Dhani Loans and Services Limited raised money through a public issue of secured redeemable non- convertible debentures, open from 19 Apr 2022 to 10 May 2022. Coupons of 10.03%–11% a year, tenors of 2 years–3 years, rated IVR AA. Face value ₹1,000; minimum application ₹10,000.
Dhani Loans and Services NCD issue: key facts
| Status | Closed |
|---|---|
| Issue opens | 19 Apr 2022 |
| Issue closes | 10 May 2022 |
| Listing date | 19 May 2022 |
| Coupon | 10.03%–11% a year |
| Tenor | 2 years–3 years |
| Interest payment | Monthly, Annual, Cumulative |
| Credit rating | IVR AA/Stable Outlook |
| Instrument | Secured Redeemable Non- Convertible Debentures |
| Base issue size | ₹100 crore |
| Total with green shoe | ₹200 crore |
| Face value | ₹1,000 |
| Minimum application | 10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter |
| Lead managers | Edelweiss Financial Services Limited, Trust Investment Advisors Private Limited |
| Registrar | KFIN Technologies Private Limited |
| Listing on | NSE |
| Symbol | DLSL05 |
Series, coupons and tenors
- S1: Tenor 370 days, Payable at Maturity, Rs. 1,101.44 for Category I, II, III & IV Investors
- S2: 10.50%, Tenor 24 months, for Category I, II, III & IV Investors - Annual Payment
- S3: Tenor 24 months, Payable at Maturity, Rs. 1,221.36 for Category I, II, III & IV Investors
- S4: 10.03%, Tenor 24 months, for Category I, II, III & IV Investors - Monthly Payment
- S5: 11.00%, Tenor 36 months, for Category I, II, III & IV Investors - Annual Payment
- S6: Tenor 36 months, Payable at Maturity, Rs. 1,368.05 for Category I, II, III & IV Investors
- S7: 10.49%, Tenor 36 months, for Category I, II, III & IV Investors - Monthly 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 Dhani Loans and Services as a bond issuer
Before applying, see Dhani Loans and Services Limited: every outstanding bond and NCD with its coupon and maturity, the rating history and the company's private placements.
Other public issues by Dhani Loans and Services: Jan 2022
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 Dhani Loans and Services NCDs?
The coupon is 10.03%–11% a year, depending on the series and investor category, for tenors of 2 years–3 years. The series list on this page gives the coupon, tenor and payment frequency of each option.
When does the Dhani Loans and Services NCD issue open and close?
The issue was open from 19 Apr 2022 to 10 May 2022, unless closed early or extended.
What is the minimum investment in the Dhani Loans and Services NCD issue?
10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter.
What is the credit rating of Dhani Loans and Services NCDs?
Rated IVR AA/Stable Outlook at the time of the issue. Ratings can change; check the rating agency's latest press release.
Are Dhani Loans and Services 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, 5:47 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.
