11-May-2024
2 mins read
.jpg)
 1.jpg)
.jpg)
Indiabulls Housing Finance Limited NCD issue is open on Monday, 13 May 2024 and will close on Monday, 27 May 2024. It is a Secured, Redeemable, Non-Convertible Debenture. The overall issue size is of Rs 200 crores. The base issue size is 100 crore, and the oversubscription issue size remains 100 crore. Indiabulls Housing Finance NCD issue price is Rs 1000 per NCD and face value is Rs 1000 each NCD. The minimum lot size is 10 NCD. The basis of allotment is first come and first serve basis. The debenture Trustee is IDBI Trusteeship Services Limited. The listing is at BSE and NSE, the tenor is of 24, 36, 60, 84 and 120 months. The lead managers of Indiabulls Housing Finance Limited NCD are Nuvama Wealth Management Limited, Elara Capital India Private Limited, Trust Investment Advisors Private Limited. The registrar of this IPO issue is Kfin Technologies Limited.
About Indiabulls Housing Finance Limited
Indiabulls Housing Finance Limited was founded in 2005 and provides mortgage finance services. It is a Non-banking financial services company providing housing loans and other secured loans to salaried, self-employed, MSMEs and corporates. The company also offers mortgage loans to real estate developers in the form of lease rental discounting for commercial properties and construction loans for the construction of residential buildings. As per latest record in March 2024, the company had a network of 214 branches across the states of India and employed over 1,433 people in direct sales. As of March 31, 2023, the housing portfolio is 57%, and the non-housing portfolio is 43%. Indiabulls Housing Finance has a long-term credit rating of AA, stable from CRISIL and ICRA.
Objectives of Indiabulls Housing Finance NCD
After deducting the issue expenses, net funds received from this NCD issue will be utilised for financing, loans and repayment of interest and principal for the existing borrowings of the company. Additionally, the general corporate purposes will also be met.
Also Read | Viji Finance Limited Rights Issue: Read the complete details here
Financial Performance of Indiabulls Housing Finance (In Rs Crore)
Indiabulls Housing Finance Limited posted a revenue of Rs 8,725.79 crore and net profit of Rs 1,127.68 crore for the period ending on 31 March 2023. The company’s revenue decreased by -2.98% and PAT decreased by -4.25% between the financial year ending with 31st March 2023 and 31st March 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 |
| Reserves and Surplus | 18,353.75 | 17,678.34 | 17,255.64 |
Important Details of Indiabulls Housing Finance Limited NCD 2024
| Issue Open | May 13, 2024 - May 27, 2024 |
| Security Name | Indiabulls Housing Finance Limited |
| Security Type | Secured, Redeemable, NCD |
| Issue Size (Base) | Rs 100 Crores |
| Issue Size (Oversubscription) | Rs 100 Crores |
| Tranche Issue Size | Rs 200 Crores |
| Issue Size (Shelf) | Rs 2,000 Crores |
| Tranche Number | VI |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited. |
| Tenor | 24, 36, 60, 84 and 120 Months |
| Series | Series I to XII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee | IDBI Trusteeship Services Limited |
Coupon Rates of Indiabulls Housing Finance Limited NCD
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | |
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months |
| Coupon (% p.a) | 9.65% | 9.25% | NA | 9.90% | 9.48% | NA |
| Effective Yield (% p.a) | 9.65% | 9.65% | 9.65% | 9.90% | 9.90% | 9.90% |
| Amount on Maturity (In Rs.) | Rs 1,000 | Rs 1,000 | Rs 1,202.32 | Rs 1,000 | Rs 1,000 | Rs 1,327.38 |
| Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 | |
| Frequency of Interest Payment | Annual | Monthly | Annual | Monthly | Annual | Monthly |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 60 Months | 60 Months | 84 Months | 84 Months | 120 Months | 120 Months |
| Coupon (% p.a) | 10.15% | 9.71% | 10.50% | 10.03% | 10.75% | 10.25% |
| Effective Yield (% p.a) | 10.15% | 10.15% | 10.50% | 10.50% | 10.74% | 10.75% |
| Amount on Maturity (In Rs.) | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
NCD Rating
The NCD has been rated AA/Stable by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited.
NCD Allocation Ratio
Institutional 30%, Non-institutional 10%, HNI 30% and Retail 30%.
Lead Manager of Indiabulls Housing Finance Limited NCD
The lead manager for the Indiabulls Housing Finance Limited NCD is Nuvama Wealth Management Limited, Elara Capital India Private Limited, Trust Investment Advisors Private Limited.
How to Apply for Indiabulls Housing Finance Limited NCD?
Wait for the NCD to open for subscription, then click here to apply for this NCD online and in a hassle free way.
How do you check the allotment status of Indiabulls Housing Finance Limited NCD?
The Indiabulls Housing Finance Limited NCD 2024 registrar is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- When will the Indiabulls Housing Finance Limited NCD be open for subscription?
Indiabulls Housing Finance Limited NCD issue will open on Monday May 13, 2024 and will close on Monday, May 27, 2024.
- What is the issue size and price of the NCD?
The overall issue size is of Rs 200 crores. The base issue size is 100 crore and for oversubscription issue size remains 100 crore.
- What are the main objectives of the Indiabulls Housing Finance Limited NCD?
After deducting the issue expenses, net funds received from this NCD issue will be utilised for financing, loans and repayment of interest and principal for the existing borrowings of the company. Additionally, the general corporate purposes will also be met.
- How has Indiabulls Housing Finance Limited performed financially?
Indiabulls Housing Finance Limited posted a revenue of Rs 8,725.79 crore and net profit of Rs 1,127.68 crore for the period ending on 31 March 2023. The company’s revenue decreased by -2.98% and PAT decreased by -4.25% between the financial year ending with 31st March 2023 and 31st March 2022.
- What types of financial services does Indiabulls Housing Finance offer?
Indiabulls Housing Finance Limited is a non-banking financial services company that offers home loans and loans against property to salaried, self-employed, MSMEs and corporates.
- How can I apply for the Indiabulls Housing Finance Limited NCD ?
Wait for the NCD to open for subscription, then click here to apply for the Indiabulls Housing Finance Limited NCD.
- How can I check the allotment status of the NCD?
The Indiabulls Housing Finance Limited NCD registrar is Kfin Technologies Limited. To check your allotment status, please click here.
- What are the tenors and effective yields for the NCD?
The NCDs offer tenors of 24, 36, 60, 84 and 120 months, with coupon rates varying from 9.65% to 10.75% from Series 1 to Series 12.
- Who is the lead manager for the Indiabulls Housing Finance Limited NCD?
Indiabulls Housing Finance Limited NCD are Nuvama Wealth Management Limited, Elara Capital India Private Limited, Trust Investment Advisors Private Limited are appointed as the lead managers for this NCD issue.
Also Read | DSJ Keep Learning Limited Rights Issue: Important Details To Know