Piramal Capital and Housing Finance Limited raised money through a public issue of secured redeemable non-convertible debentures, open from 12 Jul 2021 to 19 Jul 2021. Coupons of 8.1%–9% a year, tenors of 26 months–10 years, rated CARE AA, ICRA AA.
Piramal Capital and Housing Finance NCD issue: key facts
| Status | Closed |
|---|---|
| Issue opens | 12 Jul 2021 |
| Issue closes | 19 Jul 2021 |
| Coupon | 8.1%–9% a year |
| Tenor | 26 months–10 years |
| Interest payment | Annual, Cumulative |
| Credit rating | CARE AA (CWD) (Double A) (Under Credit Watch with Developing Implications) by CARE Ratings Limited [ICRA] AA (Outlook: Negative) by ICRA Limited |
| Instrument | Secured Redeemable Non-Convertible Debentures |
| Base issue size | ₹200 crore |
| Total with green shoe | ₹2,000 crore |
| Face value | ₹1,000 |
| Minimum application | Rs 10,000 (10 NCDs) (for all Series of NCDs, namely Series I, Series II, Series III, Series IV and Series V) |
| Lead managers | A.K. Capital Services Limited, Edelweiss Financial Services Limited, JM Financial Limited, Trust Investment Advisors Private Limited |
| Registrar | Link Intime India Private Limited |
| Listing on | NSE |
| Symbol | PCHFRD |
Series, coupons and tenors
- S1 - 8.10 % for Category I & II Investors and 8.35 % for Category III & IV Investors for Tenor 26 months - Annual Payment
- S2 - Payable at redemption Rs.1184.20 for Category I & II Investors and Rs.1190.15 for Category III & IV Investors for Tenor 26 months - Cumulative Payment
- S3 - 8.25 % for Category I & II Investors and 8.50 % for Category III & IV Investors for Tenor 36 months - Annual Payment
- S4 - 8.50 % for Category I & II Investors and 8.75 % for Category III & IV Investors for Tenor 60 months - Annual Payment
- S5 - 8.75 % for Category I & II Investors and 9.00 % for Category III & IV Investors for Tenor 120 months - Annual Payment
As listed by NSE. "Category" refers to the investor categories in the prospectus (individuals usually fall in Categories III and IV). Cumulative series pay the amount shown at maturity instead of periodic interest.
About Piramal Capital and Housing Finance as a bond issuer
Check the issuer's financial statements and existing borrowings in the prospectus, and the rating agency's rationale for the rating.
Documents and how to apply
- Prospectus NSE, zip file
- NSE public issues
While the issue is open, apply through your bank's net banking (ASBA) or your broker's app with UPI. The NCDs are credited to your demat account and listed on the exchange after allotment.
Questions and answers
What is the interest rate on Piramal Capital and Housing Finance NCDs?
The coupon is 8.1%–9% a year, depending on the series and investor category, for tenors of 26 months–10 years. The series list on this page gives the coupon, tenor and payment frequency of each option.
When does the Piramal Capital and Housing Finance NCD issue open and close?
The issue was open from 12 Jul 2021 to 19 Jul 2021, unless closed early or extended.
What is the minimum investment in the Piramal Capital and Housing Finance NCD issue?
Rs 10,000 (10 NCDs) (for all Series of NCDs, namely Series I, Series II, Series III, Series IV and Series V).
What is the credit rating of Piramal Capital and Housing Finance NCDs?
Rated CARE AA (CWD) (Double A) (Under Credit Watch with Developing Implications) by CARE Ratings Limited [ICRA] AA (Outlook: Negative) by ICRA Limited at the time of the issue. Ratings can change; check the rating agency's latest press release.
Are Piramal Capital and Housing Finance NCDs secured?
The issue is described as: Secured Redeemable Non-Convertible Debentures. The prospectus gives the security, the asset cover and the debenture trustee.
Other NCD issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| Muthoot Fincorp | 23 Oct 2026 | 8.56%–9.25% | 2 years–6 years | Rated by Crisil, Brickwork | ₹500 crore |
| SMC Global Securities | 5 Oct 2026 | 9.5%–10% | 2 years–5 years | ICRA A | ₹150 crore |
| Nashik Municipal Corporation | 25 Feb 2026 | 8.05% | 3 years–10 years | IND AA+, CRISIL AA+ | ₹200 crore |
| IIFL Finance | 17 Feb 2026 | — | — | — | — |
| Power Finance Corporation | 16 Jan 2026 | 6.85%–7.3% | 5 years–15 years | CRISIL AAA, CARE AAA, ICRA AAA | ₹5,000 crore |
| SMC Global Securities | 16 Oct 2025 | 9.75%–10.25% | 2 years–5 years | ICRA A | ₹150 crore |
| Surat Municipal Corporation | 6 Oct 2025 | 8% | 4 years–5 years | IND AA+, CRISIL AA+ | ₹200 crore |
| Sammaan Capital | 15 Jul 2025 | 8.42%–9.95% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
Updated 5 Nov 2026, 10:41 pm from the NSE and BSE public issue pages. Methodology and sources
This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
