Lead Manager to Dhani Loans and Services Limited for their Public Issue of Secured NCDs

Public Issue - NCD

Service

February 2022

Date

Financial Institutions

Sector

INR 1,960 MN

Deal Value

Lead Manager to Dhani Loans and Services Limited for their Public Issue of Secured NCDs

Deal Highlights:

  • The Issue received a decent response from all set of investors. It was subscribed 1.27 times of the Base Issue Size
  • The Issue was focused for a shorter investment horizon from 370 days to 36 months with yields ranging from 10.00% p.a. to 11.00% p.a.
  • ~57% of the amount of deal for total NCDs allotted was from Category III & Category IV investors (individual investors)
  • One of the NBFCs focusing on providing transaction finance through digital platforms

Our Contribution:

  • Dhani Loans and Services Limited, being an NBFC focused on retail lending through digitization, we facilitated and led the positioning efforts of the Company
  • As Left Lead Manager, we hand-held the Company with end-to-end execution, swift regulatory approvals and timely launch