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Incorporated in 1994, Mumbai based Indiabulls Consumer Finance Limited (ICFL) is a non-deposit taking NBFC. The company is a 100% subsidiary of Indiabulls Ventures Limited. It also has a product called 'Indiabulls Dhani', a completely online personal loan fulfilment offering.
IBCFL also offers business loans to small and medium businesses.
The company also offers online trading services. It has a client base of over 6 lacs customers. The company has a dedicated sales team of over 900 individuals in more than 18 cities. It also markets non-discretionary wealth management products through its subsidiaries.
The competitive strengths of the company are:
1. Pan India presence
2. Strong brand recognition
3. Wide market reach
4. In-house loan monitoring and collections teams to monitor and check NPAs
| Issue Open | May 30, 2019 - June 21, 2019 |
| Security Name | Indiabulls Consumer Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs 3,000.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CARE AA/Stable, BWR AA+/Stable |
| Tenor | 400 days/ 24 months /36 months/ 60 months |
| Series | Series I to Series IX |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 20% |
| Category 2 | 20% |
| Category 3 | 30% |
| Category 4 | 30% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 200,000 |
| Category 2 | 200,000 |
| Category 3 | 300,000 |
| Category 4 | 300,000 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | NA | Annually | NA | Monthly | Annually | NA | Monthly | Annually | NA |
| Tenor | 400 days | 24 months | 24 months | 36 months | 36 months | 36 months | 60 months | 60 months | 60 months |
| Coupon Rate | NA | 10.27% | NA | 9.95% | 10.41% | NA | 10.13% | 10.61% | NA |
| Amount on Maturity | Rs 1,110.10 | Rs 1,000 | Rs 1,215.83 | Rs 1,000 | Rs 1,000 | Rs 1,345.94 | Rs 1,000 | Rs 1,000 | Rs 1,655.83 |
The NCDs proposed to be issued under this Issue have been rated CARE AA; Stable (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19 dated January 4, 2019 and instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
Indiabulls Ventures Limited is the promoter of the company.
The Company proposes to utilise the funds which are being raised through the Tranche II Issue, after deducting the Tranche II Issue related expenses to the extent payable by the Company ("Net Proceeds"), towards funding the following objects (collectively referred to herein as the "Objects"):
1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings
of the Company; and
2. General corporate purposes.
The Indiabulls Consumer NCD May 2019 was subscribed 0.30 times on June 21, 2019 6:00:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 0.80x |
| Category 3 | 0.20x |
| Category 2 (NII) | 0.01x |
| Category 1 (QIB) | 0.00x |
| Total | 0.30x |
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Indiabulls Consumer Finance Limited
Indiabulls House,
Indiabulls Finance Centre, Senapati Bapat Marg,
Elphinstone Road, Mumbai 400 013
Phone: +91 22 6189 1000
Email: helpdesk@indiabulls.com
Website: http://www.indiabullsconsumerfinance.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: icfl.ncd1@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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