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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 1,496 employees. The company also relies on direct sales agents and an online platform for home loans called e-home loans for customer acquisition.| Issue Open | December 9, 2021 - December 31, 2021 |
| Security Name | Indiabulls Housing Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured 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 | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CRISIL AA/Stable by Crisil and BWR AA+/Stable by Brickwork |
| Tenor | 24, 36, and 60Months |
| Series | Series 1 to 8 |
| Payment Frequency | Monthly, Cumulative and Annually |
| 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 | 600,000 |
| Non-Institutional | 200,000 |
| HNI | 600,000 |
| Retail | 600,000 |
| Total NCD's | 2,000,000 |
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Monthly |
| Minimum Application | ₹ 10,000 (10 NCDs) across all Series | |||||||
| Face Value/ Issue Price of NCDs (₹/ NCD) | ₹ 1000 | |||||||
| In Multiples of thereafter (₹) | ₹ 1,000 (1 NCD) | |||||||
| Type of Instrument | Secured NCDs | |||||||
| Tenor | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| 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% |
| Effective Yield (per annum) for NCD Holders in Category I & II (%) | 8.35% | 8.35% | 8.36% | 8.49% | 8.50% | 8.51% | 8.75% | 8.76% |
| Effective Yield (per annum) for NCD Holders in Category I & II (%) | 8.75% | 8.75% | 8.75% | 8.99% | 9.00% | 9.00% | 9.24% | 9.26% |
| Mode of Interest Payment | Through various modes available | |||||||
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II | Rs 1,000.00 | Rs 1,174.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,277.60 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II | Rs 1,000.00 | Rs 1,182.70 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,295.35 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
| Maturity / Redemption Date (Years from the Deemed Date of Allotment) | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Put and Call Option | Not Applicable | |||||||
The issue have been rated “CRISIL AA/Stable” (double A rating with stable outlook) by CRISIL Ratings Limited and, “BWR AA+ /Stable” (“BWR double A plus with stable outlook) by Brickwork Ratings India Private Limited.
Mr. Sameer Gehlaut is the promoter of the company.
| Particulars | For the year/period ended (₹ in Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 932,378.70 | 10,28,720.30 | 13,01,039.20 | ||
| Total Revenue | 100,301.20 | 132,232.30 | 170,270.40 | ||
| Profit After Tax | 12,015.90 | 21,659.20 | 40,577.90 | ||
The company proposes to utilise the funds which are being raised through the Issue
The Indiabulls Housing NCD Dec 2021 was subscribed 2.84 times on December 31, 2021 5:00:00 PM. The NCD subscribed 1.40 times in Retail, 1.05 times in HNI, 8.60 times in Non-Institutional, and 4.17 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 1.40x |
| HNI | 1.05x |
| Non-Institutional | 8.60x |
| Institutional | 4.17x |
| Total | 2.84x |
21 3.6 Rating:  Vote Here ... |
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/
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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