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Aditya Birla Finance Limited NCD IPO September 2023 

The Aditya Birla Finance NCD IPO, which is coming on September 27, 2023, presents an appealing opportunity to potentially grow your wealth while establishing a valuable association with the esteemed Aditya Birla Finance, a prominent name in the financial industry.  

Aditya Birla Finance Limited is a significant part of the renowned Aditya Birla Group, a big corporation recognized for its diverse enterprises, which encompass financial services among others. Since its inception in 1991, Aditya Birla Finance has emerged as a significant participant in the financial industry, providing an array of services including corporate finance, personal finance, and wealth management. 

This blog will help you discover this opportunity by delving into its core, explaining how it works, and emphasizing why it’s a smart investment choice for the future.  

Detailed Information of Aditya Birla Finance Limited NCD IPO 

Issuer Aditya Birla Finance Limited 
Lead Managers Trust Investment Advisors Private Limited, JM Financial Limited, and A. K. Capital Services Limited 
Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) * 
Debenture Trustee Vistra ITCL (India) Limited 
Registrar Link Intime India Private Limited 
Type and nature of the instrument Secured, Rated, Listed, Redeemable, Non-Convertible Debentures 
Base Issue Size ₹ 1000 Cr 
Option to Retain Oversubscription Amount Up to ₹ 1000 Cr. 
Issue Size ₹ 2,000 Crore 
Face Value (in ₹ / NCD) ₹ 1,000 
Issue Price (in ₹ / NCD) ₹ 1,000 
Minimum Application ₹ 10,000 
In multiple of ₹ 1,000 (1 NCD) 
Seniority Senior 
Mode of the Issue Public Issue 
Issue Public issue by the Company of secured, rated, listed, redeemable, non-convertible debentures of face value of ₹ 1,000 each (“NCDs”) for an amount up to ₹1,000 crores (“Base Issue Size”) with an option 
to retain oversubscription up to ₹1,000 crores (“Green Shoe Option”), aggregating up to 2,00,00,000 NCDs for an aggregate amount of up to ₹2,000 crores 
Listing The NCDs are proposed to be listed on BSE and NSE. The NCDs shall be listed within six Working Days from the date of Issue Closure. 
Mode of Allotment & Trading NCDs will be issued and traded compulsorily in dematerialized form only 
Trading Lot One (1) NCD 
Depositories NSDL and CDSL 
Credit Ratings IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA 
Minimum Subscription The minimum subscription is 75% of the Base Issue size, i.e., ₹750 crores 
Record date The record date for payment of interest in connection with the NCDs or repayment of principal in connection therewith shall be 15 (fifteen) days prior to the relevant interest payment date or relevant Redemption Date for NCDs issued under this Prospectus. In case of redemption of NCDs, the trading in the NCDs shall remain suspended between the Record Date and the date of redemption. In case the Record Date falls on a day when the Stock Exchanges are having a trading holiday, the immediate 
preceding trading day or a date notified by the Company to the Stock Exchanges will be deemed as the Record Date. 
Issue Schedule* This Issue shall be open from Wednesday, September 27, 2023 to Thursday, October 12, 2023** 
Default Coupon Rate The Issuer shall pay interest, over and above the agreed coupon rate, in connection with any delay in allotment, refunds, listing, dematerialized credit, execution of Debenture Trust Deed, payment of interest, redemption of principal amount beyond the time limits prescribed under applicable statutory and/or regulatory requirements, at such rates as stipulated/ prescribed under applicable laws. The Company shall pay at least two percent per annum to the debenture holder, over and above the agreed coupon rate, till the execution of the trust deed if the Company fails to execute the trust deed 
within such period as prescribed under applicable law 
Issue opening date Wednesday, September 27, 2023 
Issue closing date* Thursday, October 12, 2023 
Deemed date of Allotment The date on which the Board of Directors or Finance Committee authorized by the Board approves the Allotment of the NCDs for the Issue or such date as may be determined by the Board of Directors/ or the Finance Committee authorized by the Board thereof and notified to the Designated Stock Exchange. The actual Allotment of NCDs may take place on a date other than the Deemed Date of 
Allotment. All benefits relating to the NCDs including interest on NCDs shall be available to the Debenture Holders from the Deemed Date of Allotment 

Issue Break Up 

Category Allocation Amount in Crs. 
    Base Issue Issue 
Institutional Investors 25% 250 500 
Non Institutional Investors 25% 250 500 
HNI 25% 250 500 
Retail Individual Investors 25% 250 500 
Total 100% 1000 2000 

About Issuer  

Aditya Birla Finance Limited holds registration with the Reserve Bank of India (RBI) as a non-deposit-taking systemically important non-banking financial company, often referred to as an “NBFC-ND-SI.” The company was founded in 1991 and obtained its registration certificate in 2011 to conduct non-banking financial activities without accepting public deposits, as per Section 45IA of the RBI Act, 1934. Under the RBI’s scale-based regulatory framework for NBFCs, effective from September 30, 2022, they fall into the ‘Upper Layer’ category. Aditya Birla Finance offers a comprehensive range of lending, financing, and wealth services to a diverse clientele, including retail, high-net-worth individuals (HNI), ultra-high-net-worth individuals, micro, small, and medium-sized enterprises (MSMEs), SMEs, and corporate customers. As of June 30, 2023, the company’s total outstanding loans amount to ₹85,778.5 crore. Their offerings encompass tailored solutions in personal and business loans, corporate finance, mortgages, loans against property, working capital loans, loans against securities, project loans, and wealth services. 

Financial Table detailing different series of NCDs issued by Aditya Birla Finance Corporation 

Series I II III* IV V VI 
Frequency of Interest Payment Annual Cumulative Annual Cumulative Monthly Annual 
Minimum Application ₹ 10,000 (10 NCDs) across all series 
In multiples of thereafter ₹ 1,000 (1 NCD) 
Face Value/ Issue Price of NCDs (₹/ NCD) ₹ 1,000 
Tenor 3 years 3 years 5 years 5 years 10 years 10 years 
Coupon (% per annum) for NCD Holders in all Categories 8.00% NA 8.05% NA 7.80% 8.10% 
Effective Yield (% per annum) for NCD Holders in all Categories 7.99% 7.99% 8.04% 8.04% 8.08% 8.09% 
Mode of Interest Payment Through various modes available 
Amount (₹ / NCD) on Maturity for NCD Holders in all Categories ₹ 1,000 ₹ 1,259.46 ₹ 1,000 ₹ 1,472.73 ₹ 1,000 ₹ 1,000 
Maturity / Redemption Date (from the Deemed Date of Allotment) 3 years 3 years 5 years 5 years 10 years 10 years 
Put and Call Option Not Applicable 


In the financial world, it’s crucial to find opportunities to invest and secure your financial future. The upcoming Aditya Birla Finance Limited NCD IPO in September 2023 holds great promise. Aditya Birla Finance isn’t just a financial company; it’s a trusted partner known for its reliability. Their entry into the Non-Convertible Debenture Initial Public Offering (NCD IPO) market offers investors an exciting chance to grow their wealth steadily and securely.