Incorporated in 1994, Mumbai based Indiabulls Consumer Finance Limited (ICFL) is a non-deposit taking NBFC. The company is a 100% subsidiary of Indiabulls Ventures Limited. It also has a product called 'Indiabulls Dhani', a completely online personal loan fulfilment offering.
IBCFL also offers business loans to small and medium businesses.
The company also offers online trading services. It has a client base of over 6 lacs customers. The company has a dedicated sales team of over 900 individuals in more than 18 cities. It also markets non-discretionary wealth management products through its subsidiaries.
|Issue Open||Feb 4, 2019 - Mar 1, 2019|
|Security Name||Indiabulls Consumer Finance Limited|
|Security Type||Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)|
|Issue Size (Base)||Rs 3,000.00 Crores|
|Issue Size (Shelf)||Rs [.] Crores|
|Issue Price||Rs 1000 per NCD|
|Face Value||Rs 1000 each NCD|
|Minimum Lot size||10 NCD|
|Market Lot||1 NCD|
|Listing At||BSE, NSE|
|Basis of Allotment|
The promoter of the company is Indiabulls Ventures Limited.
The objects 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.
This issue is rated CARE AA by CARE and BWR AA+ by Brickwork Ratings. The ratings of the NCDs indicate the highest degree of safety regarding timely servicing of financial obligations.
The company offers coupon rates ranging from 10.40% to 11% depending on the tenures of 26 months, 38 months and 60 months and the mode of interest payments are monthly, annual, cumulative as per investors choice.
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Indiabulls Consumer Finance Limited
Indiabulls Finance Centre, Senapati Bapat Marg,
Elphinstone Road, Mumbai 400 013
Phone: +91 22 6189 1000
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