Piramal Capital NCD Bonds 2021 are Open on 12 July 2021 and to close on 23 July 2021. The Company will offer 9% interest rates on the NCD Bonds. And NCD tenure will be applicable for 26 months, 36 months, 60 months, and 120 months. The company will raise a fund of ₹200 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
The company is a wholly-owned subsidiary of Piramal Enterprises Limited (“PEL”) which is the flagship company of the Piramal Group. We are registered as a non-deposit-taking housing finance company with the National Housing Bank (NHB) and are engaged in various financial services businesses. Our Company provides wholesale funding opportunities to real estate developers, corporates, and SMEs across sectors and retail funding opportunities including housing finance to individual customers.
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Piramal Capital focuses on retail lending with a differentiated approach towards risk-optimized profitability. Under retail lending. The Company offers housing finance, LAP, secured business loans, digital purchase finance, and digital personal loans. We provide financing in the housing industry to existing homeowners and new home buyers. We also provide construction finance for residential and commercial projects and financing to large and mid-sized corporate clients. In real estate, the platform provides financing solutions such as structured debt, construction finance, and lease rental discounting to developers and housing finance to home buyers.
Piramal Capital NCD Review :
■ Apply Your Own Risk
Piramal Capital NCD Security Name :
■ Piramal Capital & Housing Finance Limited
Piramal Capital NCD Security Type :
■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Piramal Capital NCD Ratings
| Agency | Rating |
|---|---|
| CARE | AA |
| ICRA | AA, Outlook Negative |
Piramal Capital NCD Bonds Issue Details
| Issue Open | 12 July 2021 |
| Issue Close | 23 July 2021 |
| Issue Base Size | ₹200 Cr. |
| Issue Shelf Size | ₹800 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 9% Annual |
| Listing on | BSE & NSE Platform |
Piramal Capital NCD Market Lot
| Market Lot : | 10 NCD |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Piramal Capital NCD Bond Issue Tenure & Interest Rates
| SR | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Tenure | 26 Month | 26 Month | 36 Month | 60 Month | 120 Month |
| Nature | Secured | Secured | Secured | Secured | Secured |
| Interest | Annual | Cumulative | Annual | Annual | Annual |
| Coupon Rate | 8.35% | N/A | 8.50% | 8.75% | 9.00% |
| Effective Yield | 8.37% | 8.35% | 8.49% | 8.75% | 8.99% |
| Maturity | 1000 | 1190 | 1000 | 1000 | 1000 |
About Piramal Capital Company
Piramal Finance Limited (“PFL”), a wholly-owned subsidiary of PEL, was established as an NBFC with a focus on real estate funding. Over the years, we built a lending platform to serve the needs of corporates and individuals. Piramal Housing Finance Private Limited (“PHFL”) was incorporated on February 10, 2017, as a fully owned subsidiary of PFL, with the purpose of providing retail mortgage loans to home buyers. On March 31, 2018, our Company was formed by the reverse merger of PHFL with PFL and amalgamation of Piramal Capital Limited (which was a wholly-owned subsidiary of PEL). In terms of retail housing finance, we have been offering housing loans to individual retail customers and certain other retail lending products to our customers.
Apart from housing loans, under the retail platform, we have also started offering secured business loans and loans against property. In addition, we have been working towards entering into business partnerships with fintechs and other consumer-focussed entities of strategic significance to optimize our vision of digital lending. We have pivoted our business strategy from focussing on large ticket affluent home loans to the prime segment of affordable housing loans and mass affluent housing loans. Our retail housing portfolio has grown from ₹ 1,32,618 lakh in Fiscal 2018 (constituting 4% of our loan book) to ₹ 4,43,127 lakh as of Fiscal 2021 (constituting 13.7% of our loan book) in a short span of three years. As of March 31, 2021, we had 17 permanent branches located in various cities across India.
We have a ‘hub-and-spoke’ model, with physical branches serving as our hub locations and technology-led spoke locations. For further details, see “– Properties” on page 125. With a lending AUM of ₹ 32,35,356 lakh as of March 31, 2021, our Company has shown consistent growth in asset book and profitability over the years.
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As of March 31, 2021, our real estate lending, retail lending, and CFG contributed 77.5%, 13.7%, and 7.1% respectively of our lending book, while the rest of the book included ECL and another financing. Our Company has a CRAR of 34.89% (as per Indian GAAP) as of March 31, 2020, which is higher than the CAR % (Tier I and Tier II) of the leading players in the housing finance sector for FY 2020 (Source: CRISIL Report). Our Company has a CRAR of 32.30% as of March 31, 2021. Our CRAR (as per Indian GAAP) has increased from 29.92% in Fiscal 2019 to 34.89% in Fiscal 2020 to 32.30% in Fiscal 2021 and our debt to equity ratio reduced from 1.65 in Fiscal 2019 to 1.44 in Fiscal 2020 to 1.39 in Fiscal 2021 indicating a strengthening financial trend in our Company.
Company Promoters :
■ Mr. Ajay G. Piramal
Mr. Ajay G. Piramal Chairman
Piramal Capital Board of Directors
| Name | Designation |
| Mr. Ajay G. Piramal | Chairman |
| Dr. (Mrs.) Swati A. Piramal | Vice-Chairperson |
| Mr. Rajesh Laddha | Whole Time Director |
| Mr. N. Vaghul | Independent Director |
| Mr. Deepak Satwalekar | Independent Director |
| Mr. S. Ramadorai | Independent Director |
| Mr. Anand Piramal | Non-Executive Director |
| Ms. Nandini Piramal | Whole Time Director |
| Mr. Vijay Shah | Non-Executive Director |
| Mr. Gautam Banerjee | Independent Director |
| Mr. Kunal Bhal | Independent Director |
| Mr. Suhail Nathani | Independent Director |
| Ms. Anjali Bansal | Independent Director |
| Mr. Khushru Jijina | Whole Time Director |
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Piramal Capital IPO Lead Managers :
■ A.K. Capital Services Limited
■ Edelweiss Financial Services Ltd
■ JM Financial Consultants Private Limited
■ Trust Investment Advisors Private Limited
Piramal Capital NCD IPO Registrar :
Link Intime India Private Limited
Address: C-101, 247 Park, LBS Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: (91 22) 4918 6200
Fax: (91 22) 4918 6195
Email: [email protected]
Investor grievance email: [email protected]
Website: www.linkintime.co.in
Company Address :
Piramal Capital & Housing Finance Limited
4th Floor, Piramal Tower, Peninsula Corporate Park
Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400013
Phone: (91 22) 6230 9200
Email: [email protected]
Website: https://www.pchf.in
Piramal Capital NCD FAQs:
What is Piramal Capital NCD?
Piramal Capital NCD is Security Bond.
When Piramal Capital NCD will open?
The Piramal capital NCD is to open on 12 July 2021 – 23 July 2021.
What is the Piramal Capital NCD Size?
Piramal Capital NCD size is ₹200 Crores.
What is the issue Shelf size of Piramal Capital NCD?
The Fresh issue size of Piramal Capital NCD ₹800 Cr.
What is Piramal Capital NCD Price Band?
Piramal Capital NCD Price Band is ₹1000 Per NCD.
What is Piramal Capital NCD Minimum Lot Size?
The Piramal Capital NCD Minimum Lot Size 10.
What is Piramal Capital NCD Interest Rate?
The Piramal Capital NCD Interest Rate is 9% Annual.
What is the Piramal Capital NCD Allotment Date?
Piramal Capital NCD allotment date is Not Declare.
What is Piramal Capital NCD Listing Date?
Piramal Capital NCD listing date is Not Declare. The IPO to list on NSE, BSE.
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