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Indiabulls Housing Finance Limited NCD (Indiabulls Housing Finance Tranche V NCD Mar 2023) Detail

March 3, 2023 - March 17, 2023
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 September 30, 2022, The company has a network of 164 branches spread across India, which gives us a pan-India presence and allows us to interact with and service the customers. As of September 30, 2022, the company have a direct sales team of 2,200 employees who were located across the network.

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 subordinated debt programme.

Indiabulls Housing Finance Tranche V NCD Mar 2023 Detail

Issue Open March 3, 2023 - March 17, 2023
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 by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited.

Tenor 24, 36, and 60 Months

Series I to VIII

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 0
Retail 0
Total NCD's 1,000,000

Indiabulls Housing Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Frequency of Interest PaymentAnnualMonthlyCumulativeAnnualMonthlyCumulativeAnnualQuarterly
Tenor24 Months24 Months24 Months36 Months36 Months36 Months60 Months60 Months
Coupon (% per Annum)9.65%9.25%NA9.90%9.48%NA10.15%9.71%
Effective Yield (% per Annum)9.64%9.64%9.65%9.88%9.89%9.90%10.14%10.15%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,193.85Rs 1,000.00Rs 1,000.00Rs 1,309.70Rs 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

Mr. Sameer Gehlaut is the promoter of the company.

Company Financials

Indiabulls Housing Finance Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilise the funds which are being raised through this Tranche V Issue towards funding the following objects:

  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 V NCD Mar 2023 Prospectus

Indiabulls Housing Finance Tranche V NCD Mar 2023 Subscription Status

The Indiabulls Housing Finance Tranche V NCD Mar 2023 was subscribed 1.99 times on March 17, 2023 5:00:00 PM. The NCD subscribed and 0.29 times in the Institutional category.

Category ?Subscription (times)

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Indiabulls Housing Finance Tranche V NCD Mar 2023 Rating

Rating:Rated 4.2 stars
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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

Indiabulls Housing Finance Tranche V NCD Mar 2023 Registrar

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

Phone: 04067162222, 04079611000


2. Vimal Garodia     Link|March 3, 2023 7:32:35 AM
Does anybody know where can i download and
send form 15G. Is it the registrar to the issue or the company issuing the NCD?
2.1. Vimal Garodia     Link|March 4, 2023 12:48:25 PM
Dear admin, can you please answer my queries or point to some source or website regarding for 15G?
2.2. Awadhesh Kumar     Link|March 16, 2023 8:57:33 PM
Where can I download and send form 15H.Please reply.
1. Karthick     Link|March 4, 2023 6:42:47 AM
With 10% TDS from 1st April 2023, NCDs are no longer attractive for the risk an investor takes

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