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Indiabulls Housing Finance Limited NCD (Indiabulls Housing Finance Tranche III NCD Oct2022) Detail

Oct 7, 2022 - Oct 28, 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 June 30, 2022, The company has a network of 162 branches spread across India which gives us a pan-India presence and allows us to interact with and service the customers. As of June 30, 2022, the company have a direct sales team of 1,912 employees who were located across the network.

Indiabulls Housing Finance Tranche III NCD Oct2022 Detail

Issue Open Oct 7, 2022 - Oct 28, 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 700.00 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

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Monthly
Nature Secured
Tenor 24 months 24 months 24 months 36 months 36 months 36 months 60 months 60 months
Coupon Rate (Retail) 9.05% NA% 8.70% 9.30% NA 8.94% 9.55% 9.15%
Effective Yield (% per Annum) 9.04% 9.05% 9.04% 9.29% 9.30% 9.31% 9.54% 9.54%
Amount on Maturity Rs 1,000 Rs 1,189.47 Rs 1,000 Rs 1,000 Rs 1,306.07 Rs 1,000 Rs 1,000 Rs 1,000

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 III NCD Oct2022 Prospectus

Indiabulls Housing Finance Tranche III NCD Oct2022 Subscription Status

The Indiabulls Housing Finance Tranche III NCD Oct2022 was subscribed 1.11 times on Oct 28, 2022 5:00:00 PM. The NCD subscribed 1.60 times in Retail, 0.21 times in HNI, 5.64 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ?Subscription (times)
Retail1.60x
HNI0.21x
Non-Institutional5.64x
Institutional0.00x
Total1.11x

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Indiabulls Housing Finance Tranche III NCD Oct2022 Rating

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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:
Website: https://www.indiabullshomeloans.com/

Indiabulls Housing Finance Tranche III NCD Oct2022 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/


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