The Non-Convertible Debentures issued by Indiabulls Housing Finance Limited starts from July 10th, 2023 to July 21st, 2023. This NCD has been rated CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited.
Eight separate series of NCDs are being issued, with terms varying from 24 months to 60 months and coupons ranging from 8.88 % p.a. to 10.15 % p.a. The maximum amount the company hopes to raise is Rs 900 crore with a Face value of Rs. 1000 each NCD and a minimum lot size of 10 NCD. The NCDs have a redeemable and secure nature. Let’s investigate more details and get into greater detail about this NCD issue.
About Indiabulls Housing Finance Limited
Established in 2005, Indiabulls Housing Finance Limited is a prominent mortgage lending company in India and serves as the flagship entity of the Indiabulls Group. With a comprehensive range of services including Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans, they cater to diverse housing finance needs. With a pan-India presence, the company operates through a network of 164 branches, enabling direct interaction and efficient customer service. They boast a dedicated sales team of 2,200 employees spread across their branch network.
Indiabulls Housing Finance Limited holds impressive credit ratings, with “AA; Outlook Stable” from CRISIL and ICRA, “AA; Outlook Negative” from CARE Ratings, and “AA+; Outlook Stable” from Brickwork Ratings for their non-convertible debentures and subordinated debt program.
Indiabulls Housing Finance Limited NCD 2023 – Issue Details
| Issue Type | Secured, Redeemable, Non-Convertible Debentures |
| Issue Company | Indiabulls Housing Finance Limited |
| Issue Open | July 10th, 2023 |
| Issue Close | July 21st, 2023 |
| Coupon Rate (ROI) | 8.88 % p.a. to 10.15 % p.a. |
| Face Value | Rs. 1000 |
| Issue Price | Rs. 1000 |
| Issue Size | Base – Rs. 200 Cr., Shelf – Rs. 2000 Cr. |
| Minimum Order Quantity | 10 NCDs (Rs. 10,000) |
| Listing | BSE, NSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
Indiabulls Housing Finance Limited NCD 2023 – Objects of the Issue
The proceeds from the Issue will be used as follows, as stated by the company:
- 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 Limited NCD Issue
This NCD issue has been rated CRISIL AA/Stable by CRISIL Ratings Limited.
Indiabulls Housing Finance Limited – Company Contact Details
- Address: 5th Floor, Building No. 27 KG Marg Connaught Place, New Delhi – 110 001.
- Telephone: +91 11 4353 2950
- Website: http://www.indiabullshomeloans.com/
Indiabulls Housing Finance Limited NCD 2023 – Lead Manager of the Issue
The lead manager for this NCD issue is Edelweiss Financial Services Ltd, Elara Capital (India) Private and Trust Investment Advisors Private Limited.
Indiabulls Housing Finance Limited NCD 2023 – Registrar of the Issue
The registrar of this NCD issue is Kfin Technologies Limited
Indiabulls Housing Finance Limited NCD 2023 – Debenture Trustee
The trustee of this debenture issued by Indiabulls Housing Finance Limited is Idbi Trusteeship Services Ltd.
Issue Documents
Please click here to read the final issue prospectus for detailed information on Indiabulls Housing Finance Limited NCD issue 2023.
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.
