Indiabulls Housing Finance Rights Issue will open for subscription from 07 February 2024. the company aims for an issue size of ₹3,693.40 Crores through this rights Issue.
About the company
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 in 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.
Objectives of the Issue
- Augmenting the capital base of the company; and
- General corporate purposes.
Indiabulls Housing Finance Rights Issue Timetable
| Last Date to buy shares | 31 January 2024 |
| Record Date | 01 February 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 07 February 2024 |
| Renunciation of Rights Entitlements | 08 February 2024 |
| Bid/Offer Closes On | 13 February 2024 |
| Deemed Date of Allotment | 22 February 2024 |
| Credit Date | 26 February 2024 |
| Listing Date | 28 February 2024 |
Indiabulls Housing Finance Rights Issue Details
| Issue Open | February 7, 2024 – February 13, 2024 |
| Security Name | Indiabulls Housing Finance Limited |
| Issue Size (Shares) | 246,226,515 |
| Issue Size (Amount) | ₹3,693.40 Crores |
| Issue Price | ₹150 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | 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. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| 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 |
Indiabulls Housing Finance Rights Issue Documents
Lead Manager(s)
- Nuvama Wealth Management Limited
- InCred Capital Wealth Portfolio Managers Private Limited
Rights Issue Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ihfl.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Contact Information
Indiabulls Housing Finance Limited
5th Floor, Building No. 27, KG Marg,
Connaught Place
New Delhi – 110001.
Phone: +91 11 43532950
Email: homeloans@indiabulls.com
Website: https://www.indiabullshomeloans.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
