NCD Issues Archives - SME IPO & Main Board https://ipowhisky.com/ipo-resource-category/ncd-issues/ Cheers! to your next 21% Sat, 09 Sep 2023 08:45:54 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://ipowhisky.com/wp-content/uploads/2023/07/cropped-Site-Icon-512X512-IPO-whisky-32x32.png NCD Issues Archives - SME IPO & Main Board https://ipowhisky.com/ipo-resource-category/ncd-issues/ 32 32 Muthoot Fincorp Limited NCD https://ipowhisky.com/ipo-resource/muthoot-fincorp-limited-ncd-2/ https://ipowhisky.com/ipo-resource/muthoot-fincorp-limited-ncd-2/#respond Sat, 12 Aug 2023 20:26:56 +0000 https://ipowhisky.com/?post_type=docs&p=1639 Muthoot Fincorp Limited, a non-deposit-taking NBFC, is a leading provider of secured personal and business loans backed by gold ornaments. With a vast network and over 33 lakhs loan accounts, it operates across 25 states and offers various Gold Loan products. The company also engages in foreign exchange and money transfer services and has interests in wind energy and real estate. Muthoot Fincorp's recent NCD issue, rated CRISIL AA-/Stable, aimed to raise funds for working capital and general corporate purposes, with a successful subscription status.

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Muthoot Fincorp Limited operates as a non-deposit-taking NBFC, specializing primarily in the provision of secured personal and business loans backed by gold ornaments and jewelry. The company’s gold loan offerings are tailored to address both personal and business needs, catering to the short-term liquidity requirements of individuals.

As of September 30, 2022, the company’s Gold loan portfolio encompassed approximately 33.23 lakhs loan accounts.

Operating across an extensive network, Muthoot Fincorp Limited maintains a presence through 3,629 branches spanning 25 states, including the union territory of Andaman and Nicobar Islands, and the national capital territory of Delhi. The company’s operations are supported by a dedicated workforce comprising 16,264 employees, including 148 contracted experts.

Diversifying its product range, Muthoot Fincorp Limited extends various Gold Loan products, including:

  1. Muthoot Blue Guide Gold loan
  2. Muthoot Blue Bright Gold loan
  3. Muthoot Blue Power Gold loan
  4. Muthoot Blue Bigg Gold loan
  5. Muthoot Blue Smart Gold loan
  6. 24×7 Express Gold loan

Beyond its Gold loan segment, the company adds value by offering foreign exchange conversion and money transfer services in collaboration with registered money transfer agencies. Additionally, Muthoot Fincorp is actively engaged in two supplementary business domains:

  1. Generation and sale of wind energy via its wind farms situated in Tamil Nadu.
  2. Real estate activities through joint venture partnerships for the development of company-owned land parcels.

Muthoot Fincorp NCD December 2022 Detail

Issue Open Jan 2, 2023 – Jan 27, 2023
Security Name Muthoot Fincorp Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 200.00 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
Credit Rating CRISIL AA-/Stable by CRISIL Ratings Limited
Tenor 27, 38, 48 and 60 Months
Series Series I to VIII
Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Vardhman Trusteeship Private Limited

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 5%
Non-Institutional 35%
Retail 60%
Category 4 0%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 100,000
Non-Institutional 700,000
Retail 1,200,000
Category 4 0
Total NCD’s 2,000,000

Muthoot Fincorp Limited NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Monthly Monthly Monthly Monthly Annual Annual Cumulative Cumulative
Nature Secured Secured Secured Secured Secured Secured Secured Secured
Tenor 27 months 38 months 48 months 60 months 48 months 60 months 27 months 38 months
Coupon Rate (Retail) 8.10% 8.25% 8.40% 8.50% 8.70% 8.80% NA NA
Effective Yield (% per Annum) 8.40% 8.56% 8.72% 8.83% 8.69% 8.79% 8.41% 8.57%
Amount on Maturity Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,199.00 Rs 1,297.00

NCD Rating

The company has received rating of CRISIL AA-/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Company Promoters

Mr. Thomas John Muthoot, Mr. Thomas George Muthoot and Mr. Thomas Muthoot are the company promoters.

Company Financials

Muthoot Fincorp Limited Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth
31-Mar-20 21241.81 3765.99 257.93 2653.03
31-Mar-21 26284.54 4101.19 397.28 3034.7
31-Mar-22 28422.34 4355.13 412.55 3731.16
Amount in ₹ Crore

Objects of the Issue

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

1. For the purpose of Working Capital– 75% of the amount raised and allotted in the Issue.

2. For General Corporate Purposes– 25% of the amount raised and allotted in the Issue

Muthoot Fincorp NCD December 2022 Prospectus

Muthoot Fincorp NCD December 2022 Subscription Status

The Muthoot Fincorp NCD December 2022 was subscribed 1.76 times on Jan 27, 2023 1:00:00 AM. The NCD subscribed 2.38 times in Retail, 0.96 times in Non-Institutional, and 0.01 times in the Institutional category.

Category Subscription (times)
Retail 2.38x
Non-Institutional 0.96x
Institutional 0.01x
Total 1.76x

Check Day by Day Bidding Details

Company Contact Information

Muthoot Fincorp Limited
Muthoot Centre,
TC No 14/2074-7 Punnen Road,
Trivandrum – 695 039, Kerala
Phone: +91 471 491 1550
Email: cs@muthootfincorp.com
Websitehttps://www.muthootfincorp.com/

Muthoot Fincorp NCD December 2022 Registrar

Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai – 600 017

Phone: + 91 44 2814 0801 to 803
Email: mfinipo@integratedindia.in
Websitehttps://www.integratedindia.in/corporate-container.aspx?cpi

Muthoot Fincorp NCD December 2022 Lead Manager(s)

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Edelweiss Financial Services Limited NCD https://ipowhisky.com/ipo-resource/edelweiss-financial-services-limited-ncd-3/ https://ipowhisky.com/ipo-resource/edelweiss-financial-services-limited-ncd-3/#respond Sat, 12 Aug 2023 20:26:46 +0000 https://ipowhisky.com/?post_type=docs&p=1637 Edelweiss Financial Services Limited, established in 1995, has evolved from an investment banking firm to a dynamic conglomerate offering a wide range of financial services. With 28 subsidiaries and 10 associate companies, it serves approximately 5 million customers across India and globally through three international offices. The company's recent NCD issue aimed to raise funds for working capital and general corporate purposes, with competitive coupon rates. Rated CRISIL AA- and ACUITE AA-, Edelweiss Financial Services is committed to innovation, customer-centricity, and research-driven excellence in the financial sector.

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Incorporated in 1995, Edelweiss Financial Services Limited commenced its journey as an investment banking firm following the acquisition of a Category II license from SEBI. Subsequently, the company ascended to the status of a Category I Merchant Banker upon obtaining the requisite license from SEBI.

In December 2007, Edelweiss Financial Services marked a significant milestone by debuting its securities on the mainboard exchanges, namely BSE and NSE.

Over the years, the company has adeptly diversified its operational horizons. Leveraging its subsidiaries, Edelweiss Financial Services extends a wide spectrum of services encompassing credit facilities, spanning both retail and corporate credit domains, asset management, encompassing mutual fund and alternative asset management enterprises, asset reconstruction, life and general insurance offerings, and wealth management ventures.

A hallmark of Edelweiss Financial Services’ approach lies in its resolute commitment to product innovation, a seamless customer experience, and a research-driven methodology. These guiding principles have propelled the company’s outreach to approximately 5 million customers.

Mirroring its expansive operational landscape, Edelweiss Financial Services maintains a robust presence across India, comprising 237 domestic offices. Furthermore, the company’s global footprint is established through three international offices.

As of September 30, 2022, the Edelweiss Group comprises a conglomerate of 28 subsidiaries and 10 associate companies, collectively embodying the organization’s comprehensive and dynamic presence within the financial realm.

Edelweiss Financial Services NCD January 2023 Detail

Issue Open Jan 3, 2023 – Jan 23, 2023
Security Name Edelweiss Financial Services Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 1,000.00 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
Credit Rating CRISIL AA-/Negative by CRISIL Ratings Limited and ACUITE AA-/ Negative by Acuité Ratings & Research Limited
Tenor 24, 36, 60 and 120 Months
Series Series I to X
Payment Frequency Annual, Cumulative and Monthly
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Beacon Trusteeship Limited

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 10%
Non-Institutional 10%
HNI 40%
Retail 40%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 200,000
Non-Institutional 200,000
HNI 800,000
Retail 800,000
Total NCD’s 2,000,000

NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Cumulative Monthly Annual
Nature Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured
Tenor 24 months 24 months 36 months 36 months 36 months 60 months 60 months 601 months 120 months 120 months
Coupon Rate (Retail) 9.00% NA 9.20% 9.60% NA 9.67% 10.10% NA 10.00% 10.45%
Effective Yield (% per Annum) 8.99% 9.00% 9.59% 9.59% 9.60% 10.10% 10.09% 10.10% 10.46% 10.44%
Amount on Maturity Rs 1,000.00 Rs 1,188.40 Rs 1,000.00 Rs 1,000.00 Rs 1,317.00 Rs 1,000.00 Rs 1,000.00 Rs 1,618.30 Rs 1,000.00 Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under the Issue have been rated “CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)” for an amount of ₹ 10,000 million by CRISIL Ratings Limited and “ACUITE AA-/ Negative (pronounced as ACUITE double A minus)” for an amount of ₹ 10,000 million by Acuité Ratings & Research Limited.

Company Financials

Edelweiss Financial Services Limited Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax
31-Mar-20 54277.54 9513.31 -2043.77
31-Mar-21 46350.01 9346.35 253.92
31-Mar-22 43187.78 6911.4 212.07
Amount in ₹ Crore

Objects of the Issue

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

  1. For the purpose of repayment /prepayment of interest and principal of existing borrowings of our Company – 75% of the amount raised and allotted in the Issue.
  2. General Corporate Purposes – 25% of the amount raised and allotted in the Issue.

Edelweiss Financial Services NCD January 2023 Prospectus

Edelweiss Financial Services NCD January 2023 Subscription Status

The Edelweiss Financial Services NCD January 2023 was subscribed 2.35 times on Jan 16, 2023 1:00:00 AM. The NCD subscribed 3.20 times in Retail, 1.85 times in HNI, 3.29 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ? Subscription (times)
Retail 3.20x
HNI 1.85x
Non-Institutional 3.29x
Institutional 0.00x
Total 2.35x

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Company Contact Information

Edelweiss Financial Services Limited
Edelweiss House,
Off C.S.T. Road, Kalina,
Mumbai 400 098Phone: +91 22 4009 4400
Email: efslncd@edelweissfin.com
Websitehttp://www.edelweissfin.com/

Edelweiss Financial Services NCD January 2023 Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000
Email: efsl2.ncdipo@kfintech.com
Websitehttps://kosmic.kfintech.com/ipostatus/

Edelweiss Financial Services NCD January 2023 Lead Manager(s)

  1. Equirus Capital Private Limited

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Incred Financial Services Limited NCD https://ipowhisky.com/ipo-resource/incred-financial-services-limited-ncd/ https://ipowhisky.com/ipo-resource/incred-financial-services-limited-ncd/#respond Sat, 12 Aug 2023 20:26:37 +0000 https://ipowhisky.com/?post_type=docs&p=1635 InCred Financial Services Limited, formerly KKR India Financial Services Limited, is a significant non-deposit-taking NBFC (Non-Banking Financial Company) that caters to the financial needs of Indian households and businesses. They provide a range of financial solutions, including personal and education loans, secured and unsecured business loans, and specialized lending to institutions and SMEs. InCred's commitment to diverse financial needs is evident in its product segments, which include Personal Loans, Student Loans, Secured School Financing, and more. The NCD issue aimed to raise funds for lending and general corporate purposes and was rated CRISIL A+/Stable. With a merger in 2022, InCred continues to expand its presence in the financial sector.

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Incorporated in 1995, InCred Financial Services Limited operates within the realm of financial services. The company holds registration with SEBI as a significant non-deposit-taking NBFC (Non-Banking Financial Company).

Catering to the financial needs of lower-middle-class to middle-class Indian households, InCred Financial Services provides essential personal finance solutions in the form of education and personal loans. Additionally, the company extends secured and unsecured business loans. Its clientele encompasses a diverse array, ranging from small businesses and profit-oriented financial institutions to K12 Indian schools seeking expansion capital, supply chain financing, and microfinance companies. The company also facilitates escrow-backed lending through its dedicated SME vertical.

Notably, in 2022, a merger transpired, leading to the transformation of the former KKR India Financial Services Limited into its current iteration, InCred Financial Services Limited.

The product portfolio of InCred Financial Services Limited can be neatly categorized as follows:

  1. Consumer Loans
  2. Education Loans
  3. MSME Loans

Furthermore, the company delineates its offerings into specific segments, including Personal Loans, Student Loans, Secured School Financing, Anchor & Escrow Backed Business Loans, Structured Lending, and Lending to Financial Institutions. This comprehensive suite of products and services reflects InCred Financial Services’ commitment to addressing a wide spectrum of financial needs.

Incred Financial Services NCD Tranche I Jan 2023 Detail

Issue Open Jan 9, 2023 – Jan 27, 2023
Security Name Incred Financial Services Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 175.00 Crores
Issue Size (Shelf) Rs 350.00 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 A+/Stable by CRISIL Ratings Limited
Tenor 27 and 39 months
Series Series I to IV
Payment Frequency Annual and Quarterly
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Catalyst Trusteeship Limited

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 20%
Non-Institutional 20%
HNI 30%
Retail 30%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 350,000
Non-Institutional 350,000
HNI 525,000
Retail 525,000
Total NCD’s 1,750,000

Incred Financial Services Limited NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4
Frequency of Interest Payment Quarterly Annual Quarterly Annual
Nature Secured Secured Secured Secured
Tenor 27 months 27 months 39 months 39 months
Coupon Rate (Retail) 9.45% 9.80% 9.65% 10.00%
Effective Yield (% per Annum) 9.78% 9.82% 10.00% 10.02%
Amount on Maturity Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00

NCD Rating

The company has received rating of CRISIL A+/Stable by CRISIL Ratings Limited for the NCDs proposed to be issued pursuant to this Issue.

Company Promoters

InCred Holdings Limited (erstwhile known as KKR Capital Markets India Limited), and Bhupinder Singh are the promoters of the company.

Company Financials

Incred Financial Services Limited Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth
31-Mar-20 2232.1 332.67 5.16 1040.5
31-Mar-21 2804.53 392.48 2.17 1054.01
31-Mar-22 4034.65 524.27 30.83 1115.19
30-Sep-22 6194.28 398.12 46.76 2391.19
Amount in ₹ Crore

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 – 75% of the amount raised and allotted in the Issue.
  2. General Corporate Purposes – 25% of the amount raised and allotted in the Issue.

Incred Financial Services NCD Tranche I Jan 2023 Prospectus

Incred Financial Services NCD Tranche I Jan 2023 Subscription Status

The Incred Financial Services NCD Tranche I Jan 2023 was subscribed 1.51 times on Jan 27, 2023 5:00:00 PM. The NCD subscribed 1.72 times in Retail, 1.83 times in HNI, 1.93 times in Non-Institutional, and 0.29 times in the Institutional category.

Category ? Subscription (times)
Retail 1.72x
HNI 1.83x
Non-Institutional 1.93x
Institutional 0.29x
Total 1.51x

Check Day by Day Bidding Details

Company Contact Information

Incred Financial Services Limited
Unit No. 1203, 12th Floor, B Wing, The Capital,
Plot No. C-70, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051Phone: +91 22 6844 6100
Email: incred.compliance@incred.com
Websitehttp://www.incred.com/

Incred Financial Services NCD Tranche I Jan 2023 Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: incred.ncd2@linkintime.co.in
Websitehttps://linkintime.co.in/mipo/ipoallotment.html

Incred Financial Services NCD Tranche I Jan 2023 Lead Manager(s)

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IIFL Finance Limited NCD https://ipowhisky.com/ipo-resource/iifl-finance-limited-ncd-2/ https://ipowhisky.com/ipo-resource/iifl-finance-limited-ncd-2/#respond Sat, 12 Aug 2023 20:26:28 +0000 https://ipowhisky.com/?post_type=docs&p=1633 IIFL Finance Limited, a Mumbai-based Non-deposit taking NBFC, offers a comprehensive range of financial products and services, catering to both retail and corporate clients. Their diverse offerings include Home Loans, Gold Loans, Business Loans, Microfinance, and more. With consistent revenue growth over the years, the company has established a strong financial standing. The NCD issue aimed to raise funds for lending and general corporate purposes and was rated CRISIL AA/Stable and ICRA AA (stable). IIFL Finance continues to be a prominent player in the Indian financial sector, focusing on safety and creditworthiness.

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Incorporated in 1995, IIFL Finance Limited operates as a Mumbai-based Non-deposit taking NBFC company. The company holds the distinction of being classified as a Systemically Important Non-deposit taking Non-Banking Financial Company (“NBFC-ND-SI”), duly registered with the Reserve Bank of India (RBI).

With an extensive array of offerings, IIFL Finance caters to a diverse clientele through a comprehensive range of products, which encompass:

  1. Home Loans
  2. Gold Loans
  3. Business Loans, inclusive of loans against property and financing for medium and small enterprises
  4. Microfinance
  5. Construction and Real Estate Finance
  6. Capital Market Finance

The company serves both retail and corporate clients, thereby encompassing a broad spectrum of customers.

The financial performance of IIFL Finance Limited reflects its robust standing. The total revenue figures for fiscal years 2022, 2021, and 2020 were reported as Rs. 70,062.79 million, Rs. 59,896.89 million, and Rs. 49,261.25 million, respectively. These numbers underscore the company’s consistent growth trajectory over the years.

IIFL Finance NCD January 2023 Detail

Issue Open Jan 6, 2023 – Jan 18, 2023
Security Name IIFL Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 1,000.00 Crores
Issue Size (Shelf) Rs 5,000.00 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 CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited.
Tenor 24, 36, and 60 Months
Series Series I to VII
Payment Frequency Annual, Cumulative and Monthly
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Vardhman Trusteeship Private Limited

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 10%
Non-Institutional 10%
HNI 40%
Retail 40%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 100,000
Non-Institutional 100,000
HNI 400,000
Retail 400,000
Total NCD’s 1,000,000

IIFL Finance Limited NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7
Frequency of Interest Payment Annual Cumulative Annual Cumulative Monthly Annual Cumulative
Nature Secured Secured Secured Secured Secured Secured Secured
Tenor 24 months 24 months 36 months 36 months 60 months 60 months 60 months
Coupon Rate (Retail) 8.50% NA 8.75% NA 8.65% 9.00% NA
Effective Yield (% per Annum) 8.49% 8.50% 8.74% 8.75% 9.00% 8.99% 9.00%
Amount on Maturity Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,286.45 Rs 1,000.00 Rs 1,227.00 Rs 1,539.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Company Promoters

Mr. Nirmal Bhanwarlal Jain and Mr. R. Venkataraman are the promoters of the company.

Company Financials

IIFL Finance Limited Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth Total Borrowing
31-Mar-20 34373.41 4926.12 503.47 4667.66 27098.68
31-Mar-21 40666.92 5989.69 760.81 5265.75 31595.37
31-Mar-22 45910.18 7006.28 1188.25 6279.76 35255.97
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilize the funds for the following objects which are being raised through the Issue:

  1. For the purpose of onward lending, financing, and refinancing the existing indebtedness of IIFL Finance Limited – At least 75%
  2. General Corporate Purposes – Maximum of up to 25%

IIFL Finance NCD January 2023 Prospectus

IIFL Finance NCD January 2023 Subscription Status

The IIFL Finance NCD January 2023 was subscribed 5.83 times on Jan 18, 2023 5:00:00 PM. The NCD subscribed 8.55 times in Retail, 3.86 times in HNI, 7.11 times in Non-Institutional, and 1.54 times in the Institutional category.

Category ? Subscription (times)
Retail 8.55x
HNI 3.86x
Non-Institutional 7.11x
Institutional 1.54x
Total 5.83x

Check Day by Day Bidding Details

Company Contact Information

IIFL Finance Limited
IIFL House, Sun Infotech Park, Road No. 16V,
Plot No. B-23, Thane Industrial Area,
Wagle Estate, Thane 400 604Phone: +91 22 4103 5000
Email: csteam@iifl.com
Websitehttp://www.iifl.com/

IIFL Finance NCD January 2023 Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: iifl.ncd2022@linkintime.co.in
Websitehttps://linkintime.co.in/mipo/ipoallotment.html

IIFL Finance NCD January 2023 Lead Manager(s)

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Indiabulls Commercial Credit Limited NCD https://ipowhisky.com/ipo-resource/indiabulls-commercial-credit-limited-ncd-2/ https://ipowhisky.com/ipo-resource/indiabulls-commercial-credit-limited-ncd-2/#respond Sat, 12 Aug 2023 20:26:18 +0000 https://ipowhisky.com/?post_type=docs&p=1631 Indiabulls Commercial Credit Limited (ICCL), a subsidiary of Indiabulls Housing Finance Limited, offers secured mortgage-backed loans to a diverse clientele, including self-employed individuals and small businesses. With a strong pan-India presence, ICCL aims to list its NCDs on the mainboard exchange, providing new investment opportunities. Rated CRISIL AA and ICRA AA, the NCDs offer a high degree of safety. Subscribe to ICCL's NCDs for potential returns with minimal risk.

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Established in 2006 and headquartered in Delhi, Indiabulls Commercial Credit Limited (ICCL) operates as a non-deposit-taking NBFC. It stands as a wholly-owned subsidiary of Indiabulls Housing Finance Limited (IHFL), a prominent entity within India’s housing finance landscape.

Notably, ICCL holds the designation of a notified financial institution under the SARFAESI Act.

The core thrust of ICCL’s operations revolves around extending long-term secured mortgage-backed loans. The company’s offerings can be categorized as follows:

  1. Retail Mortgage Loans: Tailored to cater to self-employed individuals, proprietorships, and small businesses.
  2. Corporate Mortgage Loans: Addressing the needs of residential project developers.

The ICCL clientele is broad, including paid and self-employed individuals, as well as small and medium-sized organizations.

Distinguished by its extensive operational footprint, ICCL boasts a pan-India presence, with offices strategically located across Tier I, Tier II, and Tier III cities. A dedicated sales team comprising over 3,500 proficient employees further amplifies its outreach.

ICCL is ready to embark on a big endeavor, listing its debt securities on the mainboard exchange, which will complement its strategic trajectory.. This strategic move not only underscores the company’s growth aspirations but also introduces an additional avenue for investment, thereby expanding opportunities for prospective investors.

Indiabulls Commercial Credit NCD January 2023 Detail

Issue Open Jan 5, 2023 – Jan 27, 2023
Security Name Indiabulls Commercial Credit Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 1,000.00 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 CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA/ Stable by ICRA Limited.
Tenor 24, 36, and 60 Months
Series Series I to VIII
Payment Frequency Annual, Cumulative and Monthly
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Beacon Trusteeship Limited

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 30%
Non-Institutional 10%
HNI 30%
Retail 30%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 300,000
Non-Institutional 100,000
HNI 300,000
Retail 300,000
Total NCD’s 1,000,000

Coupon Rates

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
Nature Secured
Tenor 24 months 24 months 24 months 36 months 36 months 36 months 60 months 60 months
Coupon Rate (Retail) 9.80% NA 9.40% 10.05% NA 9.61% 10.30% 9.85%
Effective Yield (% per Annum) 9.79% 9.80% 9.80% 10.04% 10.05% 10.04% 10.29% 10.30%
Amount on Maturity Rs 1,000 Rs 1,197.15 Rs 1,000 Rs 1,000 Rs 1,315.10 Rs 1,000 Rs 1,000 Rs 1,000

NCD Rating

The NCDs proposed to be issued under this Issue have been rated “CRISIL AA/Stable” (pronounced as CRISIL double A rating with stable outlook) by CRISIL Ratings and “[ICRA]AA (Stable)” (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited. Instruments with this rating are considered to have high degree of safety.

Company Financials

Indiabulls Commercial Credit Limited Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth
31-Mar-20 16387.3 2191.28 19.81 4406.95
31-Mar-21 15873.26 1632.94 139.04 4553.2
31-Mar-22 13143.65 1841.88 508.22 5064.84
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilize the funds to be raised through this Tranche I Issue towards funding the following 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.

Indiabulls Commercial Credit NCD January 2023 Prospectus

Indiabulls Commercial Credit NCD January 2023 Subscription Status

The Indiabulls Commercial Credit NCD January 2023 was subscribed 1.23 times on Jan 27, 2023 5:00:00 PM. The NCD subscribed 2.19 times in Retail, 0.11 times in HNI, 5.37 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ? Subscription (times)
Retail 2.19x
HNI 0.11x
Non-Institutional 5.37x
Institutional 0.00x
Total 1.23x

Check Day by Day Bidding Details

Company Contact Information

Indiabulls Commercial Credit Limited
5th Floor, Building No. 27,
KG Marg, Connaught Place,
New Delhi-110001Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Websitehttp://www.indiabullscommercialcredit.com/

Indiabulls Commercial Credit NCD January 2023 Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000
Email: iccl.ncdipo@kfintech.com
Websitehttps://kosmic.kfintech.com/ipostatus/

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Indore Municipal Corporation NCD https://ipowhisky.com/ipo-resource/indore-municipal-corporation-ncd/ https://ipowhisky.com/ipo-resource/indore-municipal-corporation-ncd/#respond Sat, 12 Aug 2023 20:26:01 +0000 https://ipowhisky.com/?post_type=docs&p=1629 The Indore Municipal Corporation (IMC), established in 1956, is a pivotal municipal authority governing Indore, Madhya Pradesh. IMC, led by Mayor Shri Pushyamitra Bhargav and Commissioner Smt. Pratibha Pal, plays a crucial role in the city's governance. It holds a 50% stake in the Indore Smart City Development Limited (ISCDL) and is now issuing secured NCDs. Rated IND AA+ by India Ratings and CARE AA by CARE Ratings, these NCDs offer a safe investment avenue. Subscribe to IMC's NCDs to support the development of a 60 MW Captive Solar PV Power Plant and contribute to Indore's progress.

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The Indore Municipal Corporation (IMC) was established in 1956 in accordance with Article 243Q(1)(c) of the Constitution of India, 1949, as per the Madhya Pradesh Municipal Corporation Act, 1956. Serving as the primary municipal authority of Indore city, IMC plays a vital role in its governance. Currently, Shri Pushyamitra Bhargav holds the position of Mayor, while Smt. Pratibha Pal, IAS, serves as the Commissioner (Nagar Aayukt) of the Corporation.

Indore, the largest city in Madhya Pradesh, stands as a bustling metropolis with a significant population. It functions as the administrative center for both Indore District and Indore Division. The city holds distinction as an educational hub, hosting esteemed institutions like the Indian Institute of Technology and the Indian Institute of Management.

The responsibilities of the municipal corporation encompass the enforcement of the MPMC Act. Additionally, the Indore Municipal Corporation holds a 50% equity stake in the Indore Smart City Development Limited (ISCDL). This entity operates as a Special Purpose Vehicle, dedicated to the implementation of the smart city initiative proposed by the Indore Municipal Corporation under the Smart City Mission (SCM).

Indore Municipal NCD February 2023 Detail

Issue Open Feb 10, 2023 – Feb 14, 2023
Security Name Indore Municipal Corporation
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 122.00 Crores
Issue Size (Shelf) Rs 244.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At NSE
Credit Rating IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited.
Tenor 3, 5, 7, and 9 years
Series Series I
Payment Frequency Half yearly
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Vistra Itcl India Limited

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 25%
Non-Institutional 25%
HNI 25%
Retail 25%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 305,000
Non-Institutional 305,000
HNI 305,000
Retail 305,000
Total NCD’s 1,220,000

NCD Rating

The company has received rating of IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited for the bonds proposed to be issued pursuant to this Issue.

Company Financials

Indore Municipal Corporation Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Reserves and Surplus
31-Mar-20 5,119.80 1,675.36 258.80 4,152.11
31-Mar-21 5,991.88 1,564.94 265.53 4,616.16
31-Mar-22 6,373.51 1,807.43 303.01 4,994.85
Amount in ₹ Crore

Objects of the Issue

The Corporation proposes to utilize the proceeds raised through the Issue towards Funding capital expenditure towards the installation of 60 MW Ground Mounted Captive Solar PV Power Plant at Village Samraj & Ashukhedi, District Khargone in Madhya Pradesh.

Coupon Rates

Series 1
STRPP with different ISIN STRPP A STRPP B STRPP C STRPP D
Nature Secured
Frequency of Interest Payment Half Yearly
Tenor 3 Years 5 Years 7 Years 9 Years
Coupon Rate (Retail) 8.25% 8.25% 8.25% 8.25%
Effective Yield (% per Annum) 8.41% 8.41% 8.41% 8.42%

Indore Municipal NCD February 2023 Prospectus

Indore Municipal NCD February 2023 Subscription Status

The Indore Municipal NCD February 2023 was subscribed 0.41 times on Feb 14, 2023 5:00:00 PM. The NCD subscribed 0.30 times in Retail, 0.02 times in HNI, 1.31 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ? Subscription (times)
Retail 0.30x
HNI 0.02x
Non-Institutional 1.31x
Institutional 0.00x
Total 0.41x

Check Day by Day Bidding Details

Company Contact Information

Indore Municipal Corporation
Narayan Singh Saput Marg,
Shivaji Market, Rajwada, Nagar Nigam,
Indore-452007Phone: +91 0731-2431610
Email: aoimc@imcindore.org
Websitehttps://imcindore.mp.gov.in/

Indore Municipal NCD February 2023 Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000
Email: imc.bonds@kfintech.com
Websitehttps://kosmic.kfintech.com/ipostatus/

Indore Municipal NCD February 2023 Lead Manager(s)

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Muthoot Finance Limited NCD https://ipowhisky.com/ipo-resource/muthoot-finance-limited-ncd-2/ https://ipowhisky.com/ipo-resource/muthoot-finance-limited-ncd-2/#respond Sat, 12 Aug 2023 20:25:49 +0000 https://ipowhisky.com/?post_type=docs&p=1611 Muthoot Finance Limited, established in 1997, is a leading Kerala-based NBFC specializing in gold loans and offers a diverse portfolio, including housing finance, personal loans, insurance, and more. With a vast network of branches and a strong workforce, Muthoot Finance manages over 8 million gold loan accounts. The company's Tranche V NCD issue is a secure investment option with credit rating AA+/Stable by ICRA. Subscribe to support its growth and contribute to India's financial landscape.

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Founded in 1997, Muthoot Finance Limited stands as a prominent Kerala-based NBFC specializing in gold loans, with a remarkable heritage spanning eight centuries of family business legacy. The company’s comprehensive range of offerings encompasses Gold loans, Housing Finance (Home Loans), Personal loans, Insurance, Gold Coins, Money Transfer Services, Foreign Exchange, Mutual Funds, Micro Finance, and Vehicle loans.

As of September 30, 2022, Muthoot Finance’s Gold Loan portfolio exhibited a substantial presence, encompassing approximately 8.16 million loan accounts across India. These loans were efficiently managed through a network of 4,641 branches distributed across 22 states, the national capital territory of Delhi, and six union territories. With an unwavering commitment to its operations, the company’s workforce includes 27,204 dedicated individuals.

As of March 31, 2022, Muthoot Finance Limited’s financial stature is underpinned by borrowings totaling Rs. 276,630.69 million, sourced from reputable banks and financial institutions. The company’s enduring legacy, extensive operational reach, and diverse portfolio reinforce its position as a significant player within the financial landscape.

Muthoot Finance Limited Tranche V NCD Feb 2023 Detail

Issue Open Feb 8, 2023 – Mar 3, 2023
Security Name Muthoot Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 500.00 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
Credit Rating AA+/Stable by ICRA.
Tenor 25, 37 and 61 months
Series Series I to VII
Payment Frequency Monthly and Annually
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Idbi Trusteeship Services Ltd.

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 5%
Non-Institutional 5%
HNI 40%
Retail 50%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 50,000
Non-Institutional 50,000
HNI 400,000
Retail 500,000
Total NCD’s 1,000,000

Muthoot Finance Limited NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7
Frequency of Interest Payment Monthly Monthly Annual Annual Annual Cumulative Cumulative
Nature Secured Secured Secured Secured Secured Secured Secured
Tenor 37 months 61 months 25 months 37 months 61 months 37 months 61 months
Coupon Rate (Retail) 8.25% 8.35% 8.25% 8.50% 8.60% NA NA
Effective Yield (% per Annum) 8.25% 8.35% 8.25% 8.50% 8.60% 8.50% 8.60%
Amount on Maturity Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,286.34 Rs 1,521.42

NCD Rating

The NCDs proposed to be issued under this Issue have been rated [ICRA] AA+/Stable (pronounced as ICRA Double A plus rating with stable outlook) by ICRA.

Company Promoters

George Thomas Muthoot, George Jacob Muthoot and George Alexander Muthoot are the company promoters.

Company Financials

Muthoot Finance Limited Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth
31-Mar-20 54881.69 9707.27 3168.68 11829.21
31-Mar-21 68641.44 11566.42 3818.87 15575.02
31-Mar-22 76316.47 12237.46 4031.32 18785.72
Amount in ₹ Crore

Objects of the Issue

The Net Proceeds raised through this Tranche V Issue will be utilised for following activities:

  1. For the purpose of lending – minimum of 75% of the amount raised and allotted in the Issue
  2. For General Corporate Purposes – shall not exceed 25% of the amount raised and allotted in the Issue

Muthoot Finance Limited Tranche V NCD Feb 2023 Prospectus

Muthoot Finance Limited Tranche V NCD Feb 2023 Subscription Status

The Muthoot Finance Limited Tranche V NCD Feb 2023 was subscribed 3.07 times on Mar 3, 2023 5:00:00 AM. The NCD subscribed 4.63 times in Retail, 1.73 times in HNI, 1.24 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ? Subscription (times)
Retail 4.63x
HNI 1.73x
Non-Institutional 1.24x
Institutional 0.00x
Total 3.07x

Check Day by Day Bidding Details

Company Contact Information

Muthoot Finance Limited
2nd Floor, Muthoot Chambers,
Opposite Saritha Theatre Complex,
Banerji Road, Kochi 682 018Phone: (+91 484) 239 4712
Email: ncd@muthootgroup.com
Websitehttps://www.muthootfinance.com/

Muthoot Finance Limited Tranche V NCD Feb 2023 Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: mfl.ncd2022@linkintime.co.in
Websitehttps://linkintime.co.in/mipo/ipoallotment.html

Muthoot Finance Limited Tranche V NCD Feb 2023 Lead Manager(s)

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KLM Axiva Finvest Limited NCD https://ipowhisky.com/ipo-resource/klm-axiva-finvest-limited-ncd/ https://ipowhisky.com/ipo-resource/klm-axiva-finvest-limited-ncd/#respond Sat, 12 Aug 2023 20:25:40 +0000 https://ipowhisky.com/?post_type=docs&p=1600 KLM Axiva Finvest Ltd is a non-deposit taking NBFC that serves the financial needs of low and middle-income individuals and businesses. Their services include gold loans, MSME loans, personal loans, microfinance loans, and vehicle loans. With a substantial Asset Under Management (AUM), the company operates through 342 branches across Kerala, Karnataka, Tamil Nadu, and Telangana. Invest in their secured NCDs with ratings of IND BBB-/Stable by India Ratings for attractive coupon rates and support their mission of financial inclusion.

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KLM Axiva Finvest Ltd stands as a non-deposit taking non-banking finance company, diligently catering to the financial needs of both low and middle income individuals and businesses. Its operations are primarily structured around four distinct business verticals:

  1. Gold Loan: Providing loans against the pledge of household gold jewelry by individual borrowers.
  2. MSME Loans: Extending financial support to small and medium-sized enterprises encompassing businessmen, manufacturers, traders, and self-employed professionals.
  3. Personal Loans: Offering loans to individual customers secured by tangible collaterals.
  4. Microfinance Loans: Dedicated to lending money to women customers, serving both their personal and business-oriented requirements.
  5. Vehicle Loans: Facilitating 2-wheeler loans tailored specifically for women customers.

As of September 30, 2021, KLM Axiva Finvest Ltd boasts a noteworthy Asset Under Management (AUM) figure, amounting to Rs. 94170.90 lakhs.

The company’s comprehensive product portfolio and operational reach are evidenced by its presence. As of December 31, 2021, KLM Axiva Finvest Ltd operates through a network of 342 branches spanning across four states: Kerala, Karnataka, Tamil Nadu, and Telangana. This widespread presence underscores its commitment to extending financial solutions to a diverse clientele.

KLM Axiva Finvest NCD February 2023 Detail

Issue Open Feb 20, 2023 – Mar 3, 2023
Security Name KLM Axiva Finvest Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 125.00 Crores
Issue Size (Shelf) Rs 125.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 5 NCD
Market Lot 1 NCD
Listing At BSE
Credit Rating IND BBB-/Stable by India Ratings & Research Private Limited
Tenor 400 days, 16, 82, 18 months, 2, 3, 5 years
Series Series I to X
Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Vistra Itcl India Limited

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 10%
Non-Institutional 40%
Retail 50%
Category 4 0%

KLM Axiva Finvest Limited NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9 Series 10
Frequency of Interest Payment Monthly Cumulative Monthly Monthly Annual Monthly Annual Monthly Annual Cumulative
Nature Secured Secured Secured Secured Secured Secured Secured Secured Secured Secured
Tenor 400 Days 16 Months 18 Months 2 Years 2 Years 3 Years 3 Years 5 Years 5 Years 82 Months
Coupon (% per Annum) 8.75% NA 9.10% 9.25% 9.50% 9.50% 9.75% 10.50% 10.75% NA
Effective Yield (% per Annum) 9.11% 9.45% 9.49% 9.65% 9.50% 9.92% 9.75% 11.02% 10.75% 10.68%
Amount on Maturity (In Rs.) Rs 1,000.00 Rs 1,128.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 1,000.00 Rs 2,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated “IND BBB-/Stable”, by India Ratings & Research Private Limited (“India Ratings”) for an amount up to ₹ 25,000 lakhs.

Company Promoters

Ms. Biji Shibu is the promoter of the company.

Company Financials

KLM Axiva Finvest Limited Financial Information (Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth
31-Mar-20 571.77 102.25 0.53 64.07
31-Mar-21 824.18 126.52 7.14 83.93
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the funds which are being raised through the Issue:

1. For the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings.

2. General Corporate Purposes

KLM Axiva Finvest NCD February 2023 Prospectus

Company Contact Information

KLM Axiva Finvest Limited
Door No. 3-3-408/1, First Floor, RTC Colony,
Opposite SBI Bank, LB Nagar, Mansoorabad,
Rangareddi, Hyderabad – 500 074, Telangana, IndiPhone: +91-40-48542753
Email: cs@klmaxiva.com
Websitehttp://www.klmaxiva.com/

KLM Axiva Finvest NCD February 2023 Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000
Email: klmaxiva.ncd@kfintech.com
Websitehttps://kosmic.kfintech.com/ipostatus/

 

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Indiabulls Housing Finance Limited NCD https://ipowhisky.com/ipo-resource/indiabulls-housing-finance-limited-ncd-2/ https://ipowhisky.com/ipo-resource/indiabulls-housing-finance-limited-ncd-2/#respond Sat, 12 Aug 2023 20:25:25 +0000 https://ipowhisky.com/?post_type=docs&p=1586 Indiabulls Housing Finance Limited, a leading player in India's housing finance sector, is set to launch its Tranche V NCD issue in March 2023. With a strong network of 164 branches across India, the company offers various mortgage lending services. These secured NCDs have attractive coupon rates and credit ratings from CRISIL and ICRA, making them an appealing investment option for investors seeking stability and returns. The funds raised will be used for lending and general corporate purposes. Subscribe to this NCD issue for potential financial growth while contributing to India's housing finance sector.

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Established in 2005, Indiabulls Housing Finance Limited specializes in providing mortgage lending services. Positioned as a leading entity within India’s housing finance sector, it holds the distinguished status of being the flagship company of the renowned Indiabulls Group. The company’s extensive array of services encompasses Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans, among other offerings.

As of September 30, 2022, Indiabulls Housing Finance Limited operates through a well-established network of 164 branches strategically distributed across India. This expansive reach translates into a comprehensive pan-India presence, facilitating seamless customer interaction and service. Further enhancing its customer engagement, the company boasts a dedicated direct sales team comprising 2,200 skilled employees stationed throughout the network.

The financial robustness of Indiabulls Housing Finance Limited is underscored by its commendable credit ratings. Specifically, it holds a long-term credit rating of “AA; Outlook Stable” from both CRISIL and ICRA. Alongside this, the company has received a “AA; Outlook Negative” rating from CARE Ratings, as well as a “AA+; Outlook Stable” rating from Brickwork Ratings for its non-convertible debentures and subordinated debt programme.

Indiabulls Housing Finance Tranche V NCD Mar 2023 Detail

Issue Open Mar 3, 2023 – Mar 17, 2023
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 by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited.
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
Debenture Trustee/s Idbi Trusteeship Services Ltd.

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 30%
Non-Institutional 10%
HNI 30%
Retail 30%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 300,000
Non-Institutional 0
HNI 0
Retail 0
Total NCD’s 1,000,000

Indiabulls Housing Finance Limited NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Annual Monthly Cumulative Annual Monthly Cumulative Annual Quarterly
Nature Secured Secured Secured Secured Secured Secured Secured Secured
Tenor 24 Months 24 Months 24 Months 36 Months 36 Months 36 Months 60 Months 60 Months
Coupon (% per Annum) 9.65% 9.25% NA 9.90% 9.48% NA 10.15% 9.71%
Effective Yield (% per Annum) 9.64% 9.64% 9.65% 9.88% 9.89% 9.90% 10.14% 10.15%
Amount on Maturity (In Rs.) Rs 1,000.00 Rs 1,000.00 Rs 1,193.85 Rs 1,000.00 Rs 1,000.00 Rs 1,309.70 Rs 1,000.00 Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (Stable) by ICRA Limited with such ratings considered to have a stable outlook.

Company Promoters

Mr. Sameer Gehlaut is the promoter of the company.

Company Financials

Indiabulls Housing Finance Limited Financial Information (Restated Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth
31-Mar-20 102,872.03 13,223.23 2,165.92 16,616.23
31-Mar-21 93,239.03 10,030.12 1,201.59 16,076.03
31-Mar-22 81,973.32 8,993.90 1,177.74 15,479.82
Amount in ₹ Crore

Objects of the Issue

The Company proposes to utilise the funds which are being raised through this Tranche V Issue towards funding the following objects:

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

Indiabulls Housing Finance Tranche V NCD Mar 2023 Prospectus

Indiabulls Housing Finance Tranche V NCD Mar 2023 Subscription Status

The Indiabulls Housing Finance Tranche V NCD Mar 2023 was subscribed 1.99 times on Mar 17, 2023 5:00:00 PM. The NCD subscribed and 0.29 times in the Institutional category.

Category ? Subscription (times)
Institutional 0.29x
Total 1.99x

Check Day by Day Bidding Details

Company Contact Information

Indiabulls Housing Finance Limited
5th Floor, Building No. 27
KG Marg Connaught Place,
New Delhi – 110 001Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Websitehttp://www.indiabullshomeloans.com/

Indiabulls Housing Finance Tranche V NCD Mar 2023 Registrar

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
Websitehttps://kosmic.kfintech.com/ipostatus/

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Indiabulls Commercial Credit Limited NCD https://ipowhisky.com/ipo-resource/indiabulls-commercial-credit-limited-ncd/ https://ipowhisky.com/ipo-resource/indiabulls-commercial-credit-limited-ncd/#respond Sat, 12 Aug 2023 20:25:05 +0000 https://ipowhisky.com/?post_type=docs&p=1576 Indiabulls Commercial Credit Limited (ICCL), a subsidiary of Indiabulls Housing Finance Limited, is a Delhi-based non-deposit-taking NBFC with a strong presence in India's financial landscape. With over 3,500 employees and operations spanning Tier I, Tier II, and Tier III cities, ICCL provides retail and corporate mortgage loans. In April 2023, they are set to list secured NCDs on the mainboard exchange, offering investment opportunities. These NCDs, with attractive coupon rates and high credit ratings from CRISIL and ICRA, provide stability and potential returns. Funds raised will support lending and general corporate purposes, marking a significant growth phase for ICCL.

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Established in 2006 and headquartered in Delhi, Indiabulls Commercial Credit Limited (ICCL) operates as a non-deposit-taking NBFC. It operates as a fully-owned subsidiary of Indiabulls Housing Finance Limited (IHFL), a prominent figure in India’s housing finance landscape.

Furthermore, ICCL holds the distinction of being recognized as a notified financial institution under the SARFAESI Act.

The core focus of ICCL centers on extending long-term secured mortgage-backed loans, underscoring its commitment to financial stability. The company’s offerings fall within the following categories:

  1. Retail mortgage loans, catering to self-employed individuals, proprietorships, and small businesses.
  2. Corporate mortgage loans, dedicated to residential project developers.

Indiabulls Commercial Credit Limited’s diverse customer base includes both salaried and self-employed individuals, as well as small and medium-sized enterprises.

With a robust presence extending across Tier I, Tier II, and Tier III cities, ICCL operates pan-India, ensuring accessibility to a wide range of clients. A formidable sales team of over 3,500 employees propels its operations, further solidifying its market reach and influence.

Presently, the company is embarking on a significant initiative, gearing up to list its debt securities on the mainboard exchange. This strategic move aims to offer additional investment opportunities to prospective investors, marking an important phase of growth and expansion for ICCL.

Indiabulls Commercial Credit NCD April 2023 Detail

Issue Open Apr 3, 2023 – Apr 19, 2023
Security Name Indiabulls Commercial Credit Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 200.00 Crores
Issue Size (Shelf) Rs 1,000.00 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 CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited.
Tenor 24, 36, and 60 Months
Series Series I to VIII
Payment Frequency Annual, Cumulative and Monthly
Basis of Allotment First Come First Serve Basis
Debenture Trustee/s Beacon Trusteeship Limited

NCD Allocation Ratio

Category ? NCD’s Allocated
Institutional 30%
Non-Institutional 10%
HNI 30%
Retail 30%

NCD’s Offered by Category

Category ? NCD’s Reserved
Institutional 300,000
Non-Institutional 100,000
HNI 300,000
Retail 300,000
Total NCD’s 1,000,000

Indiabulls Commercial Credit Limited NCD Coupon Rates

# Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Annual Monthly Cumulative Annual Monthly Cumulative Annual Monthly
Nature Secured Secured Secured Secured Secured Secured Secured Secured
Tenor 24 Months 24 Months 24 Months 36 Months 36 Months 36 Months 60 Months 60 Months
Coupon (% per Annum) 10.00% 9.57% NA 10.25% 9.80% NA 10.50% 10.03%
Effective Yield (% per Annum) 9.98% 9.99% 10.00% 10.23% 10.24% 10.25% 10.49% 10.50%
Amount on Maturity (In Rs.) Rs 1,000.00 Rs 1,000.00 Rs 1,201.55 Rs 1,000.00 Rs 1,000.00 Rs 1,322.30 Rs 1,000.00 Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated “CRISIL AA/Stable” (pronounced as CRISIL double A rating with stable outlook) by CRISIL Ratings and [ICRA]AA (Stable) (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited. Instruments with this rating are considered to have high degree of safety.

Company Promoters

Indiabulls Housing Finance Limited is the promoter of the company.

Company Financials

Indiabulls Commercial Credit Limited Financial Information (Restated Consolidated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth
31-Mar-20 16,387.30 2,191.28 19.81 4,406.95
31-Mar-21 15,873.26 1,632.94 139.04 4,553.20
31-Mar-22 13,143.65 1,841.88 508.22 5,064.84
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the funds towards funding the following objects:

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

Indiabulls Commercial Credit NCD April 2023 Prospectus

Indiabulls Commercial Credit NCD April 2023 Subscription Status

The Indiabulls Commercial Credit NCD April 2023 was subscribed 1.23 times on Apr 19, 2023 5:00:00 PM. The NCD subscribed 2.01 times in Retail, 0.17 times in HNI, 5.77 times in Non-Institutional, and 0.00 times in the Institutional category.

Category ? Subscription (times)
Retail 2.01x
HNI 0.17x
Non-Institutional 5.77x
Institutional 0.00x
Total 1.23x

Check Day by Day Bidding Details

Company Contact Information

Indiabulls Commercial Credit Limited
5th Floor, Building No. 27,
KG Marg, Connaught Place,
New Delhi-110001Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Websitehttp://www.indiabullscommercialcredit.com/

Indiabulls Commercial Credit NCD April 2023 Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000
Email: iccl.ncdipo@kfintech.com
Websitehttps://kosmic.kfintech.com/ipostatus/

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