Description

NSE announces listing of 13 series of secured, rated, redeemable non-convertible debentures of Sammaan Capital Limited with varying tenures and coupon rates.

Summary

NSE has announced the listing of public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) of Sammaan Capital Limited. The listing comprises 13 different series (I through XIII) with varying payment frequencies, tenures, and coupon rates. All debentures are rated CRISIL AA/Stable & ICRA AA/Stable with face value of Rs. 1,000 per NCD.

Key Points

  • 13 series of NCDs with different characteristics and total securities ranging from 100 to 3,20,948 units
  • Face value: Rs. 1,000 per NCD across all series
  • Issue price: Rs. 1,000 per NCD for all series
  • Credit rating: CRISIL AA/Stable & ICRA AA/Stable
  • Market lot: One NCD
  • Payment frequencies: Annual, Monthly, and Cumulative options available
  • Coupon rates ranging from 8.42% to 9.95%
  • Effective yields ranging from 8.65% to 9.96% per annum

Regulatory Changes

No regulatory changes mentioned. This is a standard listing notification under existing regulations.

Compliance Requirements

  • Listing in pursuance of Regulation 3.1.1 of the National Stock Exchange regulations
  • All listed securities to follow standard NCD trading and settlement procedures
  • Compliance with existing debt market segment regulations

Important Dates

  • Date of allotment: August 1, 2025
  • Maturity dates vary by series:
    • Series I-VI: August 1, 2027 (2-year tenure)
    • Series VII-XII: August 1, 2028 (3-year tenure)
    • Series XIII: Various dates from August 1, 2030 to August 1, 2035 (5-10 year tenure)
  • First interest payment dates: August 1, 2026 or September 1, 2025 depending on series

Impact Assessment

Limited market impact as this is a standard debt securities listing. The NCDs provide investors with rated debt investment options with staggered redemption features for longer-tenure series. The variety of payment frequencies and tenures offers flexibility for different investor preferences. No significant operational changes required for market participants.

Impact Justification

Standard debt securities listing with no major market impact