[.]| Listing at BSE, NSE | Mon, Apr 3, 2023 - Wed, Apr 19, 2023
Indiabulls Commercial Credit Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹1,000.00 Cr with a base issue size of ₹200.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Indiabulls Commercial Credit Ltd. NCD issue opens on Apr 3, 2023 and closes on Apr 19, 2023. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from 9.57% per annum to 10.50% per annum, depending on the series and tenure selected.
The NCD has been rated: .
Edelweiss Financial Services Ltd. is the Lead Manager to the issue, Beacon Trusteeship Ltd. is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document and Shelf Prospectus for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Mon, Apr 3, 2023
Close Date
Wed, Apr 19, 2023
Issue Size (Overall)
[.]
Indiabulls Commercial Credit Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 10.00% | 9.57% | NA | 10.25% | 9.80% | NA | 10.50% | 10.03% |
| Effective Yield (% per Annum) | 9.98% | 9.99% | 10.00% | 10.23% | 10.24% | 10.25% | 10.49% | 10.50% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,201.55 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,322.30 | Rs 1,000.00 | Rs 1,000.00 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 16,387.30 | 2,191.28 | 19.81 | 4,406.95 |
| 31-Mar-21 | 15,873.26 | 1,632.94 | 139.04 | 4,553.20 |
| 31-Mar-22 | 13,143.65 | 1,841.88 | 508.22 | 5,064.84 |
| Amount in ₹ Crore | ||||
Indiabulls Housing Finance Limited is the promoter of the company.
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 30.00% | 3,00,000 |
| Non-Institutional | 10.00% | 1,00,000 |
| HNI | 30.00% | 3,00,000 |
| Retail | 30.00% | 3,00,000 |
| Total | 100.00% | 10,00,000 |
Incorporated in 2006, Delhi-based Indiabulls Commercial Credit Limited (ICCL) is a non-deposit-taking NBFC. It is a 100% subsidiary of Indiabulls Housing Finance Limited (IHFL), which itself rules as one of the largest housing finance companies in India.
The company is also a notified financial institution under the SARFAESI Act.
The company's primary focus is on long-term secured mortgage-backed loans. The offerings of the company can be categorized as:
The customers of the company include salaried and self-employed individuals and small and medium businesses.
ICCL has a pan-India presence with offices in Tier I, Tier II, and Tier III cities. The company has a sales team of over 3,500 employees.
Now, the company is preparing to list its debt securities on the mainboard exchange and offer an additional opportunity for investment to investors.
The company proposes to utilise the funds towards funding the following objects:
[Dilip Davda] While we are witnessing a surge in the interest rates globally, on the domestic front too, such trends are likely and amidst such a scenario, this attractive offer with lucrative rates and AA/Stable rating may be considered for medium to long-term steady income plans by the investors looking for regular income. Read detail review...
The Indiabulls Commercial Credit NCD April 2023 was subscribed 1.23 times on Apr 19, 2023 17:00. The NCD subscribed 2.01 times in Retail, 0.17 times in HNI, 5.77 times in Non-Institutional, and 0.00 times in Institutional category.
Indiabulls Commercial Credit Ltd.
5th Floor, Building No. 27,
KG Marg, Connaught Place,
New Delhi-110001
New Delhi, New Delhi, 110001
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Indiabulls Commercial Credit Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
