Indiabulls Housing Finance NCD Tranche V-March 2023

Indiabulls Housing Finance NCD Tranche V opens for subscription from 03 March 2023. 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 September 30, 2022, The company has a network of 164 branches spread across India, which gives us a pan-India presence and allows us to interact with and service the customers. As of September 30, 2022, the company has a direct sales team of 2,200 employees who were located across the network. The company has a long-term credit rating of “AA; Outlook Stable” from CRISIL and ICRA, “AA; Outlook Negative” from CARE Ratings, and “AA+; Outlook Stable” from Brickwork Ratings for non-convertible debentures and subordinated debt program.

As of 31 March 2022, housing loans and non-housing loans constituted 62% and 38%, 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.

Objectives 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 V NCD Mar 2023 Details

Issue OpenMar 3, 2023 – Mar 17, 2023
Security NameIndiabulls Housing Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 900.00 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 by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited.
Tenor24, 36, and 60 Months
SeriesSeries I to VIII
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis

Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsAnnual9.25% (for categories 1 & 2)9.24% (for categories 1 & 2)INR 1,000
Series 224 monthsAnnual9.65% (for categories 3 & 4)9.64% (for categories 3 & 4)INR 1,000
Series 324 monthsMonthly8.88% (for categories 1 & 2)9.24% (for categories 1 & 2)INR 1,000
Series 424 monthsMonthly9.25% (for categories 3 & 4)9.64% (for categories 3 & 4)INR 1,000
Series 524 monthsCumulativeNA9.25% (for categories 1 & 2)INR 1,193.85
Series 624 monthsCumulativeNA9.65% (for categories 3 & 4)INR 1,202.65
Series 736 monthsAnnual9.40% (for categories 1 & 2)9.39% (for categories 1 & 2)INR 1,000
Series 836 monthsAnnual9.90% (for categories 3 & 4)9.88% (for categories 3 & 4)INR 1,000
Series 936 monthsMonthly9.02% (for categories 1 & 2)9.39% (for categories 1 & 2)INR 1,000
Series 1036 monthsMonthly9.48% (for categories 3 & 4)9.89% (for categories 3 & 4)INR 1,000
Series 1136 monthsCumulativeNA9.40% (for categories 1 & 2)INR 1,309.70
Series 1236 monthsCumulativeNA9.90% (for categories 3 & 4)INR 1,327.75
Series 1360 monthsAnnual9.65% (for categories 1 & 2)9.64% (for categories 1 & 2)INR 1,000
Series 1460 monthsAnnual10.15% (for categories 3 & 4)10.14% (for categories 3 & 4)INR 1,000
Series 1560 monthsMonthly9.25% (for categories 1 & 2)9.64% (for categories 1 & 2)INR 1,000
Series 1660 monthsMonthly9.71% (for categories 3 & 4)10.15% (for categories 3 & 4)INR 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 (Stable) by ICRA Limited with such ratings considered to have a stable outlook.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth

(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated

NCDs Offered by Category

Category NCD’s Reserved
Total NCD’s1,000,000

Company Promoters

  • Mr. Sameer Gehlaut

NCD Lead Manager

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

Indiabulls Housing Finance NCD Registrar

Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222

Indiabulls Commercial 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 (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

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