Sammaan Capital is a listed, RBI-regulated non-banking finance company (NBFC) focused primarily on mortgage lending and affordable housing finance in India. It is the rebranded avatar of Indiabulls Housing Finance Limited.

1. Basic profile

- Type: Public NBFC (Investment & Credit Company – NBFC‑ICC), “upper-layer” as per RBI’s scale-based framework (economictimes.indiatimes.com)

- Earlier name: Indiabulls Housing Finance Ltd (IBHFL) – name changed to Sammaan Capital Limited in July 2024 after fresh NBFC‑ICC registration from RBI and new Certificate of Incorporation from RoC (financialexpress.com)

- Business focus: Mortgage-focused NBFC – retail home loans, affordable housing, and mortgage-backed loans to MSMEs/small businesses (bfsi.economictimes.indiatimes.com)

- Listings / symbol: Traded on NSE and BSE under the scrip code SAMMAANCAP (economictimes.indiatimes.com)

- Regulator: Reserve Bank of India (RBI); earlier regulated as a housing finance company by NHB before sectoral harmonisation (en.wikipedia.org)

(Live share price is not provided here; you can check “SAMMAANCAP” on NSE/BSE.)

2. History and rebranding

- Originally part of the Indiabulls group; the housing finance arm took shape in the 2000s and was registered as a housing finance institution in 2005. (en.wikipedia.org)

- Grew to become one of India’s largest mortgage-focused NBFCs, with nationwide presence and strong retail housing loan book. (arihantcapital.com)

- In FY24, after conversion from a housing finance company to an NBFC‑ICC and fresh RBI registration, the company rebranded to Sammaan Capital Limited. The change in name and symbol took effect on the exchanges in 2024. (financialexpress.com)

3. Business model and products

- Core products:

- Affordable home loans (main focus)

- Loan Against Property (LAP) and other mortgage-backed loans

- Loans to MSMEs/small businesses secured against property (bfsi.economictimes.indiatimes.com)

- Origination model:

- The company is shifting to an “asset-light” retail model – originating loans and then co‑lending or selling down portfolios to banks and other financial institutions rather than holding everything on its own balance sheet. (financialexpress.com)

- Footprint:

- 200+ branches nationwide, with focus on affordable housing in smaller towns and MSME borrowers. (bfsi.economictimes.indiatimes.com)

4. Recent strategic developments

- IHC investment / change in control:

- Abu Dhabi–based International Holding Company (IHC) has agreed to acquire ~40–45% stake in Sammaan Capital for about $1 billion (~₹8,850 crore), making it one of the largest foreign investments into an Indian NBFC. (timesofindia.indiatimes.com)

- Post this deal, IHC becomes the controlling shareholder; management has indicated that this capital will be used to scale up and move towards becoming a broader, full‑service finance company beyond pure housing finance. (m.economictimes.com)

- Growth plans:

- Management commentary (2024–25) indicates targets such as ramping up affordable housing loans, aggressively opening branches (especially in Tier‑2/3 locations), and aiming for AUM of around ₹1 lakh crore (₹1 trillion) by FY27. (reuters.com)

- Funding & capital markets activity:

- Has raised overseas funds, including a $300 million, 3‑year bond issue to international investors, to diversify and strengthen its funding base. (economictimes.indiatimes.com)

5. Financial and risk profile (overview, not live data)

- Recent disclosures highlight:

- Improving capital adequacy (mid‑20s %; comfortably above the 15% regulatory requirement for NBFCs) and rising net worth, partly due to run‑down of legacy wholesale/old loan books and better recoveries. (bfsi.economictimes.indiatimes.com)

- Focus on reducing Stage 2/3 and NPA loans, with commentary that asset‑quality indicators are at the best levels in several years (as of FY24–H1 FY25). (bfsi.economictimes.indiatimes.com)

- Example (not live advice):

- An equity analyst evaluating Sammaan Capital today would typically track: capital adequacy, GNPA/NNPA trends, provisioning coverage, retail vs wholesale book mix, cost of funds, and how quickly the asset‑light/co‑lending model is scaling up.

6. Key risks / points an investor should track

(For information only – not a recommendation)

- Legacy issues and legal overhang:

- The company, as the successor to Indiabulls Housing, carries legacy loan books and past allegations. In November 2025, the Supreme Court directed the CBI to file an FIR in a matter involving the company; the stock fell sharply (~14%) on that news. (m.economictimes.com)

- Outcome of investigations and any regulatory action is a material risk factor.

- Concentration in mortgage/MSME segment:

- Business is still heavily mortgage‑centric; performance is sensitive to real estate cycles, property prices, and borrower cash flows in MSME segment. (bfsi.economictimes.indiatimes.com)

- Execution of new growth strategy:

- Successful integration of IHC as strategic investor, branch expansion, and maintaining asset quality while growing affordable housing/SME books are key execution challenges. (reuters.com)

7. Where to read more

You can refer to:

- Company’s official site (search for “Sammaan Capital official website”) – investor presentations, annual reports, and press releases. (en.wikipedia.org)

- NSE/BSE pages for SAMMAANCAP – for latest price, filings, and corporate announcements. (economictimes.indiatimes.com)

If you have any further queries, please connect with us on 022-6290-10141 (Timings : 09.00 AM to 05.00 PM) or you can email us on info@cniinfoxchange.com