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NCD Status: Closed [7th Dec 2023 to 20th Dec 2023]
Indiabulls Housing Finance issues secured and redeemable NCDs worth base issue size of Rs 200 crores and shelf size of Rs 2000 crores. The NCD opens for subscription from 7 Dec to 20 Dec 2023. Investors can subscribe for a minimum ticket size of Rs 10,000 crores or 10 NCDs. The NCD tenor is 24, 36, 60, 84, and 120 months and the coupon rate ranges from 9.65% to 10.25%. Check more details about Indiabulls Housing Finance NCD 2023 including credit rating, coupon rates, effective yield, frequency of payment, and a lot more.
| NCD Opening Date: | 7th Dec 2023 |
| NCD Closing Date: | 20th Dec 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 | 7th Dec 2023 |
| NCD Issue Close | 20th Dec 2023 |
| BSE Code: | 3225 |
| BSE Script Symbol: | IHFLXI |
| NSE Code: | IHFLXI |
* - 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 is a non-deposit-taking housing finance company. It offers housing loans and loans against property to different client base including salaried people, micro, small, and medium-sized enterprises, and corporates.
It primarily offers long-term secured mortgage-backed loans to real estate developers in India.
As of Sep 30, 2023, the company’s loan book value was Rs 54,340.74 crores on a standalone basis. Its gross NPA to loan book was 3.37% and net NPA reported is 1,94%.
The firm has 218 branches all over the country.
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 | |||
| Reserves and Surplus | 18,353.75 | 17,678.34 | 17,255.64 |
| 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% | NA | 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% | 9.89% | 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 1,202.65 | Rs 1,000.00 | Rs 1,000.00 | 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 |
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 2023-12-23T05:32:59+00:00
