Indiabulls Housing Finance Rights Issue

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 shares31 January 2024
Record Date01 February 2024
Credit of Rights Entitlements
Bid/Offer Opens On07 February 2024
Renunciation of Rights Entitlements08 February 2024
Bid/Offer Closes On13 February 2024
Deemed Date of Allotment22 February 2024
Credit Date26 February 2024
Listing Date28 February 2024

Indiabulls Housing Finance Rights Issue Details

Issue OpenFebruary 7, 2024 – February 13, 2024
Security NameIndiabulls 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 AtBSE, NSE
Terms of PaymentIssue 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.
Entitlement1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax594.171,129.691,177.741,201.59
(Amount in ₹ Crore)

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

Company Contact Information

Indiabulls Housing Finance Limited
5th Floor, Building No. 27, KG Marg,
Connaught Place
New Delhi – 110001.

Phone: +91 11 43532950

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

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