Subscription for Indiabulls Commercial Credit Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) will start on January 5, 2023. Indiabulls Commercial Credit will charge 10.30% interest on NCDs. CRISIL AA/Stable for Indiabulls Commercial Credit NCD and ICRA AA/Stable for ICRA Limited rate Indiabulls Commercial Credit NCD. The NCDs have terms of 24, 36, and 60 months. Details on Indiabulls Commercial Credit NCD 2023 can be found here.
IBCCL (Indiabulls Commercial Credit Ltd.) is a wholly owned subsidiary of IBHFL and is classed as a Non-Deposit Taking Systematically Important (ND-SI) Non-Banking Financial Company (NBFC). IBCCL has competence in mortgage-based finance, such as SME loans, which IBCCL and IBHFL underwrite in the lowest risk category of lending to small firms. IBCCL emphasises self-occupied residential properties as collateral, appraising loans based on cash flow, and, most
importantly, loans for productive business deployment, which must be demonstrated at the time of loan appraisal.
Indiabulls Commercial Credit NCD January 2023 Issue Details
| NCD Issue Open | January 5, 2023 |
| NCD Issue Close | January 27, 2023 |
| NCD Issue Size | Base: 200 Cr. | Shelf: 1000 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 10.30% ** (Annually) |
| Minimum Investment | 10 Bonds (₹1,000) |
| Listing on | BSE and NSE Platform |
| Credit Rating | CRISIL AA/Stable and ICRA AA/ Stable |
| Tenor | 24, 36, and 60 Months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Indiabulls Commercial Credit NCD January 2023 Promoters
- Indiabulls Housing Finance Limited
How to Apply Indiabulls Commercial Credit NCD January 2023 Issue?
You can apply online as well as offline using your existing Demat account. You can apply by downloading the form from the official website and filling it out completely, along with a cheque for the amount stated. You can take it to one of the collection centers.
Indiabulls Commercial Credit NCD January 2023 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
|---|---|---|---|---|
| I | 24 Month | Annual | 9.80% | 9.79% |
| II | 24 Month | Cumu. | NA | 9.80% |
| III | 24 Month | Month | 9.40% | 9.80% |
| IV | 36 Month | Annual | 10.05% | 10.04% |
| V | 36 Month | Cumu. | NA | 10.05% |
| VI | 36 Month | Month | 9.61% | 10.04% |
| VII | 60 Month | Annual | 10.30% | 10.29% |
| VIII | 60 Month | Month | 9.85% | 10.30% |
Indiabulls Commercial Credit NCD January 2023 Lead Manager
- Edelweiss Financial Services Ltd
- Elara Capital (India) Private
- Trust Investment Advisors Private Limited
Indiabulls Commercial Credit NCD January 2023 Allotment Status
- Indiabulls Commercial Credit NCD issue allotment available on KFintech.
Indiabulls Commercial Credit Registrar:
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com
Company Information:
Indiabulls Commercial Credit Limited
5th Floor, Building No. 27,
KG Marg, Connaught Place,
New Delhi-110001
Phone: +91 11 4353 2950
Email: [email protected]
Website: http://www.indiabullscommercialcredit.com
Indiabulls Commercial Credit NCD January 2023 FAQs:
Q1. When is Indiabulls Commercial Credit NCD Open?
Ans. Indiabulls Commercial Credit NCD is to open on January 5 and close on January 27, 2023.
Q2. What is Indiabulls Commercial Credit NCD Price?
Ans. The company has fixed the price at ₹1000 per NCD.
Q3. What is Indiabulls Commercial Credit NCD Issue Size?
Ans. The NCD issue size is ₹200 crores.
Q4. On Which platform the Indiabulls Commercial Credit NCD will list?
Ans. Indiabulls Commercial Credit NCD will list on BSE and NSE Platforms.
Q5. How to apply for Indiabulls Commercial Credit NCD?
Ans. You can apply from your existing Demat account online and offline.
