Indiabulls NCD Issue 2019 – Indiabulls Consumer Finance Limited is issuing the Non-Convertible Debentures (NCDs) from 04 February 2019 to 04 March 2019.
Indiabulls NCD Issue 2019 Details
| Issue Type | Secured Redeemable Non-Convertible Debentures |
|---|---|
| Issuer | Indiabulls Consumer Finance Limited |
| Issue Opens | 04 February 2019 |
| Issue Closes | 04 March 2019 |
| Interest | Up to 11.00% |
| Face Value | Rs 1,000 Per NCD |
| Issue Size | Rs 3,000 Crores |
| Minimum Order | 10 NCD (Rs 10,000) |
| Listing | BSE, NSE |
(Read: Debenture – Fixed Income Investment)
Objects of the Indiabulls NCD Issue 2019
According to Indiabulls Consumer Finance Limited, the following are objectives to issue the NCD:-
- It has the purpose of further lending, financing, and for repayment and prepayment of interests and principals of existing borrowings of the company, which will be at least 75%, and
- For the general corporate purposes, which will be maximum 25%.
Rating of the Indiabulls NCD Issue 2019
The NCD has got the following ratings by two rating agencies:-
- CARE Ratings Limited: CARE AA/Stable
- Brickwork Ratings India Private Limited: BWR AA+/Stable
About Indiabulls Consumer Finance Limited
Indiabulls Consumer Finance Limited was incorporated in the year 1994. It is a non-deposit taking Non-Banking Financial Company (NBFC). It is a subsidiary of its parent company Indiabulls Ventures Limited which is India’s prominent financial services company. This company is primarily engaged in the business of personal loans, business loans and other loans. The company has launched a mobile application “Dhani”, which provides an easier lending facility to customers. The company is also using analytical techniques in delivering customized offers to customers. This company also provides online trading services.
Following are the key strengths of the company:-
- Strong recognition of the brand name of the company
- Country-wide reach and presence among the customer base
- Online marketing of the company’s loan products
- Customer sourcing and marketing models
- In-house loan monitoring
- In-House customer services team
Promoters: The company has the promoter Indiabulls Ventures Limited.
Address: Indiabulls House, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013.
Telephone: + 91-22-6189-1000
Website: www.indiabullsconsumerfinance.com
(Read: Security Market and Its Structure – Primary Market and Secondary Market)
Lead Managers to the Indiabulls NCD Issue 2019
- Edelweiss Financial Services Limited
- A.K. Capital Services Limited
- Axis Bank Limited
- Trust Investment Advisors Private Limited
Indiabulls NCD Issue 2019 Registrar
Karvy Computer Share Private Limited
Karvy Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Gachibowli, Hyderabad – 500 032.
Telephone: +91 4067162222
Indiabulls NCD Issue 2019 Trustee
IDBI Trusteeship Services Limited
Click here to visit the product description page.
Please click here and go through the draft prospectus of the issue.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Follow us on Facebook, LinkedIn, and Twitter to get the latest posts.
Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Indiabulls
