26-Oct-2023
2 mins read
Indiabulls Housing Finance is launching its second series of secured redeemable Non-Convertible Debentures (NCD) for subscription on Wednesday, September 6, 2023. The initial issue size is set at Rs 200 Crores, with a total issue size of Rs 2000 Crores. Each NCD will have a face value of Rs 1000. CRISIL Ratings Limited has assigned a rating of “CRISIL AA/Stable” to the company, while ICRA Limited has awarded it a “[ICRA]AA (Stable)” rating.
Indiabulls Housing Finance Company Profile
Established in the year 2005, Indiabulls Housing Finance Limited specialises in offering mortgage lending services. The company operates as a housing finance institution registered with the National Housing Bank (NHB) and does not engage in accepting deposits.
Indiabulls Housing Finance Limited occupies a prominent position as one of India’s largest housing finance companies and serves as the flagship organisation within the Indiabulls Group. The company offers a diverse array of financial services, encompassing housing loans and loans secured by property, tailored to meet the needs of various customer segments, including:
- Salaried employees
- Self-employed individuals
- Micro, small, and medium-sized enterprises (MSMEs)
- Corporates
As of June 30, 2023, Indiabulls Housing Finance Limited boasts a widespread presence with a network encompassing 217 branches across India. On a consolidated basis, the company has a dedicated sales force comprising 8,726 employees as of the same date.
Financials of Indiabulls Housing Finance (In Rs Crore)
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 93,239.03 | 81,973.32 | 74,945.24 |
| Revenue | 10,030.12 | 8,993.90 | 8,725.79 |
| Profit After Tax | 1,201.59 | 1,177.74 | 1,127.68 |
| Net Worth | 16,076.03 | 16,616.23 | 17,303.42 |
Important Dates of Indiabulls Housing FinanceTranche II NCD July 2023
| Issue Open | September 6, 2023 – September 20, 2023 |
| Security Name | Indiabulls Housing Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 2,000.00 Crores |
| 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 and120 Months |
| Series | Series I to XII |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come, First Serve Basis |
| Debenture Trustee/s | Idbi Trusteeship Services Ltd. |
Objectives of the Indiabulls Housing FinanceTranche II NCD July 2023
The company’s primary utilisation of the net proceeds from the issue is planned for the following objectives:
- To facilitate onward lending and financing activities.
- To repay the interest and principal of the company’s existing borrowings.
- For general corporate purposes.
Promoters of the Indiabulls Housing Finance
The Company has no identifiable promoters and is a professionally managed company.
Lead Managers of the Indiabulls Housing Finance Tranche II NCD July 2023
The lead managers of the Indiabulls Housing Finance Tranche ll NCD July 2023 are Nuvama Wealth Management Limited, Elara Capital (India) Private Limited and Trust Investment Advisors Private Limited.
How to Apply for Indiabulls Housing Finance Tranche II NCD July 2023?
Wait for the NCD to open for subscription, then click on this link to apply for the Indiabulls Housing Finance Tranche II NCD July 2023 with Bigul https://ncd.bonanzaonline.com/.
FAQ for the Indiabulls Housing Finance Tranche II NCD July 2023-
What is the Indiabulls Housing Finance Tranche II NCD July 2023?
It’s a secured, redeemable Non-Convertible Debenture (NCD) offered by Indiabulls Housing Finance Limited for investment.
What are the issue size and face value of these NCDs?
The initial issue size is Rs 200 Crores, with a total issue size of Rs 2000 Crores. Each NCD has a face value of Rs 1000.
What are the credit ratings for these NCDs?
The NCDs have been rated “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited, indicating a high level of creditworthiness.
When can I subscribe to these NCDs?
The subscription period for the Indiabulls Housing Finance Tranche II NCD July 2023 is from September 6, 2023, to September 20, 2023.
What are the available series and tenors for these NCDs?
These NCDs offer various series with tenors of 24, 36, 60, 84, and 120 months, giving investors flexibility in choosing their investment horizon.
How can I apply for these NCDs?
To apply for these NCDs, visit the provided link (https://ncd.bonanzaonline.com/) during the subscription period and follow the application process.
Who are the lead managers for this NCD issue?
The lead managers for the Indiabulls Housing Finance Tranche II NCD July 2023 are Nuvama Wealth Management Limited, Elara Capital (India) Private Limited, and Trust Investment Advisors Private Limited.