Sammaan Capital , formerly known as Indiabulls Housing Finance, has successfully raised $300 million through its first international bond issuance since rebranding. The three-year bond, offered to overseas investors at an interest rate of 8.95%, marks a significant milestone for the housing finance company and represents the first high-yield issue from India in the current fiscal year.

Diversifying Funding Sources

CEO Gagan Banga highlighted that this fundraising initiative is part of the company's strategy to diversify its funding base. With this latest bond issue, international sources now account for 10% of Sammaan Capital's total funding. The company aims to further expand its overseas borrowings, targeting a range of 10-15% of its total funding mix.

Future Funding Plans

In line with its expansion strategy, Sammaan Capital has ambitious plans for the near future:

• The company intends to raise an additional $500 million loan from a multilateral agency within the next 12 months.
• This move is expected to help achieve the target of 10-15% overseas borrowings in the company's funding portfolio.

Company Overview

Sammaan Capital, a mortgage-focused Non-Banking Financial Company (NBFC), currently manages a substantial portfolio:

• Total assets under management: ₹63,000 crore
• Total liabilities: ₹50,000 crore
• Operational presence: Over 220 branches across India

The company specializes in offering home loans in the affordable housing segment and provides working capital loans to small businesses.

Bond Issue Details

This successful bond issuance demonstrates Sammaan Capital's strong position in the market and its ability to attract international investors. The company's focus on diversifying its funding sources and expanding its overseas borrowings indicates a strategic approach to strengthen its financial position and support its growth objectives in the housing finance sector.

Recent Financial Compliance

As per the latest LODR (Listing Obligations and Disclosure Requirements) data, Sammaan Capital has maintained its commitment to financial transparency and timely payments. The company recently made timely interest payments on various Secured Redeemable Non-Convertible Debentures issued through public offerings. This adherence to regulatory requirements underscores Sammaan Capital's financial discipline and reliability in meeting its debt obligations.

The successful international bond issue, coupled with the company's consistent financial performance and compliance, positions Sammaan Capital favorably in the competitive housing finance market. As the company continues to expand its funding sources and strengthen its market presence, it remains an entity to watch in India's financial sector.

Sammaan Capital Limited (formerly known as Indiabulls Housing Finance Limited) has reported robust financial results for the first quarter of fiscal year 2026, along with several strategic initiatives aimed at strengthening its market position and operational efficiency.

Financial Highlights

Sammaan Capital's Q1 FY '26 performance showcased significant growth and stability:

The company's Net Worth increased from INR 21,822.00 crore at the end of FY '25.

The company's asset quality remained robust with gross Non-Performing Assets (NPAs) at 1.50% and net NPAs at 0.80%.

Strategic Initiatives

Sammaan Capital announced several key strategic moves:

1. Digital Transformation: Implementation of an End-to-End Online Loan Fulfillment system, enhancing efficiency in loan processing and customer onboarding.

2. Expansion of Co-lending Partnerships: Collaboration with 24 banks and financial institutions, positioning itself as one of the largest loan originators in the country.

3. Sammaan Finserve Restructuring: Plans to bring in a strategic equity partner for its subsidiary, Sammaan Finserve, within the next 9 months.

4. Organizational Changes: Appointment of a Deputy CEO within the next 3 weeks, along with a strategic reorganization of top management.

5. Asset-Light Strategy: Continued focus on an asset-light model, leveraging co-lending partnerships and loan sell-downs to scale its retail origination platform efficiently.

Future Outlook

Gagan Banga, Vice Chairman, Managing Director, and CEO of Sammaan Capital, expressed optimism about the company's future:

"We are confident that our strategic initiatives, including the digital transformation and expansion of co-lending partnerships, will drive growth and enhance our market presence. Our focus remains on maintaining robust asset quality while expanding our AUM through our asset-light model."

The company aims to achieve low-teens Return on Equity (ROE) by fiscal year 2027, maintaining a moderate gearing ratio of 2-2.5x.

Legacy Loan Book Management

Sammaan Capital continues to efficiently manage its legacy loan book:

• Projected collections of INR 6,000.00-7,000.00 crore in the first half of FY '26
• Expected rundown of INR 8,000.00 crore for the full year
• Legacy AUM reduced to approximately INR 23,000.00 crore

The company remains committed to resolving the legacy book while focusing on growth in its retail business.

With these strategic moves and strong financial performance, Sammaan Capital is well-positioned to capitalize on market opportunities and drive sustainable growth in the coming quarters.