Established in 2005, Indiabulls Housing Finance Limited specializes in delivering mortgage lending services. A leading force in India’s housing finance sector, it stands as the flagship entity of the renowned Indiabulls Group. The company’s extensive repertoire encompasses an array of offerings, including Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans, among others.
As of September 30, 2022, Indiabulls Housing Finance Limited has established a formidable presence through a network of 164 branches that span across India. This extensive reach facilitates nationwide engagement with customers, ensuring efficient and widespread service. Complementing this network is a dedicated direct sales team consisting of 2,200 employees, strategically positioned throughout the branch network.
The company’s creditworthiness is underscored by its impressive credit ratings. Notably, Indiabulls Housing Finance Limited holds a long-term credit rating of “AA; Outlook Stable” from CRISIL and ICRA, while also securing a “AA; Outlook Negative” rating from CARE Ratings. Additionally, for its non-convertible debentures and subordinated debt programme, the company has earned a commendable “AA+; Outlook Stable” rating from Brickwork Ratings.
Indiabulls Housing Finance Tranche I NCD July 2023 Detail #
| Issue Open | Jul 10, 2023 – Jul 21, 2023 |
| 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 2,000.00 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 | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Idbi Trusteeship Services Ltd. |
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 | 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) | 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% | 10.14% |
| 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 #
The Company has no identifiable promoters and is a professionally managed company.
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 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 | 16,616.23 |
| 31-Mar-23 | 74,945.24 | 8,725.79 | 1,129.69 | 17,303.42 |
| Amount in ₹ Crore | ||||
Objects of the Issue #
The Company proposes to utilize the funds which are being raised through the 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.
- General corporate purposes.
Indiabulls Housing Finance Tranche I NCD July 2023 Prospectus #
Indiabulls Housing Finance Tranche I NCD July 2023 Subscription Status #
The Indiabulls Housing Finance Tranche I NCD July 2023 was subscribed 1.23 times on Jul 21, 2023 6:00:00 PM. The NCD subscribed 1.73 times in Retail, 0.47 times in HNI, 5.71 times in Non-Institutional, and 0.00 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 1.73x |
| HNI | 0.47x |
| Non-Institutional | 5.71x |
| Institutional | 0.00x |
| Total | 1.23x |
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Company Contact Information #
5th Floor, Building No. 27
KG Marg Connaught Place,
New Delhi – 110 001Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Website: http://www.indiabullshomeloans.com/
Indiabulls Housing Finance Tranche I NCD July 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
Website: https://kosmic.kfintech.com/ipostatus/
