Established in 1991, Aditya Birla Finance Limited, a subsidiary of Aditya Birla Capital Limited, operates as a non-deposit-taking systemically important non-banking financial company (NBFC-NDSI) duly registered with the Reserve Bank of India (RBI). Aditya Birla Finance NCD IPO
The company provides a range of financial services, including lending, financing, and wealth management solutions, catering to a diverse clientele that encompasses retail customers, high-net-worth individuals (HNI), ultra-high-net-worth individuals (UHNI), micro-enterprises, small and medium-sized enterprises (MSMEs), small enterprises (SMEs), and corporate entities. Aditya Birla Finance NCD IPO falls into the ‘Upper Layer’ NBFC category as per the scale-based regulatory framework introduced by the RBI, effective from September 30, 2022.
Aditya Birla Finance’s product offerings can be broadly classified into four distinct categories:
- Corporate/Midmarket Category: This category extends financial support to corporates across various sectors, encompassing capital expenditure and working capital funding, structured financing, developer financing, and project financing.
- Secured Business Category: Designed for business owners and self-employed professionals engaged in small to mid-sized enterprises, this category includes loans against property, working capital loans, lease rental discounting, and loans against securities.
- Unsecured Business Category: Tailored for SMEs and MSMEs, this category features business loans, supply chain finance, a business-to-business digital platform known as “Udyog Plus,” and business overdraft facilities.
- Personal and Consumer Category: This category addresses the financial needs of individuals, small business owners, and micro-enterprises, offering personal loans, consumer loans, check-out financing, and credit card services.
Aditya Birla Finance NCD IPO Limited continues to be a prominent player in the financial services sector, serving a diverse clientele with a comprehensive suite of financial solutions.
The AUM of the Company stood at ₹85,891.2 crore as of June 30, 2023, with over 59,14,504 customers.
Aditya Birla Finance NCD IPO September 2023 Detail
| Issue Open | September 27, 2023 – October 12, 2023 |
| Security Name | Aditya Birla Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | IND AAA Outlook Stable by India Ratings and [ICRA]AAA (Stable) by ICRA |
NCD Rating
The NCDs proposed to be issued pursuant to this Issue have been rated IND AAA Outlook Stable by India Ratings & Research Private Limited, and rated [ICRA]AAA (Stable) by ICRA Limited.
Company Promoters
Aditya Birla Capital is the company’s promoter.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 50,755.20 | 56,969.20 | 84,122.80 |
| Revenue | 5,528.00 | 5,796.90 | 8,267.70 |
| Profit After Tax | 768.80 | 1,108.30 | 1,553.80 |
| Net Worth | 8,965.90 | 9,968.90 | 11,530.70 |
Purpose of the Offering
The company plans to allocate the net proceeds generated from the offering for the following purposes:
- Extending further loans, providing financing, and covering the repayment of both interest and principal amounts on the company’s existing borrowings.
- Fulfilling general corporate requirements and objectives.
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