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NCD Status: Closed [6th Sep 2023 to 20th Sep 2023]
Indiabulls Housing Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 200.00 Cr and Shelf issue size of worth Rs 2000.00 Cr. The subscription is opening from 6 sep 2023 to 20 sep 2023. The company issues series I to XII 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, 60, 84 and 120 months with a coupon rate ranging from 9.48% - 10.75% 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: | 6th Sep 2023 |
| NCD Closing Date: | 20th Sep 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹200.00Cr |
| Issue Size (Shelf): | ₹2000.00Cr |
| 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, 60, 84 and120 Months |
| Rating: | “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited |
| Series: | Series I to XII |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 6th Sep 2023 |
| NCD Issue Close | 20th Sep 2023 |
| BSE Code: | 3138 |
| BSE Script Symbol: | IBHFL9 |
| NSE Code: | IBHFL9 |
* - 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 Limited was incorporated in 2005 and is a non-deposit taking housing finance company (“HFC”) registered with the NHB. It is also a financial institution registered under the SARFAESI Act. It mainly extends housing and real estate loans to its diversified customer base, which includes (i) salaried employees, (ii) self-employed individuals, (iii) micro, small and medium enterprises (“MSMEs”) and (iv) corporations.
They primarily focus on long-term, mortgage-backed loans. It also offers mortgage loans to real estate developers in India in the form of rent rebates for commercial premises and construction financing for the construction of residential buildings. A large portion of the loan portfolio consists of residential loans, including those in the affordable housing segment.
The Company borrows long-term and medium-term loans from banks and other financial institutions, including external commercial loans and the issuance of non-convertible debt securities. The company has a diversified lender base that includes public companies, private banks, and other financial institutions. They also sell portions of their portfolio through securitization and/or direct assignment of loan receivables to various banks and other financial institutions, which is an important source of liquidity for us.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 93,239.03 | 81,973.32 | 74,945.24 |
| Revenue | 10,030.12 | 8,993.90 | 8,725.79 |
| Profit After Tax | 1,201.59 | 1,177.74 | 1,127.68 |
| Net Worth | 16,076.03 | 16,616.23 | 17,303.42 |
| Reserves and Surplus | |||
| Total Borrowing |
The company intends to utilize the net proceeds from the issue towards the funding of 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 | Series 9 | Series 10 | Series 11 | Series 12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Annual | Monthly | Annual | Monthly |
| Nature | Secured | Secured | Secured | Secured | 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 | 84 Months | 84 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 9.65% | 9.25% | NA | 9.90% | 9.48% | NA | 10.15% | 9.71% | 10.50% | 10.03% | 10.75% | 10.25% |
| Effective Yield (% per Annum) | 9.64% | 9.64% | 9.65% | 9.88% | 9.89% | 9.90% | 10.14% | 10.14% | 10.49% | 10.49% | 10.74% | 10.74% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,202.65 | Rs 1,327.75 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
The Company has no identifiable promoters and is a professionally managed 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 2023-09-23T06:32:58+00:00
