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Incorporated in 2005, the company engages in providing mortgage lending services. Indiabulls Housing Finance Limited is one of the largest housing finance company in India and is the flagship company of Indiabulls Group. The company offers various services like Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans among others. As of December 31, 2021, the company has 141 offices spread across 95 cities, a direct sales team of over 1,659 employees, and 1 million-plus customers all over India.
The company offers quick, convenient, and competitively priced home loans, mortgage-backed finance, housing loans, loan against property, and corporate mortgage loans such as lease rental discounting and residential construction finance.
| Issue Open | March 30, 2022 - April 22, 2022 |
| Security Name | Indiabulls Housing Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 900.00 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 | CRISIL AA/Stable and BWR AA+/Stable |
| Tenor | 24, 36 and 60 months |
| Series | Series I to VIII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 300,000 |
| Non-Institutional | 100,000 |
| HNI | 300,000 |
| Retail | 300,000 |
| Total NCD's | 1,000,000 |
| Options | I | II | III | IV | V | VI | VII | VIII | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Nature | Secured NCDs | |||||||||
| Tenure | 24 months | 24 months | 24 Months | 36 months | 36 months | 36 months | 60 months | 60 months | ||
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Monthly | ||
| Minimum Application | 10,000 (10 NCDs) | |||||||||
| In Multiples of | 1 NCD after minimum application | |||||||||
| Face Value of NCDs (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Issue Price (Rs /NCD) | Rs 1000 (1 NCD) | |||||||||
| Mode of Interest Payment/Redemption | Through various modes available | |||||||||
| Coupon (% per annum) for NCD Holders in Category I & II | 8.35% | NA | 8.05% | 8.50% | NA | 8.20% | 8.75% | 8.43% | ||
| Coupon (% per annum) for NCD Holders in Category III & IV | 8.75% | NA | 8.42% | 9.00% | NA | 8.66% | 9.25% | 8.89% | ||
| Coupon Type | NA | |||||||||
| Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category I & II (%) | 1,000 | 1,174.25 | 1,000 | 1,000 | 1,277.60 | 1,000 | 1,000 | 1,000 | ||
| Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category III & IV (%) | 1,000 | 1,182.95 | 1,000 | 1,000 | 1,295.35 | 1,000 | 1,000 | 1,000 | ||
| Effective Yield for NCD Holders in Category I & II (%) | 8.34% | 8.35% | 8.36% | 8.49% | 8.50% | 8.51% | 8.74% | 8.76% | ||
| Effective Yield for NCD Holders in Category III & IV(%) | 8.74% | 8.75% | 8.75% | 8.99% | 9.00% | 9.01% | 9.24% | 9.26% | ||
| Put and Call Option | NA | |||||||||
The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable" by CRISIL Ratings Limited and BWR AA+/Stable by Brickwork Ratings Private Limited with such ratings are considered to have a stable outlook.
Mr. Sameer Gehlaut is the company promoter.
| Particulars | For the year/period ended (Rs 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 | ||
The NCD purposes to raise funds for the following purposes;
The Indiabulls Housing Finance NCD Mar 2022 was subscribed 1.53 times on April 22, 2022 5:00:00 PM. The NCD subscribed 2.92 times in Retail, 1.32 times in HNI, 2.54 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.92x |
| HNI | 1.32x |
| Non-Institutional | 2.54x |
| Institutional | 0.00x |
| Total | 1.53x |
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Indiabulls Housing Finance Limited
M 62&63, First Floor,
Connaught Place,
New Delhi – 110 001, Delhi
Phone: +91 11 4353 2950
Email: ajain@indiabulls.com
Website: https://www.indiabullshomeloans.com/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: ibhl.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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