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

Jul 31, 2019 - Aug 30, 2019
Indiabulls Consumer Finance Ltd Logo

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 Open Jul 31, 2019 - Aug 30, 2019
Security Name Indiabulls Consumer Finance Ltd
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 900.00 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 CARE AA/Stable, BWR AA+/Stable
Tenor 400 days/ 24 months/ 36 months/ 60 months

Series I to Series IX

Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 20%
Category 2 20%
Category 3 30%
Category 4 30%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 200,000
Category 2 200,000
Category 3 300,000
Category 4 300,000
Total NCD's 1,000,000

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 Rs 1,110.10 Rs 1,000 Rs 1,212.52 Rs 1,000 Rs 1,000 Rs 1,340.46 Rs 1,000 Rs 1,000 Rs 1,648.35

NCD Rating

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 Subscription Status

The Indiabulls Consumer NCD July 2019 is subscribed 0.94x times on Aug 30, 2019 6:56:00 PM. The ncd subscribed 1.79x times in the retail category, 0.00x times in the QIB category, and 1.01x times in the NII category.

Category ?Subscription (times)
Category 1 (QIB)0.00x
Category 2 (NII)1.01x
Category 31.79x
Category 40.66x

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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

Indiabulls Consumer NCD July 2019 Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000