Dewan 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)
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[wptabtitle] Product Note[/wptabtitle] [wptabcontent]
Dewan Housing Finance NCD Issue Tranche I Highlights
| Issuer | Dewan Housing Finance Ltd (DHFL) |
|---|---|
| Type of Instrument | Secured Redeemable, NCD |
| Issue Open | 29 Aug. 2016 |
| Issue Close | 12 Sep 2016 (with option of early closure or extension) |
| Issue Size | 2,000 Cr. with an option to retain oversubscription upto Shelf Limit - 10,000 Cr. |
| Face Value | Rs. 1,000 |
| Min. Application Size | 10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD) |
| Interest | Annually |
| Mode of Allotment | D'mat as well as Physical Form |
| Rating | CARE - AAA & BWR - AAA - Outlook Stable |
| Listing | BSE / NSE |
| Application Money Interest (refunded) | 6.00% |
| Allotment Money Interest | As per Effective Yield |
| Security and Asset Cover | The 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 Series I II III Tenor 3 Year 5 Year 7 Year Base Coupon - Cat I, II 9.05% 9.05% 9.05% Base Coupon -Cat III, IV 9.10% 9.15% 9.25% Face Value 1000 1000 1000 Interest Payment Annual Annual Annual Security Secured Secured Secured Maturity 1000 1000 1000
For Dewan Housing Finance NCD IssueInvestment , Kindly Write to us at
Call Rajendra 7719917444
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[wptabtitle] About Issue[/wptabtitle] [wptabcontent]
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
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[wptabtitle]Application Detail [/wptabtitle] [wptabcontent]
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 :
- Minors without guardian name (A guardian may apply behalf of a minor)
- 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;
- person resident outside India and other foreign entities;
- 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)
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[wptabtitle] Subscription[/wptabtitle] [wptabcontent]
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
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[wptabtitle] Listing[/wptabtitle]
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
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For Dewan Housing Finance NCD IssueInvestment , Kindly Write to us at
Call Rajendra 7719917444
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