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NCD Status: Closed [13th May 2024 to 27th May 2024]
Indiabulls Home Loan Limited is issuing secured and redeemable NCDs with a base issue size of Rs 100.00 Cr and Oversubscription issue size of Rs 100.00 Cr. The subscription period is opening from 13 May to 27 May 2024 and the company is issuing Series I to VI at an issue price of Rs. 1000 per NCD. The lot size of NCD is about of 10 lots , so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 24, 36, 60, 84 and 120 months with a coupon rate of 9.25 to10.75% per annum.
Learn more about Indiabulls Home Loan Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 13th May 2024 |
| NCD Closing Date: | 27th May 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| 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 and 120 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 | 13th May 2024 |
| NCD Issue Close | 27th May 2024 |
| BSE Code: | 3437 |
| BSE Script Symbol: | IHFL13 |
| NSE Code: | IHFL13 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 300000 | 30% |
| Non-Institutional | 100000 | 10% |
| HNI | 300000 | 30% |
| Retail | 300000 | 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 notified financial institution under the SARFAESI Act. The Company mainly provides housing and real estate loans to a diversified customer base which includes (i) salaried employees, (ii) self-employed, (iii) micro, small and medium enterprises (“MSMEs”) and (iv) corporates.
They focus primarily on long-term, mortgage-backed loans. In addition, it offers mortgage loans to real estate developers in India in the form of rent concessions for commercial premises and construction loans for the construction of residential buildings. A large part of the loan portfolio consists of home loans, including in the affordable housing segment.
As of March 31, 2023, the company had a network of 217 branches across India, giving it a pan-India presence. This nationwide presence enables us to carry out loan processing, appraisal and customer relationship management efficiently and cost-effectively. As of March 31, 2023, the company has a direct sales team of 2,128 employees spread across the network.
The Company has a long-term credit rating of “CRISIL AA/Stable” from CRISIL, “[ICRA]AA (Stable)” from ICRA, “CARE AA; Negative” from CARE Ratings and “BWR AA+/ Stable” from Brickwork Ratings for non-convertible debentures and a subordinated debt programme. In addition, the company has a long-term credit rating of “CRISIL AA/Stable” from CRISIL, “CARE AA; Negative” from CARE Ratings and “BWR AA+/ Stable” from Brickwork Ratings for its long-term investments. It also has the highest short-term credit rating of “CRISIL A1+” from CRISIL, “CARE A1+” from CARE Ratings and “BWR A1+ (affirmed)” from Brickwork Ratings for its commercial paper programme.
Indiabulls Housing Finance Limited's revenue decreased by -2.98% and profit after tax (PAT) dropped by -4.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 74,945.24 | 81,973.32 | 93,239.03 |
| Revenue | 8,725.79 | 8,993.90 | 10,030.12 |
| Profit After Tax | 1,127.68 | 1,177.74 | 1,201.59 |
| Reserves and Surplus | 18,353.75 | 17,678.34 | 17,255.64 |
| Amount in ₹ Crore | |||
The company proposes to utilize the funds that are being raised through this Tranche VI Issue, after deducting the Issue-related expenses to the extent payable by the company, 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 | 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) | 9.65% | 9.65% | 9.65% | 9.90% | 9.90% | 9.90% | 10.15% | 10.15% | 10.50% | 10.50% | 10.74% | 10.75% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,202.32 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,327.38 | 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.
Last Updated on 2024-05-30T06:32:55+00:00
