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:
- Retail Mortgage Loans: Tailored to cater to self-employed individuals, proprietorships, and small businesses.
- 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 |
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 #
| 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:
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- 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 #
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 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
Website: https://kosmic.kfintech.com/ipostatus/
