Aditya Birla Finance NCD September 2023 Detailsaditya birla finance ncd

    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 @

    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
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    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

    Aditya Birla Finance NCD September 2023

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