IPO Details |
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|---|---|---|---|---|---|---|---|---|---|---|---|
Issue Size |
Rs 200 crore (Base issue size) with an option to retain oversubscription upto Rs 800 crore aggregating upto Rs 1000 crore |
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Face Value |
Rs 1000 |
Download
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Minimum no of Bonds |
10 |
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Lot Size (Multiplier) |
1 |
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Nature of Instrument |
Secured, Redeemable, Listed Non-Convertible Debenture |
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Listing |
To be listed on BSE and NSE |
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Exchange Bid Timing( 24 hour format) |
10:00 to 18:00 |
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IPO Details |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Issue Size |
Rs 200 crore (Base issue size) with an option to retain oversubscription upto Rs 800 crore aggregating upto Rs 1000 crore |
||||||||||
Face Value |
Rs 1000 |
||||||||||
Minimum no of Bonds |
10 |
||||||||||
Lot Size (Multiplier) |
1 |
||||||||||
Nature of Instrument |
Secured ,Redeemable , Listed Non-Convertible Debenture |
||||||||||
Listing |
To be listed on BSE and NSE |
||||||||||
Exchange Bid Timing( 24 hour format) |
10:00 to 18:00 |
||||||||||
Coupon Rate for Different type of Investor |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Tenor |
26 Months |
26 Months |
36 Months |
60 Months |
120 Months |
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Type of NCD |
Secured |
Secured |
Secured |
Secured |
Secured |
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Frequent of Interest Payment |
Annual |
Cumulative |
Annual |
Annual |
Annual |
||||||
Series |
I |
II |
III |
IV |
V |
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Coupon (% per annum) for Category 1 & II |
8.10% |
NA |
8.25% |
8.50% |
8.75% |
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Coupon (% per annum) for Category Ill & IV |
8.35% |
NA |
8.50% |
8.75% |
9.00% |
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Effective Yield (% per annum) for Category | & II |
8.12% |
8.10% |
8.24% |
8.50% |
8.74% |
||||||
Effective Yield (% per annum) for Category Ill & IV |
8.37% |
8.35% |
8.49% |
8.75% |
8.99% |
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BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
We ditch the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Piramal Capital IPO on BondsIndia’s website.
Application process on BondsIndia platform is simple and seamless.
The company draws strength from the parent company, given its technical knowledge in the real estate private equity investor activity, development space and advisory services. Due to the long-standing experience of the parent company, PCHF leverages the large network of developers with relationships built over a period of time.
The parent company has been regularly supporting the PCHF by capital infusion. In the financial year 2020, Piramal has raised Rs 14500 crores of equity funds through a mix of avenues like dis-investments of investments and non-core business, preferential share issue, out of which Rs 3700 crores have been infused in PCHF.
The experienced management team has helped scale up the business. The team consists of seasoned industry professionals with prior experience in retail lending.
The company loan book is skewed towards the risky real estate sector with a declining trend. Though the company has been diversifying its loan book over the past three years through its foray into new segments like housing finance and emerging corporate lending (ECL), the progress has been slower than expected due to the ongoing global pandemic
While a sizeable quantum of funds has been raised (Rs 13500 in FY20), the cost of funds has increased since the September 2018 crisis. The company ability to raise long term funding at adequate rate would remain critical
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