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Indiabulls Consumer Finance Ltd NCD (Indiabulls Consumer NCD July 2019) Detail

Jul 31, 2019 - Aug 30, 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.

The competitive strengths of the company are:

1. Pan India presence
2. Strong brand recognition
3. Wide market reach
4. In-house loan monitoring and collections teams to monitor and check NPAs

Indiabulls Consumer NCD July 2019 Detail

Issue OpenJul 31, 2019 - Aug 30, 2019
Security NameIndiabulls Consumer Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 900.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit RatingCARE AA/Stable, BWR AA+/Stable
Tenor400 days/ 24 months/ 36 months/ 60 months
Series

Series I to Series IX

Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)20%
Category 2 (NII)20%
Category 3 (HNI)30%
Category 4 (RII)30%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)200,000
Category 2 (NII)200,000
Category 3 (HNI)300,000
Category 4 (RII)300,000
Total NCD's1,000,000

Coupon Rates

Coupon rates for series 1 to 9

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9
Frequency of Interest Payment Cumulative Annually Cumulative Monthly Annually Cumulative Monthly Annually Cumulative
Tenor 400 days 24 months 24 months 36 months 36 months 36 months 60 months 60 months 60 months
Coupon Rate NA 10.12% NA 9.81% 10.27% NA 10.04% 10.52% NA
Amount on Maturity For NCDs ₹1,110.10 ₹1,000 ₹1,212.52 ₹1,000 ₹1,000 ₹1,340.46 ₹1,000 ₹1,000 ₹1,648.35

NCD Rating Detail

The NCDs proposed to be issued under this Tranche III Issue have been rated CARE AA; Stable (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited

Company Promoters

Indiabulls Ventures Limited is the promoter of the company

Objects of the Issue:

The company proposes to utilise the funds for the following objects:

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.

Indiabulls Consumer NCD July 2019 Prospectus

Indiabulls Consumer NCD July 2019 Rating

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Indiabulls Consumer NCD July 2019 Reviews

Company Contact Information

Indiabulls Consumer Finance Ltd
Plot No. 249 D & E, Udyog Vihar,
Phase IV, Tower A,
Gurugram - 122 016

Phone: + 91 124 668 5899
Email: helpdesk@indiabulls.com
Website: https://www.indiabullsconsumerfinance.com/

Indiabulls Consumer NCD July 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: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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