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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.
| Issue Open | January 5, 2023 - January 27, 2023 |
| Security Name | Indiabulls Commercial Credit Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 1,000.00 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 |
| Credit Rating | CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA/ Stable by ICRA Limited. |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to VIII |
| Payment Frequency | Annual, Cumulative and Monthly |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 300,000 |
| Non-Institutional | 100,000 |
| HNI | 300,000 |
| Retail | 300,000 |
| Total NCD's | 1,000,000 |
Coupon Rates
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Monthly |
| Nature | Secured | |||||||
| Tenor | 24 months | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months |
| Coupon Rate (Retail) | 9.80% | NA | 9.40% | 10.05% | NA | 9.61% | 10.30% | 9.85% |
| Effective Yield (% per Annum) | 9.79% | 9.80% | 9.80% | 10.04% | 10.05% | 10.04% | 10.29% | 10.30% |
| Amount on Maturity | Rs 1,000 | Rs 1,197.15 | Rs 1,000 | Rs 1,000 | Rs 1,315.10 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
The NCDs proposed to be issued under this Issue have been rated "CRISIL AA/Stable" (pronounced as CRISIL double A rating with stable outlook) by CRISIL Ratings and "[ICRA]AA (Stable)" (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited. Instruments with this rating are considered to have high degree of safety.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 16387.3 | 2191.28 | 19.81 | 4406.95 |
| 31-Mar-21 | 15873.26 | 1632.94 | 139.04 | 4553.2 |
| 31-Mar-22 | 13143.65 | 1841.88 | 508.22 | 5064.84 |
| Amount in ₹ Crore | ||||
The Company proposes to utilize the funds to be raised through this Tranche I Issue towards funding the following objects:
The Indiabulls Commercial Credit NCD January 2023 was subscribed 1.23 times on January 27, 2023 5:00:00 PM. The NCD subscribed 2.19 times in Retail, 0.11 times in HNI, 5.37 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.19x |
| HNI | 0.11x |
| Non-Institutional | 5.37x |
| Institutional | 0.00x |
| Total | 1.23x |
11 3.5 Rating:  Vote Here ... |
Indiabulls Commercial Credit Limited
5th Floor, Building No. 27,
KG Marg, Connaught Place,
New Delhi-110001
Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Website: http://www.indiabullscommercialcredit.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: iccl.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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