Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) has allotted 11,500 secured, rated, listed, redeemable, non-convertible debentures (NCDs) on January 16, 2026. The face value is INR 1,00,000 each, totaling INR 115,00,00,000. The NCDs, with ISIN INE148I07YJ0, have a tenure of 10 years and offer a fixed coupon rate of 9.05% p.a.
NCD Allotment Details
On January 16, 2026, Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) successfully allotted 11,500 secured, rated, listed, redeemable, non-convertible debentures (NCDs) through private placement. The total value of the issuance is INR 115 Crore.
Key Features of the NCDs
The NCDs have the following characteristics:
- ISIN: INE148I07YJ0
- Security Name: 9.05% Sammaan Capital Ltd January 2036
- Type: Secured, Rated, Listed, Taxable, Redeemable, Fully Paid-up Non-Convertible Debentures
- Tenor: 10 Years
- Date of Maturity: January 16, 2036
- Coupon Rate: 9.05% p.a. Fixed Rate
Security and Asset Cover
The NCDs are secured by a charge via hypothecation on the company’s financial and non-financial assets and loan assets, with a minimum asset/security cover of 1.1 times the principal amount and interest. The coupon will be paid semi-annually.
Illustrative Cash Flows (per Debenture of ₹ 1,00,000)
The following table outlines the projected cash flows for each debenture:
| Cash flow | Due Date | Payment date | No of Days | Amount per NCD |
|---|---|---|---|---|
| Principal | 16 January 2026 | 16 January 2026 | -100000.00 | |
| 1st Coupon | 16 July 2026 | 16 July 2026 | 181 | 4487.8082 |
| 2nd Coupon | 16 January 2027 | 18 January 2027 | 184 | 4562.1918 |
| 3rd Coupon | 16 July 2027 | 16 July 2027 | 181 | 4487.8082 |
| 4th Coupon | 16 January 2028 | 17 January 2028 | 184 | 4549.7268 |
| 5th Coupon | 16 July 2028 | 17 July 2028 | 182 | 4500.2732 |
| 6th Coupon | 16 January 2029 | 16 January 2029 | 184 | 4562.1918 |
| 7th Coupon | 16 July 2029 | 16 July 2029 | 181 | 4487.8082 |
| 8th Coupon | 16 January 2030 | 16 January 2030 | 184 | 4562.1918 |
| 9th Coupon | 16 July 2030 | 16 July 2030 | 181 | 4487.8082 |
| 10th Coupon | 16 January 2031 | 16 January 2031 | 184 | 4562.1918 |
| 11th Coupon | 16 July 2031 | 16 July 2031 | 181 | 4487.8082 |
| 12th Coupon | 16 January 2032 | 16 January 2032 | 184 | 4549.7268 |
| 13th Coupon | 16 July 2032 | 16 July 2032 | 182 | 4500.2732 |
| 14th Coupon | 16 January 2033 | 17 January 2033 | 184 | 4562.1918 |
| 15th Coupon | 16 July 2033 | 18 July 2033 | 181 | 4487.8082 |
| 16th Coupon | 16 January 2034 | 16 January 2034 | 184 | 4562.1918 |
| 17th Coupon | 16 July 2034 | 17 July 2034 | 181 | 4487.8082 |
| 18th Coupon | 16 January 2035 | 16 January 2035 | 184 | 4562.1918 |
| 19th Coupon | 16 July 2035 | 16 July 2035 | 181 | 4487.8082 |
| 20th Coupon + Maturity | 16 January 2036 | 16 January 2036 | 184 | 104549.7268 |
Source: BSE
