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Sammaan Capital has announced the public issue of 25 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 250 crore.
The base size issue is Rs 125 crore, with an option to retain over-subscription up to an additional Rs 125 crore (Green Shoe Option) aggregating up to Rs 250 crore.
The issue is scheduled to open on 6 September 2024 and close on 19 September 2024, with an option of early closure or extension.
There are 12 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, 84 months and 120 months with annual, monthly, and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.25% to 9.9%.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 9.25% to 10.75%.
The NCDs issue has been rated CRISIL AA/Stable and [ICRA]AA (Stable).
The minimum application size for each application for NCDs would be Rs 10000 across all series collectively and in multiples of Rs 1000 thereafter.
NCDs are proposed to be listed on BSE and NSE.
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