Last updated on October 30, 2023
Piramal Enterprises NCD October 2023 Description – Incorporated in 1947, Piramal Enterprises is the flagship company of the Piramal Group, one of the leading conglomerates in India. The company presently provides (i) wholesale funding solutions to real estate developers, corporates, and SMEs across sectors; and (ii) retail funding opportunities including housing finance, loan against property, secured small and medium enterprises (‘MSMEs’) loans, other secured loans and unsecured loans (including microfinance loans) to individuals and MSMEs.
Piramal Enterprises has a rapidly growing network across India. The acquisition of Dewan Housing Finance Limited (DHFL) has added a pan-India distribution network of a large number of branches to its existing branch network. As of 30 June 2023, the company has 424 conventional branches, including 136 microfinance branches across 25 states and union territories across India.
The AUM of retail lending business witnessed a growth of 49.15% from INR 21,552.28 crores as of FY 2022 to INR 32,144.23 crores as of FY 2023. The contribution of retail loans to the total AUM has been increasing, and as of 31 March 2023, the ratio of retail loans to wholesale loans in terms of contribution to the total AUM was 50:50, as compared to 33:67 as of 31 March 2022.
Promoters of Piramal Enterprises – Mr. Ajay G. Piramal
Piramal Enterprises NCD October 2023 Details
| Subscription Dates | 19 – 30 Oct 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 200 crores |
| Overall Issue Size (including oversubscription) | INR 1,000 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 2 Years 3 Years 5 Years 10 Years |
| Credit Rating | [ICRA]AA (Stable) CARE AA (Stable) |
| Category Reservation | Category 1 (QIB): 20% Category 2 (NII): 20% Category 2 (HNI): 30% Category 3 (Retail): 30% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
Piramal Enterprises NCD October 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 2 Years | Annual | 9.00% | 9.00% | INR 1,000 |
| Series 2 | 3 Years | Annual | 9.05% | 9.05% | INR 1,000 |
| Series 3 | 5 Years | Annual | 9.20% | 9.19% | INR 1,000 |
| Series 4 | 10 Years | Annual | 9.35% | 9.34% | INR 1,000 |
Piramal Enterprises Documents
- Piramal Enterprises NCD Tranche I Prospectus
- Piramal Enterprises NCD Draft Shelf Prospectus
- Piramal Enterprises NCD Self Prospectus
- Upcoming NCDs
Piramal Enterprises Non-Convertible Debentures Lead Manager
A. K. CAPITAL SERVICES LIMITED
603, 6th Floor, Windsor,
Off CST Road, Kalina, Santacruz – (East),
Mumbai – 400 098, India
Phone:Â +91 22 6754 6500
Email:Â [email protected]
Website: www.akgroup.co.in
Piramal Enterprises Non-Convertible Debentures Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +918108114949
Email: [email protected]
Website: www.linkintime.co.in
Piramal Enterprises Contact Details
PIRAMAL ENTERPRISES LIMITED
Piramal Ananta, Agastya Corporate Park,
Opposite Fire Brigade, Kamani Junction,
LBS Marg, Kurla (West), Mumbai 400 070, Maharashtra
Phone: +91 22 3802 3000/4000
Email: [email protected]; [email protected]
Website: www.piramal.com
Piramal Enterprises NCD October 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
|---|---|---|---|---|---|
| 30 Oct 2023 | 0.00 | 3.32 | 2.49 | 4.45 | 2.74 |
| 27 Oct 2023 | 0.00 | 1.88 | 2.39 | 4.11 | 2.33 |
| 26 Oct 2023 | 0.00 | 1.85 | 2.33 | 3.98 | 2.28 |
| 25 Oct 2023 | 0.00 | 1.82 | 2.28 | 3.78 | 2.18 |
| 23 Oct 2023 | 0.00 | 1.81 | 1.99 | 3.14 | 1.90 |
| 20 Oct 2023 | 0.00 | 1.80 | 1.74 | 2.63 | 1.67 |
| 19 Oct 2023 | 0.01 | 1.31 | 1.48 | 2.10 | 1.33 |
Piramal Enterprises NCD October 2023 Allotment Status
Piramal Enterprises NCD October 2023 allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Piramal Enterprises NCD October 2023 FAQs
What is the face value and lot size of Piramal Enterprises NCD October 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Piramal Enterprises NCD October 2023?
The frequency of payment for Piramal Enterprises NCD is Annual.
What is the basis of allotment in Piramal Enterprises NCD October 2023 offer?
Piramal Enterprises NCDs will be allotted on a First Come First Serve Basis.
