Indiabulls Housing Finance Ltd (IHFL) is the second largest housing finance company in the enjoying investors and users trust. The company is a non-deposit taking HFC registered with the NHB. We are also a notified financial institution under the SARFAESI Act. It focuses primarily on long-term secured mortgage-backed loans.
It also offers housing loans and loans against property to its target client base of salaried and self-employed individuals and small and medium-sized enterprises and also offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises. The majority of IHFL's assets under management ("AUM") comprise housing loans, including in the affordable housing segment.
Company Promoters:The promoters of the company are:
1. Mr. Sameer Gehlaut
Objects of the Issue:The object of the issue are:
1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
2. General corporate purposes.
»» Issue Open: Sep 15, 2016 - Sep 23, 2016
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: 70,000,000 NCD's of Rs. 1000
»» Issue Size: Rs. 7,000.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 10 NCD
»» Minimum Order Quantity: 10 NCD
»» Listing At: BSE
Coupon rates are ranging from 8.55 per cent to 9.15 per cent. Tenures are 3 years, 5 years and 10 years.
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