Indiabulls Housing Finance Limited NCD (Indiabulls Housing Finance NCD Mar 2022) Detail

Mar 30, 2022 - Apr 22, 2022
Indiabulls Housing Finance Limited Logo

Incorporated in 2005, the company engages in providing mortgage lending services. Indiabulls Housing Finance Limited is one of the largest housing finance company in India and is the flagship company of Indiabulls Group. The company offers various services like Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans among others. As of December 31, 2021, the company has 141 offices spread across 95 cities, a direct sales team of over 1,659 employees, and 1 million-plus customers all over India.

The company offers quick, convenient, and competitively priced home loans, mortgage-backed finance, housing loans, loan against property, and corporate mortgage loans such as lease rental discounting and residential construction finance.

Indiabulls Housing Finance NCD Mar 2022 Detail

Issue Open Mar 30, 2022 - Apr 22, 2022
Security Name Indiabulls Housing Finance Limited
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 CRISIL AA/Stable and BWR AA+/Stable
Tenor 24, 36 and 60 months

Series I to VIII

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

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

Coupon Rates for Each Series

Nature Secured NCDs
Tenure 24 months 24 months 24 Months 36 months 36 months 36 months 60 months 60 months
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Monthly
Minimum Application 10,000 (10 NCDs)
In Multiples of 1 NCD after minimum application
Face Value of NCDs (Rs /NCD) Rs 1000 (1 NCD)
Issue Price (Rs /NCD) Rs 1000 (1 NCD)
Mode of Interest Payment/Redemption Through various modes available
Coupon (% per annum) for NCD Holders in Category I & II 8.35% NA 8.05% 8.50% NA 8.20% 8.75% 8.43%
Coupon (% per annum) for NCD Holders in Category III & IV 8.75% NA 8.42% 9.00% NA 8.66% 9.25% 8.89%
Coupon Type NA
Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category I & II (%) 1,000 1,174.25 1,000 1,000 1,277.60 1,000 1,000 1,000
Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category III & IV (%)  1,000  1,182.95  1,000  1,000  1,295.35   1,000  1,000  1,000
Effective Yield for NCD Holders in Category I & II (%)  8.34%  8.35%  8.36%  8.49%  8.50%  8.51%  8.74%  8.76%
Effective Yield for NCD Holders in Category III & IV(%) 8.74% 8.75% 8.75% 8.99% 9.00% 9.01% 9.24% 9.26%
Put and Call Option NA

NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable" by CRISIL Ratings Limited and BWR AA+/Stable by Brickwork Ratings Private Limited with such ratings are considered to have a stable outlook.

Company Promoters

Mr. Sameer Gehlaut is the company promoter.

Company Financials

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Crore)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 93,237.87 102,872.03 130,103.92
Total Revenue 10,030.12 13,223.23 17,027.04
Profit After Tax 1,201.59 2,165.92 4,057.79

Objects of the Issue

The NCD purposes to raise funds for the following purposes;

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

Indiabulls Housing Finance NCD Mar 2022 Prospectus

Indiabulls Housing Finance NCD Mar 2022 Subscription Status

The Indiabulls Housing Finance NCD Mar 2022 was subscribed 1.53 times on Apr 22, 2022 5:00:00 PM. The NCD subscribed 2.92 times in Retail, 1.32 times in HNI, 2.54 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)

Check Day by Day Bidding Details

Indiabulls Housing Finance NCD Mar 2022 Rating

Rating:Rated 3.3 stars
Vote Here ...

Indiabulls Housing Finance NCD Mar 2022 Reviews

Company Contact Information

Indiabulls Housing Finance Limited
M 62&63, First Floor,
Connaught Place,
New Delhi – 110 001, Delhi

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

Indiabulls Housing Finance NCD Mar 2022 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://karisma.kfintech.com/


2. Kalpesh Modi     Link|Apr 4, 2022 5:09:43 PM
To apply u can contact me on 800 and 303 ; 4four four 4
2.1. Ashok Kumar     Link|Jun 27, 2022 10:58:26 PM
I want to purchase bonds having security ratings AAA OR AA and coupon rate like India Bulls. Please inform me and enlighten me as and when the occasion arises. Please inform me the terms and conditions and your service charges as well. Thanks .
1. Himanshu Sharma     Link|Apr 1, 2022 12:26:36 PM
1.3. Himanshu Sharma     Link|Apr 6, 2022 1:30:14 PM
Thanks Vimal. I had applied through on 6th. But it has been oversubscribed, so seems less likely to get an allotment.
1.4. Kalpesh Modi     Link|Apr 10, 2022 12:13:45 PM
If u like to apply u can apply thru me i m registered broker and i will let u know more ncds and bonds details