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:
- Retail mortgage loans, catering to self-employed individuals, proprietorships, and small businesses.
- 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 |
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 #
| 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:
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company;
- 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 #
5th Floor, Building No. 27,
KG Marg, Connaught Place,
New Delhi-110001Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Website: http://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
Website: https://kosmic.kfintech.com/ipostatus/
