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Indiabulls Housing Finance Limited NCD (Indiabulls Housing Finance Tranche II NCD Sep 2022) Detail

Sep 5, 2022 - Sep 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 companies 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 customer all over India.

Indiabulls Housing Finance Tranche II NCD Sep 2022 Detail

Issue Open Sep 5, 2022 - Sep 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 ICRA AA
Tenor 24, 36 and 60 months
Series

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

Options I II III IV V VI VII VIII
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 8.65% NA 8.33% 8.80% NA 8.47% 9.05% 8.70%
Coupon (% per annum) for NCD Holders in Category III & IV 9.05% NA 8.70% 9.30% NA 8.94% 9.55% 9.15%
Coupon Type NA
Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category I & II (%) 1,000 1,180.75 1,000 1,000 1,288.21 1,000 1,000 1,000
Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category III & IV (%) 1,000 1,189.47 1,000 1,000 1,306.07 1,000 1,000 1,000
Effective Yield for NCD Holders in Category I & II (%) 8.64% 8.65% 8.65% 8.79% 8.80% 8.79% 9.04% 9.05%
Effective Yield for NCD Holders in Category III & IV(%) 9.04% 9.05% 9.05% 9.29% 9.30% 9.31% 9.54% 9.54%
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 ICRA AA by ICRA Limited with such ratings considered to have a stable outlook.

Company Promoters

Mr. Sameer Gehlaut is the company promoter.

Company Financials

Indiabulls Housing Finance Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20102872.0313223.232165.92
31-Mar-2193239.0310030.121201.59
31-Mar-2281973.328993.91177.74
Amount in ₹ Crore

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 Tranche II NCD Sep 2022 Prospectus

Indiabulls Housing Finance Tranche II NCD Sep 2022 Subscription Status

The Indiabulls Housing Finance Tranche II NCD Sep 2022 is subscribed 1.21x times on Sep 22, 2022 5:00:00 PM. The ncd subscribed 0.38x times in the retail category, 0.00x times in the QIB category, and 0.60x times in the NII category.

Category ?Subscription (times)
Institutional0.00x
Non-Institutional0.60x
HNI0.38x
Retail3.45x
Total1.21x

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Indiabulls Housing Finance Tranche II NCD Sep 2022 Rating

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3.9
Rating:Rated 3.9 stars
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Indiabulls Housing Finance Tranche II NCD Sep 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 Tranche II NCD Sep 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 Comments

2. Santosh Pareek   I Like It. | Report Abuse |   Link | Sep 5, 2022 12:30:24 PM Reply
Indiabulls Housing Finance Limited NCD Virtual Analyst conference today, 5th September @4:30 Pm
Registration Link: https://us02web.zoom.us/webinar/register/WN_1gpvpWDiRKu_1FI1IKU13w
1. Lata Paliwal   I Like It. | Report Abuse |   Link | Sep 4, 2022 11:56:24 AM Reply
This is the company's fifth offer since September 2016. In line with debt market trends, the company has raised its interest rates slightly for this debt offering. While its debt offer is rated AA/Stable, declining bottom-line trends and rising NPAs remain major concerns. As a result, well-informed investors can park their money for a steady income.