The Indiabulls Housing Finance Issue Open was confirmed from May 13, 2024 – May 27, 2024. Read the post to learn about Indiabulls Housing Finance NCD.
Indiabulls Housing Finance Limited, a cornerstone of the Indiabulls Group, is esteemed as one of India’s premier housing finance enterprises. Home loans and loans against property are accessible to salaried individuals, tone- employed individuals, MSMEs, and corporations through the company. In addition, it caters to Indian real estate developers by providing mortgage loans, including parcel reimbursement discounts for marketable properties and development loans for domestic complexes.
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Key Details Of Indiabulls Housing Finance
Issue Dates
May 13-27
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Indiabulls Housing Finance NCD
The Indiabulls Housing Finance NCD Face Value is Rs 1000 each NCD.
Indiabulls Housing Finance NCD Overview
Innovated back in 2005, Indiabulls Housing Finance Limited is a provider of mortgage backing services. It falls under the category of a housing financing company( HFC) registered with the NHB and refrains from accepting deposits. Indiabulls Housing financing Limited, which leads the charge within the Indiabulls Group, is recognised as India’s foremost housing backing organization. Salaried people, tone- employed persons, MSMEs, and companies can gain house loans and loans against property under the company’s provisions. It also helps Indian real estate developers by offering mortgage loans with lease rental reductions for marketable buildings and development loans for domestic complexes.
The corporation had 217 branches situated in India as of December 31, 2023. On a consolidated position, the company’s direct sales workforce numbered 1,589 individuals as of December 31, 2023. Casing loans accounted for 57 of the total loans as of March 31, 2023, while on-housing loans comprised 43. CRISIL and ICRA have both assigned the company a long- term credit rating of “ AA; Outlook Stable, ” with CARE Ratings entering an “ AA; Outlook Negative ” and Brickwork Ratings carrying an “ AA; Outlook Stable ” for non-convertible debentures and a subordinated debt programme.
Indiabulls Housing Finance NCD Detail
| Issue Open | May 13, 2024 – May 27, 2024 |
| Security Name | Indiabulls Housing Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 100.00 Crores |
| Tranche Issue Size | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 2,000.00 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/s | Idbi Trusteeship Services Ltd. |
Indiabulls Housing Finance Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 |
| Amount in ₹ Crore | |||
Indiabulls Housing Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Annual | Monthly | Annual | Monthly |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 84 Months | 84 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 9.65% | 9.25% | NA | 9.90% | 9.48% | NA | 10.15% | 9.71% | 10.50% | 10.03% | 10.75% | 10.25% |
| Effective Yield (% per Annum) | 9.65% | 9.65% | 9.65% | 9.90% | 9.90% | 9.90% | 10.15% | 10.15% | 10.50% | 10.50% | 10.74% | 10.75% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,202.32 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,327.38 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
Indiabulls Housing Finance NCD Allocation Ratio
Company Profile
Indiabulls Housing Finance Ltd. (IBHFL) is the third largest housing finance company in India, regulated by the Reserve Bank of India (RBI). IBHFL has been given a rating of ‘AA’ by CRISIL and ICRA, which are leading rating agencies. As of 31 March 2023, the company’s balance sheet size is ₹ 0.70 trillion. IBHFL has successfully served over 1.4 million customers and has disbursed loans totalling ₹ 3.08 trillion. With its eHome Loans platform, which is India’s first fully online home loan fulfilment platform, the company has a strong presence nationwide and is continuously expanding its reach.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Indiabulls Housing Finance Limited |
| Phone number | +91 11 4353 2950 |
| Email ID | [email protected] |
| Website | indiabullshomeloans.com |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
