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SAMMAANCAP - Sammaan Capital

📊 NSE: SAMMAANCAP 🏢 Finance - Housing 📅 Last Updated: 12/14/2025 12:44

📢 Recent Corporate Announcements

Sammaan Capital Completes ₹25 Crore NCD Redemption and Interest Payment

🟢 POSITIVE ⭐ 4/10

ROUTINE 📅 12 Mar 2026, 06:20 PM

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance, has successfully completed the full redemption of its Secured Redeemable Non-Convertible Debentures (NCDs). The company paid the entire principal amount of ₹2,500 lacs (₹25 crore) along with an interest payment of ₹223.77 lacs. The payment was made on March 12, 2026, ahead of the scheduled due date of March 13, 2026. This timely fulfillment of debt obligations indicates a healthy liquidity position and disciplined financial management.

Full redemption of NCDs (ISIN: INE148I07EA1) worth ₹2,500 lacs (₹25 crore)
Total interest payment of ₹223.77 lacs disbursed to debenture holders
Actual payment executed on March 12, 2026, one day prior to the scheduled due date
Outstanding amount for the specific NCD series reduced to zero following this payment

💡 Investors should view this as a positive sign of the company's creditworthiness and operational stability. No immediate action is required as this is a routine but successful debt servicing event.

Sammaan Capital Makes Timely Interest Payment for Seven NCD Series in March 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Mar 2026, 10:19 PM

Sammaan Capital Limited has successfully processed the monthly interest payments for seven series of Secured Redeemable Non-Convertible Debentures (NCDs). The payments were made on March 06, 2026, ahead of the scheduled due date of March 09, 2026. This filing is a routine compliance update under SEBI Regulation 57, confirming the company is meeting its debt obligations to public NCD holders. The total interest disbursed across these specific ISINs amounts to approximately ₹24.76 Lacs.

Timely payment of monthly interest for 7 distinct ISINs of Secured NCDs issued through public issues.
Total interest amount paid across all listed series is approximately ₹24.76 Lacs.
Actual payment date was March 06, 2026, three days ahead of the March 09, 2026 due date.
The largest interest payout in this batch was ₹9.09 Lacs for ISIN INE148I07RB1.
Company remains compliant with SEBI Listing Obligations and Disclosure Requirements for debt servicing.

💡 No action is required as this is a routine regulatory disclosure. It serves as a positive confirmation of the company's liquidity and commitment to timely debt servicing.

Sammaan Capital Pays ₹1.35 Crore Interest on ₹200 Crore NCD Issue

🟢 POSITIVE ⭐ 4/10

ROUTINE 📅 06 Mar 2026, 10:07 PM

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance, has confirmed the timely payment of interest for its private placement NCDs. The company paid ₹134.90 lakhs on March 6, 2026, which was three days ahead of the scheduled due date of March 9, 2026. The interest pertains to an NCD issue worth ₹200 crores under ISIN INE148I07YI2. This consistent debt servicing reflects the company's stable liquidity position and commitment to its creditors.

Interest payment of ₹134.90 lakhs completed for the monthly period.
Actual payment date was March 6, 2026, ahead of the March 9, 2026 due date.
The total issue size for the specific NCD (ISIN: INE148I07YI2) is ₹20,000 lakhs (₹200 crores).
The disclosure is in compliance with Regulation 57 of SEBI (LODR) Regulations, 2015.

💡 This is a routine positive update confirming the company's operational solvency. Long-term investors should continue to track the firm's cost of borrowing and debt-to-equity ratios to assess overall credit health.

Sammaan Capital Raises ₹280 Crore via Private Placement of Secured NCDs

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 05 Mar 2026, 06:52 PM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has successfully allotted Secured Non-Convertible Debentures (NCDs) totaling ₹280 crore on a private placement basis. The fundraise is divided into two series: a ₹125 crore re-issuance with an 8.8570% quarterly coupon and a ₹155 crore fresh issue with a 9.20% annual coupon. These instruments have tenors of approximately 5 and 10 years respectively, maturing in 2030 and 2036. The debt is secured by a 1.1x asset cover on the company's receivables and other assets.

Total fundraise of ₹280 crore through private placement of secured, rated, and listed NCDs.
Series I (₹125 Cr) carries a coupon of 8.8570% p.a. with quarterly payments and matures in Dec 2030.
Series II (₹155 Cr) carries a coupon of 9.20% p.a. with annual payments and a 10-year tenor maturing in Mar 2036.
The NCDs are secured by a first pari-passu charge on assets with a minimum security cover of 1.1 times.

💡 The successful placement of long-term debt at these rates indicates healthy market confidence in the company's credit profile post-rebranding. Investors should monitor how this capital is deployed to grow the loan book and manage the overall cost of funds.

Sammaan Capital Allots NCDs Worth ₹280 Crore via Private Placement

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 05 Mar 2026, 01:36 PM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has successfully allotted Non-Convertible Debentures (NCDs) totaling ₹280 crore. The fundraise is split into two series: ₹125 crore with an 8.8570% quarterly coupon maturing in 2030, and ₹155 crore with a 9.20% annual coupon maturing in 2036. These NCDs are secured by a 1.1x asset cover on the company's loan and financial assets. This issuance helps the company secure long-term capital to support its lending operations.

Total fundraise of ₹280 crore through secured, rated, and listed NCDs on a private placement basis.
Series I: ₹125 crore allotted at 8.8570% p.a. with a maturity date of December 9, 2030.
Series II: ₹155 crore allotted at 9.20% p.a. with a 10-year tenor maturing on March 5, 2036.
Secured by a first pari-passu charge on financial and loan assets with a minimum 1.1x security cover.
The NCDs will be listed on both the National Stock Exchange (NSE) and BSE Limited.

💡 Investors should note the company's ability to raise long-term debt at competitive rates, which is a positive sign for its liquidity profile. Monitor the company's asset-liability management as it continues its transition under the new Sammaan Capital brand.

Sammaan Capital Reports Timely Interest Payment on Secured NCDs

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Mar 2026, 09:49 PM

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance, has successfully made timely interest payments on two series of Secured Redeemable Non-convertible Debentures (NCDs). The payments were processed on March 2, 2026, ahead of the scheduled due date of March 3, 2026. The total interest disbursed across the two ISINs (INE148I07NA2 and INE148I07MZ1) was approximately 4.36655 INR lacs. This filing is a routine compliance update under SEBI's Listing Obligations and Disclosure Requirements.

Timely interest payment confirmed for two NCD series issued via public issue.
Interest amount of 4.35988 INR lacs paid for ISIN INE148I07MZ1 with an issue size of 615.24 INR lacs.
Interest amount of 0.00667 INR lacs paid for ISIN INE148I07NA2.
Actual payment date was March 2, 2026, one day ahead of the March 3, 2026 due date.
Payments follow a monthly frequency as per the SEBI Master Circular requirements.

💡 This is a routine regulatory disclosure confirming the company is meeting its debt obligations. No specific action is required, but investors should maintain a watch on the company's overall liquidity and credit rating.

Sammaan Capital Reports Timely Interest Payment for 12 NCD Series

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 07:20 PM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has successfully made timely interest payments for 12 different series of Secured Redeemable Non-Convertible Debentures (NCDs). The payments, which were due on March 1, 2026, were processed early on February 27, 2026, across various ISINs. This disclosure is a mandatory filing under Regulation 57 of SEBI LODR, confirming the company's adherence to its debt servicing schedule. The interest amounts paid ranged from small sums to approximately ₹21.86 lakhs for the largest series.

Timely interest payment confirmed for 12 ISINs of Secured Redeemable NCDs.
Payments were executed on February 27, 2026, ahead of the March 1, 2026 due date.
Largest interest payment amount recorded was ₹21.86 lakhs for ISIN INE148I07XK0.
The NCDs involved have issue sizes ranging from ₹8.11 lakhs to ₹3,209.48 lakhs.
All payments were made on a monthly frequency as per the debenture terms.

💡 No action is required as this is a routine regulatory filing. It provides assurance regarding the company's current liquidity and commitment to debt obligations.

Sammaan Capital Reports Timely Interest Payment for 12 NCD Series

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 11:11 AM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has successfully fulfilled its interest payment obligations for 12 series of Secured Redeemable Non-convertible Debentures (NCDs). The payments, which were due on March 1, 2026, were processed ahead of schedule on February 27, 2026. This disclosure is a mandatory regulatory filing under SEBI's Listing Obligations and Disclosure Requirements. The timely servicing of these monthly interest obligations reflects the company's current liquidity and commitment to its debt holders.

Timely interest payment confirmed for 12 distinct ISINs of Secured NCDs.
Actual payment date was February 27, 2026, ahead of the March 1, 2026 due date.
Significant interest payouts include INR 21.86 lacs for ISIN INE148I07XK0 and INR 16.89 lacs for ISIN INE148I07XG8.
The company reported zero delays or non-payments across all specified debt instruments.

💡 No immediate action is required as this is a routine regulatory disclosure confirming standard debt servicing. It serves as a positive, albeit minor, indicator of the company's operational stability and creditworthiness.

Sammaan Capital Confirms Timely Interest Payment for 12 NCD Series

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 11:03 AM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has successfully made timely interest payments for 12 different series of Secured Redeemable Non-convertible Debentures (NCDs). The payments, which were due on March 1, 2026, were processed on February 27, 2026, across various ISINs. The interest amounts ranged from small sums to a high of ₹21.86 lacs for specific tranches. This routine disclosure confirms the company's adherence to its debt servicing obligations for its publicly listed debt instruments.

Timely interest payment confirmed for 12 distinct NCD ISINs issued through public issues.
Payments were completed on February 27, 2026, ahead of the scheduled due date of March 1, 2026.
The largest single interest payout reported in this filing was ₹21.86 lacs for ISIN INE148I07XK0.
All reported interest payments followed a monthly frequency as per the original issue terms.

💡 No action is required as this is a routine regulatory compliance filing. Investors should view this as a standard confirmation of the company's ongoing ability to service its debt.

Sammaan Capital Reports Timely Interest Payment of ₹78.47 Lakhs for 12 NCD Series

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 10:58 AM

Sammaan Capital Limited has successfully completed the timely payment of interest for 12 series of Secured Redeemable Non-Convertible Debentures (NCDs) issued through a public issue. The total interest disbursed across these various ISINs amounts to approximately ₹78.47 lakhs. Although the scheduled due date for these monthly payments was March 1, 2026, the company executed the payments early on February 27, 2026. This filing is a routine compliance update under Regulation 57 of SEBI's Listing Obligations and Disclosure Requirements.

Confirmed timely interest payment for 12 distinct NCD ISINs including series INE148I07XR5 and INE148I07XK0.
Total interest amount paid across all listed series is approximately ₹78.47 lakhs.
Payments were completed on February 27, 2026, ahead of the official March 1, 2026 due date.
All reported NCD series follow a monthly interest payment frequency with no changes in payment terms.

💡 This is a routine regulatory disclosure confirming the company's ability to meet its debt obligations. No immediate action is required as this reflects standard operational compliance.

Sammaan Capital Confirms Timely Interest Payment for 12 NCD Series

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 10:52 AM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has successfully fulfilled its interest payment obligations for 12 series of Secured Redeemable Non-convertible Debentures (NCDs). The payments, totaling approximately INR 78.47 lacs across various ISINs, were made on February 27, 2026, ahead of the March 1, 2026 due date. This routine disclosure under Regulation 57 of SEBI LODR confirms the company's liquidity and commitment to debt servicing for its listed debt instruments.

Timely interest payment confirmed for 12 distinct ISINs of Secured Redeemable NCDs.
Total interest disbursed across all listed series amounts to approximately INR 78.47 lacs.
Payments were executed on February 27, 2026, ahead of the scheduled due date of March 1, 2026.
The largest single interest payments were INR 21.86 lacs and INR 16.89 lacs for specific NCD series.
All payments relate to NCDs issued through public issues and listed on the Stock Exchanges.

💡 No immediate action is required as this is a routine compliance filing. It serves as a positive confirmation of the company's ability to meet its short-term debt obligations.

Sammaan Capital Reports Timely Interest Payment for 12 NCD Series Totaling ₹78.42 Lacs

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 10:45 AM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has successfully fulfilled its monthly interest payment obligations for 12 series of Secured Redeemable Non-Convertible Debentures (NCDs). The total interest amount, approximately ₹78.42 lacs, was paid on February 27, 2026, ahead of the scheduled due date of March 1, 2026. This disclosure is a routine regulatory requirement under SEBI (LODR) Regulations, 2015. The timely servicing of these public-issue NCDs indicates stable liquidity management for the company's debt obligations.

Timely interest payment completed for 12 distinct ISINs of Secured Redeemable NCDs.
Total interest disbursed amounts to approximately ₹78.42 lacs for the monthly cycle ending February 2026.
Payments were executed on February 27, 2026, ahead of the March 1, 2026 deadline.
The largest single interest payment among the series was ₹21.86 lacs for ISIN INE148I07XK0.
All payments relate to NCDs issued through public issues and listed on major stock exchanges.

💡 No immediate action is required as this is a routine debt-servicing disclosure. Investors should continue to monitor the company's credit ratings and asset quality in upcoming quarterly results.

Sammaan Capital Reports Timely Interest Payment for 12 NCD Series (Feb 2026)

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Feb 2026, 10:22 AM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has certified the timely payment of interest for 12 series of Secured Redeemable Non-convertible Debentures (NCDs). The interest payments were processed on February 27, 2026, ahead of the scheduled due date of March 1, 2026. The issue sizes for these NCDs range from 8.11 lacs to 3,209.48 lacs INR. This routine regulatory filing under SEBI Regulation 57 confirms the company's adherence to its debt obligations and liquidity management.

Timely interest payment confirmed for 12 distinct ISINs of Secured Redeemable NCDs.
Payments were executed on February 27, 2026, ahead of the March 1, 2026, due date.
Largest interest amount paid was 21.86 INR lacs for ISIN INE148I07XK0 (Issue size 3,209.48 lacs).
Smallest interest amount paid was 0.056 INR lacs for ISIN INE148I07XZ8.
All payments followed a monthly frequency with no changes in payment terms.

💡 No immediate action is required as this is a routine debt servicing announcement. Investors should continue to monitor the company's overall credit profile and debt-to-equity ratios.

Sammaan Capital Raises ₹70 Crore via 9.05% Secured NCDs

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 26 Feb 2026, 01:02 PM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has allotted 7,000 secured, rated, and listed Non-Convertible Debentures (NCDs) on a private placement basis. The issue raised ₹70 crore with a face value of ₹1,00,000 per debenture. These NCDs carry a fixed coupon rate of 9.05% per annum, payable semi-annually, and are scheduled to mature on January 16, 2036. The debt is secured by a first pari-passu charge on the company's assets with a 1.1x security cover.

Allotment of 7,000 NCDs aggregating to ₹70 crore on a private placement basis
Fixed coupon rate of 9.05% p.a. with semi-annual interest payment schedule
Long-term maturity set for January 16, 2036, with a remaining tenor of approximately 9.89 years
Secured by a first pari-passu charge on financial and loan assets with a 1.1x asset cover
NCDs to be listed on both National Stock Exchange (NSE) and BSE Limited

💡 Investors should note the 9.05% borrowing cost as a benchmark for the company's credit profile under its new brand. Monitor the company's ability to maintain the 1.1x security cover and its overall leverage as it continues long-term fund-raising.

Sammaan Capital Makes Timely Interest Payment of ₹11.50 Lakhs on NCDs

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Feb 2026, 07:03 PM

Sammaan Capital Limited (formerly Indiabulls Housing Finance) has confirmed the timely payment of monthly interest for two series of Non-Convertible Debentures (NCDs). The company disbursed a total of approximately ₹11.50 lakhs to debenture holders on February 25, 2026, one day ahead of the scheduled due date. This filing is a routine regulatory requirement under SEBI's Listing Obligations and Disclosure Requirements. It demonstrates the company's continued ability to meet its short-term debt obligations.

Total interest payment of ₹11.50 lakhs completed for monthly NCD obligations
Payments made for ISIN INE148I07GJ7 (₹9.75 lakhs) and INE148I08231 (₹1.75 lakhs)
Actual payment date was February 25, 2026, ahead of the February 26 due date
The underlying issue sizes for these NCDs are ₹1,369.46 lakhs and ₹241.71 lakhs respectively

💡 No immediate action is required as this is a routine debt servicing update. Investors should maintain focus on the company's quarterly earnings and overall credit rating trends.

View All SAMMAANCAP Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company is targeting a significant scale-up to reach an AUM of INR 1.10 lakh Cr by FY27-28. Retail mortgage growth is currently trending at approximately 30% YoY. Derecognition income from co-lending and direct assignments is expected to stabilize at 4% of disbursals.

Geographic Revenue Split

Not disclosed in available documents, though the company is expanding its physical presence to 500 branches across India over the next 2-3 years to diversify its geographic footprint.

Profitability Margins

The company reported a headline solvency ratio (NNPA/net worth) improvement to 2.3% as of June 30, 2025, compared to 5.0% as of March 31, 2024. Net gain on derecognition of loans is targeted at 4% of co-lending flow.

EBITDA Margin

Not disclosed in standard EBITDA format for this NBFC; however, the company maintains a consolidated CRAR of 35.8% (Tier I at 35.1%) as of June 30, 2025, providing a significant capital cushion.

Capital Expenditure

The company is undergoing a massive network expansion to 500-odd branches over 2-3 years. A major capital event is the INR 8,850 Cr preferential issue to Avenir Investment RSC Limited (IHC subsidiary).

Credit Rating & Borrowing

Credit rating is [ICRA]AA with 'Rating Watch with Developing Implications'. Borrowing costs are expected to improve following the IHC investment; recent NCD issuances include a proposed INR 8,000 Cr limit. Debt/Net worth ratio improved to 1.9x in June 2025 from 2.4x in March 2024.

⚙️ Operational Drivers

Raw Materials

Debt Capital (80% of funding mix) and Equity Capital (20% of funding mix).

Import Sources

Domestic markets and International markets (raised a Dollar Bond shortly after the IHC announcement).

Key Suppliers

BSE Limited, National Stock Exchange of India, and various institutional investors for NCDs and Dollar Bonds.

Capacity Expansion

Current branch network is expanding toward a target of 500 branches within 24-36 months to support the asset-light retail origination model.

Raw Material Costs

Cost of funds is a primary driver; the company is leveraging its AA rating to raise capital. The IHC entry is expected to lower borrowing costs by enhancing the corporate governance profile.

Manufacturing Efficiency

Amortization on partner pools is running at approximately 77%, demonstrating high efficiency in loan book churn and collection.

Logistics & Distribution

Distribution is driven by the branch network expansion and digital tech ecosystem integration with IHC.

📈 Strategic Growth

Expected Growth Rate

20-23%

Growth Strategy

The company will utilize an INR 8,850 Cr capital infusion from IHC to scale AUM to INR 1.10 lakh Cr. Strategy involves a 100% asset-light approach for new retail originations, expanding the branch network to 500 locations, and integrating IHC's technology ecosystem to enhance digital lending capabilities.

Products & Services

Home Loans (HL), Loan Against Property (LAP), MSME loans, and Commercial Real Estate (CRE) financing.

Brand Portfolio

Sammaan Capital (formerly Indiabulls Housing Finance), Sammaan Finserve Limited.

New Products/Services

Foray into Commercial Real Estate (CRE) and expanded MSME lending; product selection is currently being redrawn with the new promoter.

Market Expansion

Targeting 500 branches over 2-3 years to deepen penetration in semi-urban and urban mortgage markets.

Market Share & Ranking

Identified as one of the established players in the domestic mortgage finance industry despite recent AUM declines during the transition phase.

Strategic Alliances

Preferential issue agreement with Avenir Investment RSC Limited (IHC) for a 41.2% stake; co-lending partnerships with various banks.

🌍 External Factors

Industry Trends

The industry is shifting toward co-lending; RBI regulations in August 2025 expanded the co-lending scope beyond the priority sector, which is 'extremely positive' for Sammaan's asset-light model.

Competitive Landscape

Competes with AAA-rated HFCs and banks; aims to operate at 4.5x gearing to match industry benchmarks for high-rated players.

Competitive Moat

Moat is built on a long-standing mortgage franchise and a massive capital base (INR 22,106 Cr net worth). The IHC partnership provides a durable advantage in financial flexibility and debt-raising capacity.

Macro Economic Sensitivity

Highly sensitive to interest rate cycles and housing demand; robust customer demand is currently noted in the industry.

Consumer Behavior

Strong shift toward digital-first mortgage processing and demand for smaller-ticket mortgage loans in semi-urban areas.

Geopolitical Risks

The entry of Abu Dhabi-based IHC as a promoter introduces international strategic alignment but subjects the company to cross-border regulatory scrutiny.

⚖️ Regulatory & Governance

Industry Regulations

Received new NBFC-ICC registration from RBI in June 2024. Subject to RBI co-lending guidelines (updated Aug 2025) and requires CCI, RBI, and SEBI approvals for the IHC transaction.

Legal Contingencies

The company is managing the rundown of a legacy portfolio with potential provisioning risks; however, specific pending court case values were not disclosed in the provided text.