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Incorporated in May 2005, Indiabulls Housing Finance Ltd. is a housing finance company regulated by the Reserve Bank of India. The company has been accredited with a rating of 'AA' by CRISIL and ICRA. As of March 31, 2023, the company has a balance sheet size of ₹0.70 trillion.
The company has helped more than 1.4 million happy customers by providing over ₹ 3.08 trillion loans. They have a national presence and offer eHome Loans, India's first online home loan fulfillment platform.
IBHFL has more than 200 offices throughout India and also has an office in Dubai which serves NRI and PIO customers
Indiabulls Housing Finance Limited (IBHFL) provides fast, user-friendly, and attractively priced home loans in the affordable housing sector. The company strives to deliver a home-buying journey to its customers and contribute to the ecosystem that supports affordable housing finance, making it more feasible and accessible to everyone.
| Issue Open | February 7, 2024 - February 13, 2024 |
| Security Name | Indiabulls Housing Finance Limited |
| Issue Size (Shares) | 246,226,515 |
| Issue Size (Amount) | ₹3,693.40 Crores |
| Issue Price | ₹150 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Issue Price of Rs.150/- to be paid as Rs.50/- per share on Application and Rs.100/- per share in one or more calls as may be determined by the Board at its sole discretion from time to time. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | January 31, 2024 |
| Record Date | February 1, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | February 7, 2024 |
| Renunciation of Rights Entitlements | February 8, 2024 |
| Bid/Offer Closes On | February 13, 2024 |
| Deemed Date of Allotment | February 22, 2024 |
| Credit Date | February 26, 2024 |
| Listing Date | February 28, 2024 |
Indiabulls Housing Finance Limited's revenue decreased by -2.98% and profit after tax (PAT) dropped by -4.08% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 72,907.98 | 74,945.24 | 81,973.32 | 93,239.03 |
| Revenue | 4,157.92 | 8,725.79 | 8,993.90 | 10,030.12 |
| Profit After Tax | 594.17 | 1,129.69 | 1,177.74 | 1,201.59 |
| Amount in ₹ Crore | ||||
The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:
Indiabulls Housing Finance Rights Issue 2024 got oversubscribed by 2.04 times by the end of the bidding period with total bid quantity received by BSE and NSE of 501,141,444 shares.
54 4.0 Rating:  Vote Here ... |
Indiabulls Housing Finance Limited
5th Floor, Building No. 27, KG Marg,
Connaught Place
New Delhi – 110001.
Phone: +91 11 43532950
Email: homeloans@indiabulls.com
Website: https://www.indiabullshomeloans.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ihfl.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
The Indiabulls Housing Finance Rights Issue 2024 opens on February 7, 2024, and closes on February 13, 2024.
Indiabulls Housing Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | February 8, 2024 |
| Issue Opening Date | February 7, 2024 |
| Issue Closing Date | February 13, 2024 |
| Date of Allotment (on or about) | February 22, 2024 |
| Date of Credit (on or about) | February 26, 2024 |
| Date of Listing (on or about) | February 28, 2024 |
Indiabulls Housing Finance Rights Issue 2024 price is set at ₹150 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (February 1, 2024).
The record date for the Indiabulls Housing Finance Rights Issue 2024 is February 1, 2024.
The issue size of Indiabulls Housing Finance Rights Issue 2024 is of 246,226,515 equity shares at ₹150 per share aggregating upto ₹3,693.40 Crores.
The Letter of Offer for Indiabulls Housing Finance Rights Issue 2024 can be download here.
You can apply for Indiabulls Housing Finance Rights Issue 2024 in two ways:
Steps to apply for Indiabulls Housing Finance Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Indiabulls Housing Finance Rights Issue 2024 using Registrar's website (R-WAP)
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