September 19, 2023
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Aditya Birla Finance NCD September 2023 Details
NCD Issue Opens on 27 September 2023
NCD Issue Closes on 12 October 2023
# NCD Guidance will given at the bottom of the post
About the Company:
The company is registered with the RBI as a non-deposit taking systemically important non-banking financial company (“NBFC-ND SI”). The Company was incorporated in 1991 and obtained a certificate of registration in 2011 to carry on the business of non banking financial institution without accepting public deposits under Section 45IA of the RBI Act, 1934. It has been categorized as an ‘Upper Layer’ NBFC under the scale based regulatory framework for NBFCs introduced by the RBI, with effect from September 30, 2022. It offers end-to-end lending, financing and wealth services to retail, HNI, ultra HNI, micro, small and medium enterprises (“MSME”), small and medium enterprises (“SME”) and corporate customers.
As of June 30, 2023, it had total loans outstanding of Rs 85,778.5 crore. It had 332 branches and 59,14,504 customers as of June 30, 2023.
The Company caters to the varied needs of diverse set of customers ranging across retail, HNI, ultra HNI, MSMEs, SME, corporate customers. The portfolio is well diversified across various sectors and products. The Company offers customized solutions in areas of personal and business loans, corporate finance, mortgages, personal loans, business loans, check-out financing, loan against property, term loans, working capital loans, loans against securities, project loans and wealth services.
The AUM of the Company stood at Rs 85,891.2 crore as on June 30, 2023. margin MSME and Retail lending. Loans to Retail, SME and HNI categories grew to ~67% of the portfolio in the Financial
Year ended 2023 through focused expansion in the such categories with a year-on-year growth of 57%.
Get more details about the company @ http://www.adityabirlafinance.com
NCD Promoter: Aditya Birla Capital
NCD Rating
The NCDs proposed to be issued pursuant to this Issue have been rated IND AAA Outlook Stable by India Ratings & Research Private Limited, and rated [ICRA]AAA (Stable) by ICRA Limited.
| Aditya Birla Finance NCD September 2023 Detail | |
| Issue Open | September 27, 2023 – October 12, 2023 |
| Security Name | Aditya Birla Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA |
| Tenor | 3, 5, 10 years |
| Series | Series I to VI |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vistra Itcl India Limited |
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| Institutional | 25% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 25% |
| Total | 100% |
| NCD’s Offered by Category | |
| Category | NCD’s Reserved |
| Institutional | 25,00,000 |
| Non-Institutional | 25,00,000 |
| Retail | 25,00,000 |
| Category 4 | 25,00,000 |
| Total NCD’s | 100,00,000 |
| Aditya Birla Finance Limited NCD Coupon Rates |
||||||
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 3 Years | 3 Years | 5 Years | 5 Years | 10 Years | 10 Years |
| Coupon (% per Annum) | 8.00% | NA | 8.05% | NA | 7.80% | 8.10% |
| Effective Yield (% per Annum) | 7.99% | 7.99% | 8.04% | 8.04% | 8.08% | 8.09% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,259.46 | Rs 1,000.00 | Rs 1,472.73 | Rs 1,000.00 | Rs 1,000.00 |
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Onward lending, financing, and repayment of interest and principal of existing borrowings of the company.
General corporate purposes.
.
| Company Financials | |||
| Aditya Birla Finance NCD September 2023 Financial Information (Restated) | |||
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 50,755.20 | 56,969.20 | 84,122.80 |
| Revenue | 5,528.00 | 5,796.90 | 8,267.70 |
| Profit After Tax | 768.8 | 1,108.30 | 1,553.80 |
| Net Worth | 8,965.90 | 9,968.90 | 11,530.70 |
| Reserves and Surplus | |||
| Total Borrowing | |||
| Amount in Rs Crore | |||
Address of the Company
Aditya Birla Finance Limited
Indian Rayon Compound,
Veraval, Gujarat – 362 266
Phone: 022 4356 7100
Email: [email protected]
NCD Lead Managers
Trust Investment Advisors Pvt Ltd
A.K. Capital Services Ltd
Jm Financial Ltd
Nuvama Wealth Management Ltd
NCD Registrar
Link Intime India Private Ltd
Aditya Birla Finance NCD September 2023
Red Herring Prospectus
Analysis & Guidance:
Very strong company, excellent balance sheet, far sighted management and also attractive rates of coupon rates. Apply without any hesitation.
| Aditya Birla Finance NCD September 2023 | |
| Subscription Status | |
| On 6.10.2023 | @ 5.00 pm |
| Category | Subscription |
| Institutional | 2.01 T |
| Non-Institutional | 3.16 T |
| HNI | 2.41 T |
| Retail | 2.01 T |
| Total | 2.46 T |
What will be the rate of interest on current NCD being issued?
Will update by today after noon