Indiabulls NCD 2019: Indiabulls Consumer Finance Limited is issuing the Non-Convertible Debentures (NCDs) from 31st July 2019 to 30th August 2019 for investment. Indiabulls Consumer Finance Ltd is a subsidiary of Indiabulls Venture Ltd and belongs to the Gurgaon-based Indiabulls group which a leading financial services conglomerate in India. It is engaged primarily in housing finance services, consumer financial services and wealth management services. It is a Non-Banking Financial Company (NBFC) registered with RBI. It was recently in the popularity after launching its online financing platform – Dhani.
Indiabulls NCD 2019 – Issue Details
| Issue Type | Secured Redeemable Non-Convertible Debentures |
|---|---|
| Issuer | Indiabulls Consumer Finance Limited |
| Issue Opens | 31st July 2019 |
| Issue Closes | 30th August 2019 |
| Interest | Up to 10.52% |
| Face Value | Rs 1,000 Per NCD |
| Issue Size | Rs 900 Crores |
| Minimum Order Quantity | 10 NCD (Rs 10,000) |
| Listing | BSE, NSE |
Indiabulls NCD 2019 – Objects to the Issue
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 general corporate purposes, which will be a maximum of 25%.
Indiabulls NCD 2019 – Ratings of the NCD
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. It has a diversified lender base including PSUs, private banks, mutual funds, provident funds, pension funds etc.
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
Click here to see the financials of the company.
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
Indiabulls NCD 2019 – Lead Managers to the Issue
- Edelweiss Financial Services Limited
- A.K. Capital Services Limited
- Axis Bank Limited
- Trust Investment Advisors Private Limited
Indiabulls NCD 2019 – Registrar to the Issue
Indiabulls NCD 2019 – Debenture 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.
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Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Indiabulls NCD 2019
