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

    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:

    The company proposes to utilize the funds which are being raised through the Issue.

    1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
    2. 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) PDF

    • What 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.

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