Indiabulls Housing Finance NCD

Indiabulls Housing Finance NCD opens for subscription from 06 September 2023. The company aims for a base issue size of ₹200 Crores.

About the company

The company is a non-deposit-taking housing finance company (HFC) registered with the NHB. It is also a notified financial institution under the SARFAESI Act. It primarily offers housing loans and loans against property to the target client base of salaried and self-employed individuals and micro, small, and medium-sized enterprises (MSMEs) and corporates. also offers mortgage loans to real estate developers in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises. A majority of its Loan Book comprises housing loans, including in the affordable housing segment.

As of 31 March 2023, housing loans and non-housing loans constituted 57% and 43%, respectively of its Loan Book. It has now shifted to an asset-light business model, focusing on the co-lending of loans along with banks, other financial institutions, and credit funds and an increased sell-down of its loan portfolio. As of 31 March 2023, the company had a network of 217 branches spread across India which gives it a pan-India presence and allows it to interact with and service its customers. As of 31 March 2023, it had a direct sales team of 2,128 employees who were located across the network.

Objectives of the Issue

  • For the purpose of onward lending, financing, and repayment of interest and principal of existing borrowings of the Company,
  • General corporate purposes.

Indiabulls Housing Finance Details

Issue OpenSeptember 6, 2023 – September 20, 2023
Security NameIndiabulls Housing Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹ 200.00 Crores
Issue Size (Shelf)₹ 2,000.00 Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 for each NCD
Minimum Lot Size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit Rating“CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited
Tenor24, 36, 60, 84 and120 Months
SeriesSeries I to XII
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sIDBI Trusteeship Services Ltd.

Options and Coupon Rates


#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10Series 11Series 12
Frequency of Interest PaymentAnnualMonthlyCumulativeAnnualMonthlyCumulativeAnnualMonthlyAnnualMonthlyAnnualMonthly
Tenor24 Months24 Months24 Months36 Months36 Months36 Months60 Months60 Months84 Months84 Months120 Months120 Months
Coupon (% per Annum)9.65%9.25%NA9.90%9.48%NA10.15%9.71%10.50%10.03%10.75%10.25%
Effective Yield (% per Annum)9.64%9.64%9.65%9.88%9.89%9.90%10.14%10.14%10.49%10.49%10.74%10.74%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,202.65Rs 1,327.75Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook.

Company Financials

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax1,201.591,177.741,127.68
Net Worth16,076.0316,616.2317,303.42
(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated

Company Promoters

  • Mr. Sameer Gehlaut

NCD Lead Manager

  • Nuvama Wealth Management Limited
  • Elara Capital (India) Private Limited
  • Trust Investment Advisors Private Limited

NCD Registrar

Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222

Company Contact Details

One International Centre, Tower 1,
18th Floor, Senapati Bapat Marg,
Elphinstone Road, Mumbai – 400 013,
Maharashtra, India
Phone: +91 22 6189 1400

Final Thoughts

Non-convertible debentures (NCDs) are a better investment option for those who are looking for a diversified portfolio. investing in Indiabulls Housing Finance NCD is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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