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Indiabulls Housing Finance Limited NCD (Indiabulls Housing Fin. Tranche V NCD Jan 2024) Detail

March 5, 2024 - March 19, 2024
Indiabulls Housing Finance Limited Logo

Indiabulls Housing Finance Limited was established in 2005 and provides mortgage finance services. It is a non-deposit-taking housing finance company ("HFC") registered with the NHB.

Indiabulls Housing Finance Limited is one of India's largest housing finance companies and the flagship company of the Indiabulls Group. The company offers home loans and loans against property to (i) salaried, (ii) self-employed, (iii) micro, small and medium enterprises ("MSMEs") and (iv) corporates. It also offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction loans for the construction of residential buildings.

As of December 31, 2023, the company had a network of 217 branches across India. As of December 31, 2023, the company employed 1,589 people in direct sales on a consolidated basis. As at March 31, 2023, housing and non-housing loans were 57% and 43% respectively.

The company has a long-term credit rating of "AA; Outlook Stable" from CRISIL and ICRA, "AA; Outlook Negative" from CARE Ratings, and "AA+; Outlook Stable" from Brickwork Ratings for non-convertible debentures and a subordinated debt program.

Indiabulls Housing Fin. Tranche V NCD Jan 2024 Detail

Issue Open March 5, 2024 - March 19, 2024
Security Name Indiabulls Housing Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Oversubscription)Rs 100.00 Crores
Tranche Issue SizeRs 200.00 Crores
Issue Size (Shelf) Rs 2,000.00 Crores
Tranche NumberV
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 “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited.
Tenor 24, 36, 60, 84 and 120 Months
Series Series I to XII
Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture Trustee/sIdbi Trusteeship Services Ltd.

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 30%
Non-Institutional 10%
HNI 30%
Retail 30%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 300,000
Non-Institutional 100,000
HNI 300,000
Retail 300,000
Total NCD's 1,000,000

Indiabulls Housing Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10Series 11Series 12
Frequency of Interest PaymentAnnualMonthlyCumulativeAnnualMonthlyCumulativeAnnualMonthlyAnnualMonthlyAnnualMonthly
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 Months24 Months24 Months36 Months36 Months36 Months60 Months60 Months84 Months84 Months120 Months120 Months
Coupon (% per Annum)9.65%9.25%NA9.90%9.48%NA10.15%9.71%10.50%10.03%10.75%10.25%
Effective Yield (% per Annum)9.65%9.65%9.65%9.90%9.90%9.90%10.15%10.15%10.50%10.50%10.74%10.75%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,202.32Rs 1,000.00Rs 1,000.00Rs 1,327.38Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook.

Company Promoters

The Company has no identifiable promoters and is a professionally managed company.

Company Financials

Indiabulls Housing Finance Limited Financial Information (Restated Consolidated)

Indiabulls Housing Finance Limited's revenue decreased by -2.98% and profit after tax (PAT) dropped by -4.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets74,945.2481,973.3293,239.03
Revenue8,725.798,993.9010,030.12
Profit After Tax1,127.681,177.741,201.59
Reserves and Surplus18,353.7517,678.3417,255.64
Amount in ₹ Crore

Objects of the Issue

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. For onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
  2. General corporate purposes.

Indiabulls Housing Fin. Tranche V NCD Jan 2024 Prospectus

Indiabulls Housing Fin. Tranche V NCD Jan 2024 Subscription Status

The Indiabulls Housing Fin. Tranche V NCD Jan 2024 was subscribed 0.02 times on March 19, 2024 6:00:00 PM. The NCD subscribed 0.05 times in Retail, 0.00 times in HNI, 0.00 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)
Retail0.05x
HNI0.00x
Non-Institutional0.00x
Institutional0.00x
Total0.02x

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Indiabulls Housing Fin. Tranche V NCD Jan 2024 Rating

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Indiabulls Housing Fin. Tranche V NCD Jan 2024 Reviews

Company Contact Information

Indiabulls Housing Finance Limited
5th Floor, Building No. 27,
KG Marg Connaught Place,
New Delhi – 110 001

Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Website: https://www.indiabullshomeloans.com/

Indiabulls Housing Fin. Tranche V NCD Jan 2024 Registrar

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

Phone: 04067162222, 04079611000
Email: ibhl.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/


4 Comments

4. ParthG   I Like It. |Report Abuse|  Link|March 20, 2024 10:02:05 AMReply
When is the allotment?
3. Squareb   I Like It. |Report Abuse|  Link|March 15, 2024 2:56:06 PMReply
Kindly update subscription figures @chittorgarh admin
2. Aditya   I Like It. |Report Abuse|  Link|March 13, 2024 12:46:27 PMReply
Sir Subscription Figures are not getting updated.
If possible, do the needful.
BSE website showing correct sub. figures as of now.
1. Squareb   I Like It. |Report Abuse|  Link|March 7, 2024 11:49:30 AMReply

Hello esteemed members,
Your views on this NCD ?

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