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. |
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 #
| 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:
- 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 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 |
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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 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
Website: https://kosmic.kfintech.com/ipostatus/
