Sammaan Capital Bonds
10 bonds issued by Sammaan Capital, listed across Indian platforms and sorted by yield to maturity (YTM). Compare YTM, coupon, tenure, credit rating and minimum investment.
About Sammaan Capital
Sammaan Capital Limited is a mortgage-focused NBFC, formerly Indiabulls Housing Finance Limited, which surrendered its housing finance licence and converted to an NBFC in June 2024. Housing loans make up roughly three-quarters of assets under management, with loan against property and wholesale real estate credit accounting for the remainder. The company is professionally managed following the promoter exit, with Gagan Banga as Managing Director and CEO. Its balance sheet has shrunk deliberately and substantially, from a peak of about Rs 1,39,320 crore in September 2018 to Rs 70,052 crore by June 2025, as it moves to an asset-light co-lending and sell-down model. Investors should note that FY25 was a loss-making year: a one-time provision of about Rs 1,700 crore against a legacy wholesale book produced a consolidated loss of Rs 1,807 crore, against a profit of Rs 1,217 crore in FY24, though the company returned to positive returns in the first quarter of FY26. Capitalisation remains strong and legacy wholesale exposure continues to be the main risk the rating agencies flag.
- AUM
- Rs 62,378 crore
- Gross NPA
- 1.45%
- Capital adequacy
- 35.8%
Figures as of 30 Jun 2025. Rated by CARE. Source: rating rationale, company filing.
Frequently asked questions
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Plan your bond ladderWho is Sammaan Capital?
Sammaan Capital Limited is a mortgage-focused NBFC, formerly Indiabulls Housing Finance Limited, which surrendered its housing finance licence and converted to an NBFC in June 2024. Housing loans make up roughly three-quarters of assets under management, with loan against property and wholesale real estate credit accounting for the remainder. The company is professionally managed following the promoter exit, with Gagan Banga as Managing Director and CEO. Its balance sheet has shrunk deliberately and substantially, from a peak of about Rs 1,39,320 crore in September 2018 to Rs 70,052 crore by June 2025, as it moves to an asset-light co-lending and sell-down model. Investors should note that FY25 was a loss-making year: a one-time provision of about Rs 1,700 crore against a legacy wholesale book produced a consolidated loss of Rs 1,807 crore, against a profit of Rs 1,217 crore in FY24, though the company returned to positive returns in the first quarter of FY26. Capitalisation remains strong and legacy wholesale exposure continues to be the main risk the rating agencies flag.
Is it safe to invest in Sammaan Capital bonds?
Sammaan Capital's listed bonds carry an AA+ credit rating from CARE; as of 30 Jun 2025 the company reported AUM of Rs 62,378 crore, gross NPA of 1.45% and capital adequacy of 35.8%. A credit rating measures the chance of default, not price stability, and corporate bonds are not covered by DICGC deposit insurance. Read the issuer's latest rating rationale before you invest.
What yield do Sammaan Capital bonds offer right now?
As of Sept 2026, the 10 listed Sammaan Capital bonds yield between 8.65% and 8.9% (average 8.8%), against roughly 6-7% on a comparable bank FD.