Sammaan Capital Launches ₹300 Crore NCD Issue to Fuel Growth

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has announced a public issue of secured, redeemable, non-convertible debentures (NCDs) to raise up to ₹300 crore. The base issue size is ₹100 crore with an option to retain oversubscription up to ₹200 crore. The NCDs, with a face value of ₹1,000 each, will be offered across various tenures ranging from 24 to 120 months, with coupon rates between 8.88% and 10.75% per annum. Rated AA/Stable by CRISIL and ICRA, the issue opens on February 21, 2025. This move aims to strengthen Sammaan Capital's financial position and support its growth initiatives in the competitive housing finance sector.

 

Sources: BSE filing, Sammaan Capital Limited Prospectus