Indiabulls Housing Finance NCD

Indiabulls Housing Finance NCD-Tranche-III Oct22 Details

Indiabulls Housing Finance NCD will open for subscription from 07 October 2022. the company aims for a base issue size of ₹100 Crores.

Indiabulls Housing Finance Limited

Incorporated in 2005, the company engages in providing mortgage lending services. Indiabulls Housing Finance Limited is one of the largest housing finance companies in India and is the flagship company of Indiabulls Group. The company offers various services like Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans among others.

As of June 30, 2022, The company has a network of 162 branches spread across India which gives us a pan-India presence and allows us to interact with and service the customers. As of June 30, 2022, the company has a direct sales team of 1,912 employees who were located across the network.

Objects of the Issue

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

Indiabulls Housing Finance Tranche III NCD Oct2022 Details

Issue OpenOct 7, 2022 – Oct 28, 2022
Security NameIndiabulls Housing Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 700.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit RatingCRISIL AA/Stable and ICRA AA
Tenor24, 36, and 60 months
SeriesSeries I to VIII
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

Coupon Rates

 Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8
Frequency of Interest PaymentAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnualMonthly
Tenor24 months24 months24 months36 months36 months36 months60 months60 months
Coupon Rate (Retail)9.05%NA%8.70%9.30%NA8.94%9.55%9.15%
Effective Yield (% per Annum)9.04%9.05%9.04%9.29%9.30%9.31%9.54%9.54%
Amount on MaturityRs 1,000Rs 1,189.47Rs 1,000Rs 1,000Rs 1,306.07Rs 1,000Rs 1,000Rs 1,000

NCD Rating

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

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated
Institutional Investors30%
Non-Institutional Investors10%
HNI Investors30%
Retail Investors30%

NCD’s Offered by Category

Category NCD’s Reserved
Institutional Investors300,000
Non-Institutional Investors100,000
HNI Investors300,000
Retail Investors300,000
Total NCD’s1,000,000

Company Promoters

  • Mr. Sameer Gehlaut

NCD Lead Manager(s)

  • A.K. Capital Services Limited
  • Edelweiss Financial Services Ltd
  • IIFL Securities Ltd
  • Trust Investment Advisors Private Limited

Indiabulls Housing Finance Registrar

KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000

Company Contact Information

Indiabulls Housing Finance Limited
M 62&63, First Floor,
Connaught Place,
New Delhi – 110 001, Delhi
Phone: +91 11 4353 2950

Final Thoughts

Non Convertible Debentures (NCD) 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

Leave a Comment

Your email address will not be published. Required fields are marked *