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NCD Status: Closed [7th Oct 2022 to 28th Oct 2022]
Indiabulls Housing Finance NCD of Rs. 800 Cr issue size and Rs 1400 Cr shelf size opens for subscription from 07 Oct to 28 Oct 2022. The company issues series I to VIII secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 24, 36, and 60 months with a coupon rate ranging 9.05%-9.15% per annum. Check more about the Indiabulls Housing Finance Limited Tranche III NCD Oct 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 7th Oct 2022 |
| NCD Closing Date: | 28th Oct 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 800 Cr |
| Issue Size (Shelf): | Rs 1400 Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 24, 36 and 60 months |
| Rating: | CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA by ICRA Limited |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: | TBD |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 7th Oct 2022 |
| NCD Issue Close | 28th Oct 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
Indiabulls Housing Finance Limited is a non-deposit taking housing finance company (“HFC”). The company primarily offer housing loans and loans against property to our target client base of salaried and self-employed individuals and micro, small and medium-sized enterprises (“MSMEs”) and corporates. As of June 30, 2022, it has a network of 162 branches spread across India and a direct sales team of 1,912 employees.
The company offers various services like Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans among others.
| Indiabulls Housing Finance Limited Financials (₹ in Cr) | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | |||||
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹81973.32 | ₹93239.03 | ₹102872.03 | |||||
| Total Income | ₹8993.9 | ₹10030.12 | ₹13223.23 | |||||
| Net Profit/Loss | ₹1177.74 | ₹1201.59 | ₹2165.92 |
| Tenure | 24 months | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months |
| Options | I | II | III | IV | V | VI | VII | VIII |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Monthly |
| Coupon Rate % Per Annum for NCD holders in category I, II, III & IV | 9.05% | NA | 8.70% | 9.30% | 'NA | 8.94% | 9.55% | 9.15% |
| Effective Yield (% per annum) for NCD holders in category I, II, III, & IV | 9.04% | 9.05% | 9.04% | 9.29% | 9.30% | 9.31% | 9.54% | 9.54% |
| Amount on Maturity for NCD holders in category I, II, III & IV | ₹1,000 | ₹1,189.47 | ₹1,000 | ₹1,000 | ₹1,306.07 | ₹1,000 | ₹1,000 | ₹1,000 |
The promoter of the company is Mr. Sameer Gehlaut.
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.
Last Updated on 2022-10-13T13:00:25+00:00
