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NCD Status: Closed [3rd Mar 2023 to 17th Mar 2023]
Rated 3/5 by Team TopShareBrokers
Indiabulls Housing Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 100.00 Cr and Shelf issue size of worth Rs 900.00 Cr. The subscription is opening from 03 Mar 2023 to 17 Mar 2023. The company issues series I to VIII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 24, 36 and 60 months with a coupon rate ranging from 9.25% - 10.15% per annum.
Check more about the Indiabulls Housing Finance Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 3rd Mar 2023 |
| NCD Closing Date: | 17th Mar 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| Issue Size (Shelf): | ₹900.00Cr |
| 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 Limited and [ICRA]AA (Stable) by ICRA Limited. |
| Series: | Series I to VIII |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Free Demat Account
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 3rd Mar 2023 |
| NCD Issue Close | 17th Mar 2023 |
| BSE Code: | 2948 |
| NSE Code: | IBHFL7 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 300000 | 30% |
| Non-Institutional | 0 | 10% |
| HNI | 0 | 30% |
| Retail | 0 | 30% |
Indiabulls Housing Finance was incorporated in May 2005. They are a non-deposit-taking housing finance company ("HFC") registered with the NHB. They are also notified of financial institutions under the SARFAESI Act. They focus primarily on long-term secured mortgage-backed loans. They primarily offer housing loans and loans against property to its target client base of salaried and self-employed individuals and micro, small and medium-sized enterprises ("MSMEs") and corporates. They also offer mortgage loans to real estate developers in India 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 comprise housing loans, including in the affordable housing segment.
IBHFL has a diversified lender base, comprising public sector undertakings ("PSUs"), private banks and other financial institutions. They also sell down parts of its portfolio through the securitisation and/or direct assignment of loan receivables to various banks and other financial institutions, which is a major sitsce of liquidity for us. They rely on long-term and medium-term borrowings from banks and other financial institutions, including external commercial borrowings and issuances of non-convertible debentures.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 102,872.03 | 13,223.23 | 2,165.92 | 16,616.23 |
| 31-Mar-21 | 93,239.03 | 10,030.12 | 1,201.59 | 16,076.03 |
| 31-Mar-22 | 81,973.32 | 8,993.90 | 1,177.74 | 15,479.82 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the funds which are being raised through this Tranche V Issue towards funding the following objects:
Indiabulls Housing Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Quarterly |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 9.65% | 9.25% | NA | 9.90% | 9.48% | NA | 10.15% | 9.71% |
| Effective Yield (% per Annum) | 9.64% | 9.64% | 9.65% | 9.88% | 9.89% | 9.90% | 10.14% | 10.15% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,193.85 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,309.70 | Rs 1,000.00 | Rs 1,000.00 |
Mr. Sameer Gehlaut is the promoter of the company.
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 with such ratings considered to have a stable outlook.
Last Updated on 2023-03-20T03:30:20+00:00
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