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Indiabulls Housing Finance Limited NCD (Indiabulls Housing NCD Dec 2021) Detail

Dec 9, 2021 - Dec 31, 2021
Indiabulls Housing Finance Limited Logo

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.

Indiabulls Housing NCD Dec 2021 Detail

Issue Open Dec 9, 2021 - Dec 31, 2021
Security Name Indiabulls Housing Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 800.00 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 and BWR AA+/Stable by Brickwork
Tenor 24, 36, and 60Months
Series Series 1 to 8
Payment Frequency Monthly, Cumulative and Annually
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 600,000
Non-Institutional 200,000
HNI 600,000
Retail 600,000
Total NCD's 2,000,000

Coupon Rates for Eash Series

Mode of Interest PaymentThrough various modes available
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

NCD Rating

The issue have been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Stable” (“BWR double A plus with stable outlook) by Brickwork Ratings India Private Limited.

Company Promoters

Mr. Sameer Gehlaut is the promoter of the company.

Company Financials

Summary of financial Information
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

Objects of the Issue

The company proposes to utilise the funds which are being raised through the Issue

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

Indiabulls Housing NCD Dec 2021 Prospectus

Indiabulls Housing NCD Dec 2021 Rating

21
3.6
Rating:Rated 3.6 stars
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Indiabulls Housing NCD Dec 2021 Reviews

Company Contact Information

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

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

Indiabulls Housing NCD Dec 2021 Registrar

KFintech Private 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/


5 Comments

5. amit  Jan 4, 2022 11:47:57 AM I Like It. | Report Abuse Reply
whether allotment done ???
4. JMJ  Dec 24, 2021 2:44:40 PM I Like It. | Report Abuse Reply
Through SBI ASBA
3. Vimal  Dec 21, 2021 10:36:37 AM I Like It. | Report Abuse Reply
Dear admin, the issue has been extended upto 31st December, i think!!
2. RSRoyal  Dec 19, 2021 3:22:48 AM I Like It. | Report Abuse Reply
Be careful as ibf 1200 to 60 now 200
Gave lot of dividend to make weak base
Now no money no dividend
So many companies to give up loans at cheap rate
Ncd 7 to 9.25 from where while loans 7 to 8 so mismatch
Backlog heavy .,. So
1. Niks  Dec 15, 2021 11:42:10 AM I Like It. | Report Abuse Reply
Hello @Dilip sir, Is there any way to apply online for NCD IPOs? My brokers & banks both don't cover NCD IPOs.
Have you heard of new players like GoldenPi and BondsIndia? Can you comment if its safe to use them for online NCD IPOs?
1.1. KUMAR J C  Dec 15, 2021 4:17:33 PM I Like It. | Report Abuse
How to apply online
1.2. Vimal  Dec 15, 2021 6:07:55 PM I Like It. | Report Abuse
You can apply through BSEdirect facility
https://www.bsedirect.com/Index.aspx
Or with BSEdirect app...
You will need UPI id for this purpose..