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Indiabulls Consumer Finance Limited NCD (Indiabulls NCD Feb 2019) Detail

Feb 4, 2019 - Mar 1, 2019

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.

Indiabulls NCD Feb 2019 Detail

Issue OpenFeb 4, 2019 - Mar 1, 2019
Security NameIndiabulls Consumer Finance Limited
Security TypeSecured, 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 PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

Company Promoters

The promoter of the company is Indiabulls Ventures Limited.

Objects of the Issue:

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.

Ratings

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.

Offerings

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.

Indiabulls NCD Feb 2019 Prospectus

Indiabulls NCD Feb 2019 Rating

39
3.7
Rating:Rated 3.7 stars

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Indiabulls NCD Feb 2019 Reviews

Company Contact Information

Indiabulls Consumer Finance Limited
Indiabulls House,
Indiabulls Finance Centre, Senapati Bapat Marg,
Elphinstone Road, Mumbai 400 013

Phone: +91 22 6189 1000
Email: helpdesk@indiabulls.com
Website: http://www.indiabullsconsumerfinance.com/

Indiabulls NCD Feb 2019 Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: icfl.ncd1@karvy.com
Website: https://karisma.karvy.com/

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1 Comments

avatar
1. IPO Ride  Mar 12, 2019 15:43 Reply
Why NCD launch Price is lesser than Unit Price?
Ex. Recently Indiabulls Consumer launched NCD (Rs 1000/- per unit) and its appeared in demat account on very first day at less price (Rs 950/- per Unit). What's the reason behind this
avatar
2.1. Iposuggestion  Apr 16, 2019 10:48
It has listed at discount. no need to worry will get above listing in few year



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