Indiabulls Housing Finance NCD – Tranche VI NCD May 2024

Indiabulls Housing Finance NCD opens for subscription on 13 May 2024. The company aims for a base issue size of ₹100 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 30 September 2023, the company had a network of 218 branches spread across India which gives it a pan-India presence and allows it to interact with and service its customers. As of 30 September 2023, it had a direct sales team of 1,745 employees who were located across the network.

Objectives of the Issue

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

Indiabulls Housing Finance NCD Details

Issue OpenMay 13, 2024 – May 27, 2024
Security NameIndiabulls Housing Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹ 100.00 Crores
Issue Size (Oversubscription)₹ 100.00 Crores
Tranche Issue Size₹ 200.00 Crores
Issue Size (Shelf)₹ 2,000.00 Crores
Tranche NumberVI
Issue Price₹ 1000 per NCD
Face Value₹ 1000 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 and 120 Months
SeriesSeries I to XII
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sIdbi Trusteeship Services Ltd.

Indiabulls Housing Finance NCD 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)9.65%9.65%9.65%9.90%9.90%9.90%10.15%10.15%10.50%10.50%10.74%10.75%
Amount on Maturity (In Rs.)Rs 1,000.00Rs 1,000.00Rs 1,202.32Rs 1,000.00Rs 1,000.00Rs 1,327.38Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00

Indiabulls Housing Finance 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.

Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax1,127.681,177.741,201.59
Reserves and Surplus18,353.7517,678.3417,255.64
(Amount in ₹ Crore)

Indiabulls Housing Finance NCD Allocation Ratio

Category NCD’s Allocated

NCD’s Offered by Category

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

Company Promoters

the company does not have promotors.

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

Indiabulls Housing Finance NCD Documents

Indiabulls Housing Finance NCD Subscription Status (no. of times)

27 May 20240.004.551.432.761.71
24 May 20240.001.470.902.221.08
23 May 20240.001.470.861.981.00
22 May 20240.001.470.761.790.91
21 May 20240.001.470.731.630.85
17 May 20240.001.390.531.150.64
16 May 20240.001.190.400.840.49
15 May 20240.001.190.300.580.39
14 May 20240.
13 May 20240.

NCD Allotment Status

Indiabulls Housing Finance NCD May 2024 allotment status will be available on KFin Technologies’ website. Click on this link to get allotment status.

Final Thoughts

Non-convertible debentures (NCDs) are a better investment option for those seeking 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 decision.

Happy Investing

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