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

May 30, 2019 - June 21, 2019
Indiabulls Consumer Finance Limited 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 May 2019 Detail

Issue Open May 30, 2019 - June 21, 2019
Security Name Indiabulls Consumer Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 1,000.00 Crores
Issue Size (Shelf) Rs 3,000.00 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 CARE AA/Stable, BWR AA+/Stable
Tenor 400 days/ 24 months /36 months/ 60 months

Series I to Series IX

Payment Frequency Monthly and Annual
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 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 Rs 1,110.10 Rs 1,000 Rs 1,215.83 Rs 1,000 Rs 1,000 Rs 1,345.94 Rs 1,000 Rs 1,000 Rs 1,655.83

NCD Rating

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 Rs 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 Rs 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 Subscription Status

The Indiabulls Consumer NCD May 2019 was subscribed 0.30 times on June 21, 2019 6:00:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 40.80x
Category 30.20x
Category 2 (NII)0.01x
Category 1 (QIB)0.00x

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Indiabulls Consumer NCD May 2019 Rating

Rating:Rated 4.1 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

Indiabulls Consumer NCD May 2019 Registrar

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

Phone: 04067162222, 04079611000


1. acp     Link|July 2, 2019 9:50:13 AM
can any help me to know what is NCD ?????

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