₹3,693.40 Crores | Listing at BSE, NSE | Wed, Feb 7, 2024 - Tue, Feb 13, 2024
Indiabulls Housing Finance Limited Rights Issue comprises 24.62 Cr equity shares aggregating to ₹3,693.40 Cr, offered at an issue price of ₹150 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Feb 1, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : 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.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Feb 7, 2024, and closes on Feb 13, 2024, with renunciation of Rights Entitlements permitted up to Feb 8, 2024.
The deemed date of allotment is Feb 22, 2024, following which the equity shares are expected to be credited to demat accounts on Feb 26, 2024 and listed at the NSE and the BSE on Feb 28, 2024.
Nuvama Wealth Management Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Indiabulls Housing Finance Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Feb 1, 2024
Entitlement Ratio
1 : 2
Open Date
Wed, Feb 7, 2024
Close Date
Tue, Feb 13, 2024
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.
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 | ||||
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.
The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is housing finance arm of Indiabulls group. It marked de-growth in its financial performance for the reported periods and also pruned its dividend distribution. Based on its financial performance so far, the issue appears aggressively priced. Well-informed investors may park funds for the long term rewards. Read detail review...
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 50,11,41,444 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Feb 13 2024 17:00:00 | 46,12,45,151 | 3,98,96,293 | 50,11,41,444 | 2.04x |
Indiabulls Housing Finance Limited
5th Floor, Building No. 27, KG Marg,
Connaught Place
New Delhi – 110001.
New Delhi, New Delhi, 110001
The Indiabulls Housing Finance Rights Issue 2024 opens on Wed, Feb 7, 2024, and closes on Tue, Feb 13, 2024.
Indiabulls Housing Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Thu, Feb 8, 2024 |
| Issue Opening Date | Wed, Feb 7, 2024 |
| Issue Closing Date | Tue, Feb 13, 2024 |
| Date of Allotment (on or about) | Thu, Feb 22, 2024 |
| Date of Credit (on or about) | Mon, Feb 26, 2024 |
| Date of Listing (on or about) | Wed, Feb 28, 2024 |
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)
Steps to apply for Indiabulls Housing Finance Rights Issue 2024 using Registrar's website (R-WAP)
