[.]| Listing at BSE, NSE | Thu, Dec 9, 2021 - Fri, Dec 31, 2021
Indiabulls Housing Finance Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹800.00 Cr with a base issue size of ₹200.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
Indiabulls Housing Finance Ltd. NCD issue opens on Dec 9, 2021 and closes on Dec 31, 2021. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 1 NCD.
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
The NCD has been rated: .
Edelweiss Financial Services Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document and Shelf Prospectus for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Thu, Dec 9, 2021
Close Date
Fri, Dec 31, 2021
Issue Size (Overall)
[.]
| Series | 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 |
| Minimum Application | ₹ 10,000 (10 NCDs) across all Series | |||||||
| Face Value/ Issue Price of NCDs (₹/ NCD) | ₹ 1000 | |||||||
| In Multiples of thereafter (₹) | ₹ 1,000 (1 NCD) | |||||||
| Type of Instrument | Secured NCDs | |||||||
| Tenor | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| 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% |
| Effective Yield (per annum) for NCD Holders in Category I & II (%) | 8.35% | 8.35% | 8.36% | 8.49% | 8.50% | 8.51% | 8.75% | 8.76% |
| Effective Yield (per annum) for NCD Holders in Category I & II (%) | 8.75% | 8.75% | 8.75% | 8.99% | 9.00% | 9.00% | 9.24% | 9.26% |
| Mode of Interest Payment | Through various modes available | |||||||
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II | Rs 1,000.00 | Rs 1,174.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,277.60 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II | Rs 1,000.00 | Rs 1,182.70 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,295.35 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
| Maturity / Redemption Date (Years from the Deemed Date of Allotment) | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Put and Call Option | Not Applicable | |||||||
| Particulars | For the year/period ended (₹ in Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 932,378.70 | 10,28,720.30 | 13,01,039.20 | ||
| Total Revenue | 100,301.20 | 132,232.30 | 170,270.40 | ||
| Profit After Tax | 12,015.90 | 21,659.20 | 40,577.90 | ||
Mr. Sameer Gehlaut is the promoter of the company.
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 30.00% | 6,00,000 |
| Non-Institutional | 10.00% | 2,00,000 |
| HNI | 30.00% | 6,00,000 |
| Retail | 30.00% | 6,00,000 |
| Total | 100.00% | 20,00,000 |
Established in the year 2000, Indiabulls is one of the largest housing finance companies in India in terms of Assets Under Management (AUM). The company has a diversified financial portfolio with services offered in housing finance and loans against properties to salaried and self-employed individuals , and micro, small and medium-sized enterprises (MSMEs). The company also offers mortgage loans to real estate firms.
As of March 31, 2021, Housing loans and Non-housing loans make up 65% and 35% of Indiabulls consolidated AUM. The company has adopted a new strategy of an asset-light model of growth through collaboration with banks and credit funds. The company has a Pan-India presence with 135 offices in 92 cities. In terms of employee strength, the company has a direct sales team of over 1,496 employees. The company also relies on direct sales agents and an online platform for home loans called e-home loans for customer acquisition.The company proposes to utilise the funds which are being raised through the Issue
[Dilip Davda] Within three months, the company is coming out with its second debt issue in CY2021 and the third since September 2016. The company is offering same coupon rates with the same rating. Investors looking for regular returns for long term may consider investment in this lucrative debt issue. (May Apply). Read detail review...
The Indiabulls Housing NCD Dec 2021 was subscribed 2.84 times on Dec 31, 2021 17:00. The NCD subscribed 1.40 times in Retail, 1.05 times in HNI, 8.60 times in Non-Institutional, and 4.17 times in Institutional category.
Indiabulls Housing Finance Ltd.
M 62&63,First Floor
Connaught Place, New Delhi – 110 001
Delhi, India
Delhi, New Delhi, 110001
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem Indiabulls Housing Finance Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
