Sammaan Finserve Limited

Sammaan Finserve Limited is an Indian company in the BFSI industry (formerly Indiabulls Commercial Credit Limited and Indiabulls Infrastructure Credit Limited) with 19 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 8.45% to 10.5% a year. Maturity dates run from 13 Jan 2027 to 7 Mar 2035. NSDL records 14 of the 19 whose terms it holds as secured. Latest credit ratings on record: CARE AA+ (Stable) (action dated 13 Oct 2026); Brickwork AAA (Stable) (action dated 25 Aug 2026); ICRA AA+ (Stable) (action dated 20 May 2026); CRISIL AA+ (Stable) (action dated 9 Apr 2026). Verify current terms against the official documents linked on this page.

Data as of 15 Nov 2026 (snapshot 20261115-2253) · How this page is compiled

Issuer overview

Legal name
Sammaan Finserve Limited
Formerly
Indiabulls Commercial Credit Limited; Indiabulls Infrastructure Credit Limited
CIN
U65923DL2006PLC150632
LEI
33580063XY5DJRPSF215
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
Ownership
Non PSU
ISIN issuer code
INE244L
Outstanding bonds (ISINs)
19 (plus 9 matured)
Stated coupons (fixed rate)
8.45% – 10.5%
Maturity dates
13 Jan 2027 – 7 Mar 2035
Secured (NSDL)
14 of 19
Combined issue size of outstanding bonds
₹1,176 crore
Traded on
BSE, NSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Sammaan Finserve bonds: ISIN, coupon and maturity

19 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE244L07606 NCD 9.65% Yearly 13 Dec 2024 13 Jan 2027 ₹1,00,000 125 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L08018 NCD 8.45% Yearly 8 Nov 2017 8 Nov 2027 ₹1,00,000 60.00 Unsecured None recorded — Brickwork AAA 25 Aug 2026
INE244L08026 Subordinated NCD (Tier II) 8.45% — 30 Nov 2017 30 Nov 2027 ₹1,00,000 40.00 Unsecured None recorded — Brickwork AAA 25 Aug 2026
INE244L08034 Subordinated NCD (Tier II) 8.45% Yearly 5 Jan 2018 5 Jan 2028 ₹1,00,000 50.00 Unsecured None recorded — CRISIL AA+ 9 Apr 2026
INE244L07283 NCD 10.3% Yearly 2 Feb 2023 2 Feb 2028 ₹400 7.30 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L07317 NCD 9.8% Yearly 2 Feb 2023 2 Feb 2028 ₹400 50.00 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L07416 NCD 9.85% Yearly 2 Feb 2023 2 Feb 2028 ₹400 10.96 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L08042 Subordinated NCD (Tier II) 8.85% Yearly 28 Mar 2018 28 Mar 2028 ₹1,00,000 105 Unsecured None recorded — CRISIL AA+ 9 Apr 2026
INE244L07523 NCD 10.03% Yearly 25 Apr 2023 25 Apr 2028 ₹400 11.81 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L07556 NCD 10.5% Yearly 25 Apr 2023 25 Apr 2028 ₹400 9.00 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L07564 NCD 9.57% Yearly 25 Apr 2023 25 Apr 2028 ₹400 0.01 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L08059 Subordinated NCD (Tier II) 8.8% Yearly 2 May 2018 2 May 2028 ₹1,00,000 100 Unsecured None recorded — CRISIL AA+ 9 Apr 2026
INE244L07150 NCD 8.75% Monthly 25 Sep 2018 25 Sep 2028 ₹1,000 0.06 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L07168 NCD 8.84% Monthly 25 Sep 2018 25 Sep 2028 ₹1,000 12.40 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L07176 NCD 9.1% Yearly 25 Sep 2018 25 Sep 2028 ₹1,000 0.35 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L07184 NCD 9.2% Yearly 25 Sep 2018 25 Sep 2028 ₹1,000 13.96 Secured None recorded NSE CRISIL AA+ 9 Apr 2026
INE244L07598 NCD 9.8% Yearly 6 Sep 2024 6 Sep 2029 ₹1,00,000 30.00 Secured None recorded BSE, NSE CRISIL AA+ 9 Apr 2026
INE244L07259 NCD 9.7% Yearly 13 Jul 2022 13 Jul 2032 ₹10,00,000 500 Secured None recorded — Brickwork AAA 25 Aug 2026
INE244L07614 NCD 9.6% Yearly 7 Mar 2025 7 Mar 2035 ₹1,00,000 50.00 Secured None recorded NSE ICRA AA+ 20 May 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Sammaan Finserve credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
CARE AA+ Stable Reaffirm 13 Oct 2026 9 Checked 7 Nov 2026
Brickwork AAA Stable Upgrade 25 Aug 2026 3 Verified by NSDL · Checked 7 Nov 2026
ICRA AA+ Stable Upgrade 20 May 2026 19 Verified by NSDL · Checked 7 Nov 2026
CRISIL AA+ Stable Upgrade 9 Apr 2026 16 Verified by NSDL · Checked 7 Nov 2026
Rating history
Date Agency Rating Outlook Action
13 Oct 2026 CARE AA+ Stable Reaffirm
25 Aug 2026 Brickwork AAA Stable Upgrade
20 May 2026 ICRA AA+ Stable Upgrade
12 May 2026 CARE AA+ Stable Upgrade
9 Apr 2026 CRISIL AA+ Stable Upgrade
6 Apr 2026 Brickwork AA+ No Outlook Reaffirm
9 Jan 2026 Brickwork AA+ No Outlook Reaffirm
13 Oct 2025 CRISIL AA No Outlook Reaffirm
13 Oct 2025 ICRA AA No Outlook Reaffirm
13 Oct 2025 Brickwork AA+ No Outlook Reaffirm
7 Oct 2025 CARE AA- No Outlook Reaffirm
26 Jun 2025 ICRA AA No Outlook Reaffirm
8 Apr 2025 Brickwork AA+ Stable Reaffirm
26 Nov 2024 ICRA AA No Outlook Reaffirm
26 Nov 2024 ICRA AA — Reaffirm

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: CRISIL, ICRA, CARE, Brickwork

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
7 Mar 2025 INE244L07614 7 Mar 2035 Placement memorandum on BSE
7 Mar 2025 INE244L07606 13 Jan 2027 Placement memorandum on BSE
13 Dec 2024 INE244L07606 13 Jan 2027 Placement memorandum on BSE
16 Jul 2024 INE244L07580 16 Jan 2026 Placement memorandum on BSE
13 Jul 2022 INE244L07259 13 Jul 2032 Placement memorandum on BSE
21 Sep 2021 INE244L07226 21 Sep 2023 Placement memorandum on BSE
21 Sep 2021 INE244L07234 21 Sep 2024 Placement memorandum on BSE
21 Sep 2021 INE244L07242 21 Sep 2026 Placement memorandum on BSE
16 Jul 2019 INE244L07218 15 Jul 2022 Placement memorandum on BSE
28 Jun 2019 INE244L07200 28 Jul 2019 Placement memorandum on BSE
2 May 2019 INE244L08042 28 Mar 2028 Placement memorandum on BSE
3 Apr 2019 INE244L07192 3 Apr 2020 Placement memorandum on BSE
29 Jun 2018 INE244L07044 29 Jun 2021 Placement memorandum on BSE
2 May 2018 INE244L08059 2 May 2028 Placement memorandum on BSE
28 Mar 2018 INE244L08042 28 Mar 2028 Placement memorandum on BSE
5 Jan 2018 INE244L08034 5 Jan 2028 Placement memorandum on BSE
30 Nov 2017 INE244L08026 30 Nov 2027 Placement memorandum on BSE
8 Nov 2017 INE244L08018 8 Nov 2027 Placement memorandum on BSE
7 Jun 2017 INE244L07036 7 Jun 2018 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Sammaan Finserve bonds: questions and answers

What bonds has Sammaan Finserve Limited issued?

Sammaan Finserve Limited has 19 outstanding bonds recorded on this page. By type, as described by NSDL: 15 NCDs, 4 subordinated NCD (tier ii). 9 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Sammaan Finserve Limited bonds?

Its 19 outstanding bonds each have their own ISIN, for example INE244L07606, INE244L08018, INE244L08026. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE244L.

What coupon rates do Sammaan Finserve Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 8.45% to 10.5% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Sammaan Finserve Limited bonds mature?

Its outstanding bonds have maturity dates from 13 Jan 2027 to 7 Mar 2035. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Sammaan Finserve Limited bonds?

NSDL India Bond Info records CARE AA+ (Stable) (action dated 13 Oct 2026); Brickwork AAA (Stable) (action dated 25 Aug 2026); ICRA AA+ (Stable) (action dated 20 May 2026); CRISIL AA+ (Stable) (action dated 9 Apr 2026) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Sammaan Finserve Limited bonds secured, unsecured or guaranteed?

NSDL records 14 of the 19 outstanding bonds whose terms it holds as secured and 5 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Sammaan Finserve Limited the same company as Indiabulls Commercial Credit Limited?

Yes. Sammaan Finserve Limited was formerly known as Indiabulls Commercial Credit Limited and Indiabulls Infrastructure Credit Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is U65923DL2006PLC150632.

Where can investors find the original disclosure documents for Sammaan Finserve Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Sammaan Finserve Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Sources and dates

Data as of 15 Nov 2026 (snapshot 20261115-2253). Facts on this page last changed on 29 Oct 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. 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.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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