Indiabulls Housing Finance launched a non-convertible debenture (NCD) issue, offering yields up to 9.25% for an 87 Months tenor, on Monday. You can opt for monthly, annual, or cumulative interest payment options.
The issue which opened on 06th Sep 2021 will remain open till 20th Sep 2021. The NCD is being offered in tenors ranging from 87 months and is rated “AA Stable” by CRISIL. The issue size is ₹200 crore, with the company retaining the right to keep an additional ₹800 crore from the proceeds.
Indiabulls Housing Finance NCD Sep 2021 Detail
| Issue Open | Sep 06, 2021 - Sep 20, 2021 |
| Security Name | Indiabulls Housing Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 800.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 10 NCD |
| Listing At | BSE, NSE |
| Credit Rating | “CRISIL AA/Stable” by CRISIL Ratings and “BWR AA+ /Negative” by Brickwork Ratings |
| Tenor | 24, 36, 60, and 87 Months |
| Series | |
| Payment Frequency | Monthly, Yearly or Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Indiabulls Housing Finance NCD Allocation Ratio
| Category | NCD's Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
Indiabulls Housing Finance NCD's Offered
| Category | NCD's Reserved |
|---|---|
| Category 1 | 200,000 |
| Category 2 | 200,000 |
| Category 3 | 800,000 |
| Category 4 | 800,000 |
| Total NCD's | 20,000,000 |
Indiabulls Housing Finance NCD Coupon Rates for Eash Series
| Series | Tenure | Interest | Coupon | Eff. Yield |
Maturity |
|---|---|---|---|---|---|
| Series 1 | 24 Months | Annual | 8.75% | 8.75% | Rs 1,000.00 |
| Series 2 | 24 Months | Cumulative | NA | 8.75% | Rs 1,182.70 |
| Series 3 | 24 Months | Monthly | 8.42% | 8.75% | Rs 1,000.00 |
| Series 4 | 36 Months | Annual | 9.00% | 9.00% | Rs 1,000.00 |
| Series 5 | 36 Months | Cumulative | NA | 9.00% | Rs 1,295.35 |
| Series 6 | 36 Months | Monthly | 8.66% | 9.00% | Rs 1,000.00 |
| Series 7 | 60 Months | Annual | 9.25% | 9.25% | Rs 1,000.00 |
| Series 8 | 60 Months | Monthly | 8.89% | 9.25% | Rs 1,000.00 |
| Series 9 | 87 Months | Annual | 9.75% | 9.75% | Rs 1,000.00 |
| Series 10 | 87 Months | Monthly | 9.35% | 9.75% | Rs 1,000.00 |
Indiabulls Housing Finance NCD Rating Detail
The issue has been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Negative” (“BWR double-A plus with a negative outlook) by Brickwork Ratings India Private Limited.
About Indiabulls Housing Finance
Established in the year 2000, Indiabulls is one of the largest housing finance companies in India in terms of Assets Under Management (AUM). The company has a diversified financial portfolio with services offered in housing finance and loans against properties to salaried and self-employed individuals, and micro, small and medium-sized enterprises (MSMEs). The company also offers mortgage loans to real estate firms.
As of March 31, 2021, Housing loans and Non-housing loans make up 65% and 35% of Indiabulls consolidated AUM. The company has adopted a new strategy of an asset-light model of growth through collaboration with banks and credit funds.
The company has a Pan-India presence with 135 offices in 92 cities. In terms of employee strength, the company has a direct sales team of over 1,363 employees. The company also relies on direct sales agents and an online platform for home loans called e-home loans for customer acquisition.
Company Promoters
- Indiabulls Housing Finance Limited
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in Crore) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 93,237.87 | 102,872.03 | 130,103.92 |
| Total Revenue | 10,030.12 | 13,223.23 | 17,027.04 |
| Profit After Tax | 1,201.59 | 2,165.92 | 4,057.79 |
Objects of the Issue:
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- For general corporate purposes.
Indiabulls Housing Finance NCD Sep 2021 Prospectus
- Red Herring Prospectus
Indiabulls Housing Finance NCD Lead Manager
- Edelweiss Financial Services Ltd
- Trust Investment Advisors Private Limited
Company Contact Information
Indiabulls Housing Finance Limited
M 62&63,First Floor
Connaught Place, New Delhi – 110 001
Delhi, India
Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Website: http://www.indiabullshomeloans.com/
Indiabulls Housing Finance NCD September 2021 Registrar
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: ibhfl.ncdipo@kfintech.com
Indiabulls Housing Finance NCD FAQs
When is Indiabulls Housing Finance NCD July 2021 public issue coming?
The Indiabulls Housing Finance NCD September 2021 issue opens on September 06, 2021, and closes on Sep 20, 2021, for the subscription.Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day. The allotment is done on a First Come First Serve Basis.
What is Indiabulls Housing Finance NCD 2021 timetable?
Indiabulls Housing Finance Limited NCD IPO dates are as below:Indiabulls Housing Finance NCD March 2021 Issue Timetable
Bid/Offer Opens On Sep 06, 2021 Bid/Offer Closes On Sep 20, 2021 Record Date Deemed Date of Allotment Where can I get the Indiabulls Housing Finance NCD September 2021 issue prospectus pdf?
Sorry, Indiabulls Housing Finance NCD September 2021 DRHP PDF Document is not available at this time.Indiabulls Housing Finance NCDSeptember 2021 Red Herring Prospectus (RHP) PDFWhat is Indiabulls Housing Finance NCD September 2021 price? Tell me the pricing of Indiabulls Housing Finance NCD issue?
Indiabulls Housing Finance NCD September 2021 price is set at ₹1000 per NCD.What is the face value of Indiabulls Housing Finance NCD September 2021?
The NCDs will be issued at a face value of ₹1000 for each NCD.What is the frequency of interest payment for Indiabulls Housing Finance NCD July 2021?
The frequency of payment for Indiabulls Housing Finance NCD September 2021 is Monthly, Yearly or Cumulative.What is the minimum application size for investment in Indiabulls Housing Finance NCD September 2021 public issue?
Each application should be for a minimum of 10 NCDs and multiples of 10 NCD thereof.What is Indiabulls Housing Finance NCD September 2021 closing time?
Indiabulls Housing Finance NCD September 2021 remains open for subscription on working days from 10:00 a.m. to 5:00 p.m until September 20, 2021. The bid may close earlier in case it is fully subscribed.
