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NCD Status: Closed [30th Mar 2022 to 22nd Apr 2022]
Indiabulls Housing Finance NCD of Rs. 100 Cr issue size opens for subscription from 30 Mar to 22 April 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 8.35%- 9.25% per annum. Check more about the Indiabulls Housing Finance NCD Mar 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 30th Mar 2022 |
| NCD Closing Date: | 22nd Apr 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs. 100 Cr |
| Issue Size (Shelf): | Rs. 900 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, NSE |
| Tenor: | 24, 36, and 60 months |
| Rating: | CRISIL AA/Stable by CRISIL Ratings and BWR AA+/Stable by Brickwork Ratings |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly, Annual, and cumulative |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 30th Mar 2022 |
| NCD Issue Close | 22nd Apr 2022 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 3000000 | 30% |
| Non-Institutional | 1000000 | 10% |
| HNI | 3000000 | 30% |
| Retail | 3000000 | 30% |
Indiabulls Housing Finance is one of the India's largest housing finance company in terms of AUM. It is a non-deposit taking housing finance company that primarily offers long-term secured mortgage backed loans. The business provide housing loans to individuals, micro, small and medium sized enterprises (MSMEs). It further offer mortgage loans to real estate developers in India in form of lease rental discounting for commercial premises and construction finance to construct residential properties. As of March 31, 2021, its consolidated AUM incudes 65% housing loans and 35% classificed as non-housing loans.
As of September 30, 2021, it has a network of 135 offices spread across 92 cities with a direct sales staff of over 1496 employees.
| Indiabulls Housing Finance Financials (₹ in Cr) | 30-Sep-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|
| Total Assets | ₹93,237.87 | ₹102,872.03 | ₹130,103.92 |
| Total Income | ₹10,030.12 | ₹13,223.23 | ₹17,027.04 |
| Net Profit/Loss | ₹1,201.59 | ₹2,165.92 | ₹4,057.79 |
The net proceeds from the Tranche I NCD issue will be utilized towards the following objectives;
| 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 | 8.35% | NA | 8.05% | 8.50% | 'NA | 8.20% | 8.75% | 8.43% |
| Coupon Rate % Per Annum for NCD holders in category III & IV | 8.75% | NA | 8.42% | 9.00% | NA | 8.66% | 9.25% | 8.89% |
| Effective Yield (% per annum) for NCD holders in category I & II | 8.34% | 8.35% | 8.36% | 8.49% | 8.50% | 8.51% | 8.74% | 8.76% |
| Effective Yield (% per annum) for NCD holders in category III & IV | 8.74% | 8.75% | 8.75% | 8.99% | 9.00% | 9.01% | 9.24% | 9.26% |
| Amount on Maturity for NCD holders in category I & II | ₹1,000 | ₹1,174.25 | ₹1,000 | ₹1,000 | ₹1,277.60 | ₹1,000 | ₹1,000 | ₹1,000 |
| Amount on Maturity for NCD holders in category III & IV | ₹1,000 | ₹1,182.95 | ₹1,000 | ₹1,000 | ₹1,295.35 | ₹1,000 | ₹1,000 | ₹1,000 |
Mr. Sameer Gehlaut is the promoter of the company.
CRISIL has rated the NCD as AA with stable outlook and Brickwork Ratings has rated the issue as BWR AA+ with stable outlook. Instruments with such ratings are considered indicates health asset side risk coverage regarding timely servicing of financial obligations
Last Updated on 2022-04-04T11:07:06+00:00
