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

May 30, 2019 - Jun 21, 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 May 2019 Detail

Issue OpenMay 30, 2019 - Jun 21, 2019
Security NameIndiabulls Consumer Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 1,000.00 Crores
Issue Size (Shelf)Rs 3,000.00 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 by CARE and BWR AA+ by Brickwork Ratings
Tenor400 days/ 24 months /36 months/ 60 months
Series

Series I to Series IX

Payment FrequencyMonthly and Annual
Basis of AllotmentPriority 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 NA Annually NA Monthly Annually NA Monthly Annually NA
Tenor 400 days 24 months 24 months 36 months 36 months 36 months 60 months 60 months 60 months
Coupon Rate NA 10.27% NA 9.95% 10.41% NA 10.13% 10.61% NA
Amount on Maturity ₹1,110.10 ₹1,000 ₹1,215.83 ₹1,000 ₹1,000 ₹1,345.94 ₹1,000 ₹1,000 ₹1,655.83

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated CARE AA; Stable (pronounced as Double A; Outlook: Stable), for an amount of ₹30,000 million by CARE Ratings Limited vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of ₹30,000 million by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19 dated January 4, 2019 and instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Company Promoters

Indiabulls Ventures Limited is the promoter of the company.

Objects of the Issue:

The Company proposes to utilise the funds which are being raised through the Tranche II Issue, after deducting the Tranche II Issue related expenses to the extent payable by the Company ("Net Proceeds"), towards funding the following objects (collectively referred to herein as the "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 May 2019 Prospectus

Indiabulls Consumer NCD May 2019 Rating

17
4.2
Rating:Rated 4.2 stars

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Indiabulls Consumer NCD May 2019 Listing Date

  •   ›  Listing Date: Monday, July 1, 2019
  •   ›  BSE Script Code:
  •   ›  NSE Symbol:
  •   ›  Listing In:
  •   ›  ISIN:
  •   ›  Issue Price:
  •   ›  Face Value: Rs 1000 each NCD

Indiabulls Consumer NCD May 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 Consumer NCD May 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

acp
1. acp  Jul 2, 2019 09:50 Reply
can any help me to know what is NCD ?????



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