Dewan Housing Finance Corporation Limited; a deposit-taking housing finance company is registered with the NHB and focuses on providing financing products for the LMI segment in India primarily in Tier II and Tier III cities and towns. The Company has been active in the housing finance sector in India since 1984. It provides secured finance primarily to individuals, partnership firms and companies for the purchase, self- construction, improvement and extension of homes, new and resalable flats, commercial properties and land. It also provides certain categories of non-housing loans including loans for commercial property, medical equipment and for plant and machinery. The Company has a robust marketing and distribution network, with a presence across 349 locations including 182 branches, 146 service centers, 18 circle/ cluster offices, 2 disbursement hubs and one collection center, throughout India as at June 30, 2016.

The Company’s revenue from operations and profit after tax grew at a CAGR of 21.3% and 17.4%, respectively, during the three fiscal years ended March 31, 2016, 2015 and 2014.

DHFL NCD - Issue Details:

Issuer DHFL (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, Aug 29, 2016
Issue Closes: Monday, Sep 12, 2016
Coupon Rate 9.25% p.a
Issue Size(Rs.) 2000 Crores
Face Value Rs.1000 per NCD
Minimum Application Size 10,000 (10 NCDs) and in multiple of ₹ 1,000 (1 NCD) thereafter across all Series
QIB 30% of overall issue size
Corporate 10% of overall issue size
HNI 30% of overall issue size
Retail Individual 30% of overall issue size
Cheque/DD All cheques / bank drafts accompanying the Applications made by eligible Applicants should be crossed “A/c Payee only” and must be made payable to “DHFL NCD Escrow Account”
Registrar Karvy Computershare Private Limited
Listing NSE and BSE
Book Running Lead Managers Edelweiss Financial Services Limited, A.K. Capital Services, ICICI Bank, SBI Capital Markets Ltd

Key Strengths:

  • Long track record of leadership in the LMI segment
  • Diversified funding mix with focused ALM
  • Healthy asset quality reinforced by strong risk management framework
  • Strong growth opportunity supported by Government critical policy agenda

Business Strategies:

  • Engage in competitive loan pricing and customize and cross-sell products and services to attract more
  • Customers
  • Strengthen the IT platform and optimize cost of operations
  • Maintain strong asset quality and earnings growth
  • Leverage existing network with selective expansion




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