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

Sep 6, 2021 - Sep 20, 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 1,363 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 September 2021 Detail

Issue Open Sep 6, 2021 - Sep 20, 2021
Security Name Indiabulls Housing Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured 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 Ratings and “BWR AA+ /Negative” by Brickwork Ratings
Tenor 24, 36, 60 and 87 Months
Series
Payment Frequency
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ? NCD's Allocated
Institutional 30%
Non-Institutional 10%
HNI 30%
Retail 30%

NCD's Offered

NCD's offered in each investor 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

Coupon Rates for Eash Series

Series Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Tenor 24 Months 24 Months 24 Months 36 Months 36 Months 36 Months 60 Months 60 Months 87 Months 87 Months
Type of Instrument Secured NCDs Unsecured NCDs
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Monthly Annual Monthly
Coupon Rate (Retail) 8.75% NA 8.42% 9.00% NA 8.66% 9.25% 8.89% 9.75% 9.35%
Effective Yield (%) 8.75% 8.75% 8.75% 9.00% 9.00% 9.00% 9.25% 9.25% 9.75% 9.75%
Amount on Maturity 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 Rs 1,000.00 Rs 1,000.00

NCD Rating Detail

The issue have been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Negative” (“BWR double A plus with negative 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 Crore)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 93,237.87 102,872.03 130,103.92
Total Revenue 10,030.12 13,223.23 17,027.04
Profit After Tax 1,201.59 2,165.92 4,057.79

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 September 2021 Prospectus

Indiabulls Housing NCD September 2021 Rating

34
3.5
Rating:Rated 3.5 stars

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Indiabulls Housing NCD September 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 September 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: ibhfl.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/


1 Comments

1. Jaspreet Singh Oberoi  Sep 24, 2021 12:45 I Like It. | Report Abuse Reply
Money debited. Allocation done.
1.1. Jaspreet Singh Oberoi  Sep 24, 2021 18:11 I Like It. | Report Abuse
Check allocation @ https://kosmic.kfintech.com/ipostatus/