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NCD Status: Closed [20th Oct 2023 to 3rd Nov 2023]
India bulls Housing Finance Limited is issuing secured and redeemable NCDs with a base issue size of Rs 200.00 Cr and shelf issue size of Rs 2000.00 Cr. The subscription period is from October 20, 2023 to November 3, 2023 and the company is issuing Series I to XII at an issue price of Rs. 1000 per NCD. The NCDs can be subscribed for a minimum amount of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs. 1000. The tenure of the NCDs is 24, 36, 60, 84, and 120 months with a coupon rate of 9.25% to 10.75% per annum.
Learn more about India bulls Housing Finance Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 20th Oct 2023 |
| NCD Closing Date: | 3rd Nov 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹200.00Cr |
| Issue Size (Shelf): | ₹2000.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE, NSE |
| Tenor: | 24, 36, 60, 84 and 120 Months |
| Rating: | “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited |
| Series: | Series I to XII |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 20th Oct 2023 |
| NCD Issue Close | 3rd Nov 2023 |
| BSE Code: | 3184 |
| BSE Script Symbol: | IBHFL10 |
| NSE Code: | IBHFLX |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 300000 | 30% |
| Non-Institutional | 100000 | 10% |
| HNI | 300000 | 30% |
| Retail | 300000 | 30% |
IndiaBulls Housing Finance Limited was incorporated in May 2005. As measured by AUM, it is one of the largest housing finance companies ("HFC") in India. It is a non-deposit taking HFC and is registered with the NHB. It is also a registered financial institution under the SARFAESI Act. They primarily focus on long-term, mortgage-backed loans. They primarily offer home loans and real estate loans to their target clientele of employees and the self-employed. In the future, such loans will also be offered to small and medium-sized enterprises. They also offer mortgage loans to real estate developers in India in the form of rental discounts for commercial premises and construction financing for the construction of residential buildings. A large portion of assets under management ("AUM") consists of home loans, including in the affordable housing segment.
Offices include head offices, master service centres, branches and service centres. Their network enables us to have an India-wide presence in Tier I, Tier II and Tier III cities in India. Their network also enables us to interact with and service customers at the local level, while ensuring that key credit decisions are made only at regional centres in accordance with established internal parameters and protocols. As of July 31, 2020, the company had a direct sales team of more than 1,000 employees spread across the network.
Indiabulls Housing Finance Limited's revenue decreased by -2.98% and profit after tax (PAT) dropped by -4.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 74,945.24 | 81,973.32 | 93,239.03 |
| Revenue | 8,725.79 | 8,993.90 | 10,030.12 |
| Profit After Tax | 1,127.68 | 1,177.74 | 1,201.59 |
| Net Worth | 17,303.42 | 16,616.23 | 16,076.03 |
| Reserves and Surplus | |||
| Total Borrowing | |||
| Amount in ₹ Crore | |||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Indiabulls Housing Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Annual | Monthly | Annual | Monthly |
| Nature | Secured | Secured | Secured | Secured | 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 | 84 Months | 84 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 9.65% | 9.25% | 9.65% | 9.90% | 9.48% | NA | 10.15% | 9.71% | 10.50% | 10.03% | 10.75% | 10.25% |
| Effective Yield (% per Annum) | 9.64% | 9.64% | 9.65% | 9.88% | 9.89% | 9.90% | 10.14% | 10.14% | 10.49% | 10.49% | 10.74% | 10.74% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,202.60 | Rs 1,327.75 | 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 1,000.00 |
The Company has no identifiable promoters and is a professionally managed company.
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.
Last Updated on 2023-11-06T05:32:50+00:00
