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Indiabulls Commercial Credit Limited NCD (Indiabulls Commercial Credit NCD Sep 2018) Detail

Sep 11, 2018 - Sep 14, 2018

Incorporated in 2006, Mumbai based Indiabulls Commercial Credit Limited (ICCL) is a non-deposit taking NBFC. rIt is a 100% subsidiary of Indiabulls Housing Finance Limited (IHFL), one of the largest housing finance companies in India.

The company's primary focus is on long-term secured mortgage-backed loans. It offers loans against the property to salaried and self-employed individuals, small and medium-sized enterprises. It also offers mortgage loans to real estate developers in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises.

ICCL has a pan-India presence across with offices in Tier I, Tier II and Tier III cities. The company has a sales team of over 3,500 employees.

As of March 31, 2018, mortgage loans constitutes 98.21% of the company's Asset Under Management (AUM).

It has a diversified lender base including PSUs, private banks, provident funds, pension funds, and mutual funds.

The gross non-performing assets (NPAs) as a percentage of the AUM for fiscal 2018, 2017 and 2016 were 0.60%, 1.78%, and 2.25% respectively. The net NPAs as a percentage of the AUM for fiscal 2018, 2017 and 2016 was 0.40%, 1.34%, and 1.76%, respectively.

Indiabulls Commercial Credit NCD Sep 2018 Detail

Issue OpenSep 11, 2018 - Sep 14, 2018
Security NameIndiabulls Commercial Credit Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 2,000.00 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 Housing Finance Limited (IHFL). It was incorporated on May 10, 2005. IHFL, one of the largest housing finance company in India, focuses primarily on long-term secured mortgage-backed loans.

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 CRISIL/AAA-Stable by CRISIL and CARE/AAA-Stable by CARE. 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 8.57% to 0.20% depending on the tenures and the mode of interest payments are monthly, annual, cumulative as per investors choice.

Indiabulls Commercial Credit NCD Sep 2018 Prospectus

Indiabulls Commercial Credit NCD Sep 2018 Rating

15
3.8
Rating:Rated 3.8 stars

Vote Here ...

Indiabulls Commercial Credit NCD Sep 2018 Reviews

Company Contact Information

Indiabulls Commercial Credit Limited

Indiabulls Finance Centre, S. B. Marg,
Elphinstone Road, Mumbai 400 013

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

Indiabulls Commercial Credit NCD Sep 2018 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: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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4 Comments

avatar
4. Rohitjan  Sep 21, 2018 11:50 Reply
when is the allotment of NCD's
avatar
4.1. Vimal Garodia  Sep 25, 2018 13:13
Generally within 12 working days after the closing of the issue...
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4.2. Jaspreet Singh Oberoi  Sep 26, 2018 12:06
Allotment done. Incase allotted, you should have got SMS of NCD credit into demat today..
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3. satinder  Sep 21, 2018 16:28 Reply
May list at discount. Opportunity to add
avatar
2. AnkurGoel  Sep 17, 2018 16:16 Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
@Forum moderator, This NCD is already closed. So please change the closing date.
avatar
2.1. Navkant  Sep 17, 2018 16:19
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Issue closed on 14Sep after crossing 3X+ subscription.
avatar
1. vkvkgupta  Sep 10, 2018 19:41 Reply
Any views of this NCD? Comparing with FD rates of 6.5 % range, this looks lucrative.
avatar
5.1. AnkurGoel  Sep 12, 2018 09:26
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
AAA rated bonds with good corporate house. So you can invest moderately.
Go for 2-3 year maturity tenure.



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