Investors! Now you can earn up to 9% interest by investing in NCD of Piramal Capital & Housing finance ltd (Tranche I). The NCD of Piramal Enterprises will be live for subscription From the 12th of July and will close on the 23rd of July. (May close early depending upon the subscription) The size of the issue is 1000 crore. (Piramal NCDs announces early closure on 19th July- Monday)
Piramal Capital and housing finance NCD is rated CARE AA (CWD)' by CARE and '[ICRA] AA/Negative' by ICRA with the face value of Rs. 1000/-. To know more about the company scroll down. Click here to subscribe to the NCD of Piramal Enterprise.
|Issue Opens on||12th July 2021|
|Issue Closes on||23rd July 2021|
|Issue Size||1000 crore|
|Rating||CARE AA (CWD)' by CARE and '[ICRA] AA/Negative' by ICRA|
|Face Value||Rs. 1000/-|
|Minimum Application||Rs. 10,000/- & In Multiples of Rs.1000 thereafter|
|Tenure||26 Months,36 Months,60 Months, 120 Months|
|Interest payment Frequencies||Annual in all 4 tenures, Cumulative - 26 months only.|
|Listing||Proposed to be listed on BSE & NSE|
|Issuance and trading mode||Dematerialized form only|
|26 Months (Annual)||8.10%|
|26 Months (Cumulative)||Rs. 1184.20 per bond on maturity|
|36 Months (Annual)||8.25%|
|60 Months (Annual)||8.50%|
|120 Months (Annual)||8.75%|
|26 Months (Annual)||8.35%|
|26 Months (Cumulative) -||Rs. 1190.15 per bond on maturity|
|36 Months (Annual)||8.50%|
|60 Months (Annual)||8.75%|
|120 Months (Annual)||9.00%|
Piramal Capital & Housing Finance Limited (PCHFL) is a wholly-owned subsidiary of Piramal Enterprises Limited (“PEL”) which is the flagship company of the Piramal Group.
PCHFL is registered as a non-deposit-taking housing finance company with the National Housing Bank (NHB) and is engaged in various financial services businesses. PCHFL provides wholesale funding opportunities to real estate developers, corporates, and SMEs across sectors and retail funding opportunities including housing finance to individual customers.
Under retail lending, PCHFL offers housing finance, LAP, secured business loans, digital purchase finance, and digital personal loans. PCHFL provides financing in the housing industry to existing homeowners and new home buyers. PCHFL also provides 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.
The wholesale business in the non-real estate sector includes separate verticals for the corporate finance group (“CFG”) and emerging corporate lending (“ECL”). CFG provides customized funding solutions to companies across sectors such as infrastructure, renewable energy, industrials, and auto components, while ECL focuses on providing lending services to Small and Medium Enterprises (“SME(s)”).
PCHFL’s retail housing portfolio has grown from Rs 1,326.18 crore in Fiscal 2018 (constituting 4% of its loan book) to Rs 4,431.27 crore as of Fiscal 2021 (constituting 13.7% of its loan book) in a short span of three years.
As of March 31, 2021, PCHFL had 17 permanent branches located in various cities across India. With a lending AUM of Rs 32,353.56 crore as of March 31, 2021, the Company has shown consistent growth in asset book and profitability over the years. As of March 31, 2021, PCHFL’s real estate lending, retail lending, and CFG contributed 77.6%, 13.7%, and 7.1% respectively of its lending book, while the rest of the book included ECL and another financing.
PCHFL’s 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 its 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 the Company.
Source: Shelf Prospectus.
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