

There are some good stocks in Pipeline this year including BSE itself coming with its own IPO. BSE will be selling its shares on index and traded on exchange.

Other some important IPO’s to looked upon are ICICI Prudential Life Insurance IPO and HDFC Standard Life IPO etc.

So Keep watching this blog to keep yourself updated with all the news.

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