10.75% Sammaan Capital Ltd NCD Open for Subscription

About Sammaan Capital

Sammaan Capital Limited ('SCL') formerly known as Indiabulls Housing Finance Limited (IBHFL) is mortgage-focused non-banking financial company (NBFC). The company is regulated by the Reserve Bank of India (RBI), and is 'AA' rated by leading rating agencies CRISIL and ICRA. The company has a balance sheet size of ₹ 0.73 trillion as on 31 March, 2024 and serviced more than 1.5 million happy customers. The company has strong nationwide presence of over 200 branches which offers quick, convenient and competitively priced home loans in the affordable housing segment. Additionally, the company also offers loans to MSMEs/small business for working capital.

Key Features of the NCDs:

• High Interest Rates: Investors can earn attractive returns of up to 10.75% per annum on their investments.
• Secured Redemption: The NCDs are secured by the assets of Sammaan Capital, reducing the risk of default.
• Flexible Tenures: Investors can choose from various tenures to suit their investment horizon, ranging from 24 months to 120 months.
• Regular Interest Payouts: Interest is paid either monthly, annually, or cummulative, providing a steady income stream.

Title	Details
Issue opens	Friday, September 06, 2024
Issue closes	Thursday, September 19, 2024
Allotment	First Come First Serve Basis
Face Value	₹ 1,000 per NCD
Issue Price	₹ 1,000 per NCD
Nature of Instrument	Secured Redeemable Non-Convertible Debentures
Minimum Application	10 NCDs (Rs.10, 000) & in multiple of 1 NCD thereafter
Tenure	24, 36, 60, 84, and 120 Months
Interest Payment frequency	Monthly, Annually, and Cummulative
Listing	BSE & NSE
Lead Manager To The Issue	Nuvama Wealth Management Limited, Elara Capital (India) Private Limited and Trust Investment Advisors Private Limited
Deemed date of Allotment	As per notification
Rating	CRISIL AA/Stable , [ICRA] AA (Stable)

See the tables below for effective yields for various terms:

Monthly Interest Payment Frequency

Tenure	24	36	60	84	120
Coupon	9.25%	9.48%	9.71%	10.03%	10.25%
Effective Yield	9.65%	9.90%	10.15%	10.48%	10.75%

Yearly Interest Payment Frequency

Tenure	24	36	60	84	120
Coupon	9.65%	9.90%	10.15%	10.50%	10.75%
Effective Yield	9.65%	9.90%	10.15%	10.50%	10.75%

Cumulative Payment

Tenure	24	36
Effective Yield	9.65%	9.90%

Cumulative payment is a feature often seen in Non-Convertible Debentures (NCDs) where the interest earned on the bond is not paid out periodically but rather accumulates over time. This accumulated interest is then paid out along with the principal amount at the maturity of the bond.

Staggered Redemption

This NCD has a staggered redemption feature for investment of 60, 84, and 120 months. In Staggered Redemption, the principal amount of the bond is repaid in multiple installments over a specified period, rather than in a single lump sum at maturity. This is in contrast to a bullet redemption, where the entire principal is repaid at maturity.

Staggered Redemption for 60 months (5 years) NCD

Starting from the third year of your investment, one-third of your original investment will be returned to you. This means for every ₹1,000 you invested, you'll receive ₹333 each year beginning in the third year till 5th year.

Staggered Redemption for 84 months (7 years) NCD

Starting from the third year of your investment, one-fifth of your original investment will be returned to you. This means for every ₹1,000 you invested, you'll receive ₹200 each year beginning in the third year until maturity.

Staggered Redemption for 120 months (10 years) NCD

Starting from the third year of your investment, one-eigths of your original investment will be returned to you. This means for every ₹1,000 you invested, you'll receive ₹125 each year beginning in the third year until maturity.

Should You Invest in These NCDs?

While the high interest rates offered by Sammaan Capital NCDs are tempting, it's important to consider the risks involved before making an investment decision. These NCDs are subject to market risk, and the value of your investment may fluctuate. Additionally, the creditworthiness of the issuer should be carefully evaluated.

If you're looking for a relatively safe investment option with the potential for higher returns than traditional fixed deposits, Sammaan Capital NCDs could be worth considering. However, it's advisable to consult with a financial advisor before making any investment decisions.

For more information and to invest in these NCDs, please contact us.

Investors should conduct their own research and consult with a financial advisor before making any investment decisions