Indiabulls Housing Finance NCD Bonds 2021 are Open on 6 September 2021 and close on 20 September 2021. The Company will offer 9.75% interest rates on the NCD Bonds. And NCD tenure will be applicable for 24 months, 36 months, 60 months, and 87 months. The company will raise a fund of ₹200 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Indiabulls Housing Finance Ltd. (IBHFL) is India’s third-largest housing finance company, regulated by the Reserve Bank of India (RBI). IBHFL is rated ‘AA’ by leading rating agencies including CRISIL, ICRA, and CARE Ratings and at ‘AA+” by Brickwork Ratings. The company has a balance sheet size of ₹ 0.87 trillion as of 30th June 2021.
The company has serviced more than 1 million happy customers and cumulatively disbursed loans of over ₹ 2.86 trillion. It is has a strong nationwide presence and continues to reach out further with eHome Loans – India’s first completely online home loan fulfillment platform.
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IBHFL offers quick, convenient, and competitively priced home loans in the affordable housing segment. The company’s primary goal is to ensure a superior home buying experience to its customers and to make housing finance more affordable and viable by contributing to the ecosystem that supports it.
Indiabulls Housing Finance NCD Review :
■ Apply Your Own Risk Long Term
Indiabulls Housing Finance NCD Security Name :
■ Indiabulls Housing Finance & Housing Finance Limited
Indiabulls Housing Finance NCD Security Type :
■ Secured and/or unsecured, redeemable, non-convertible Debentures.
Indiabulls Housing Finance NCD Ratings
| Agency | Rating |
| CRISIL | AA/Stable Outlook |
| BWR | AA+ Negative Outlook |
Indiabulls Housing Finance NCD Bond Issue Details :
| Issue Open | 6 September 2021 |
| Issue Close | 20 September 2021 |
| Issue Base Size | ₹200 Cr. |
| Issue Shelf Size | ₹800 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 9.75% Annual |
| Listing on | BSE & NSE Platform |
Indiabulls Housing Finance NCD Market Lot
| Market Lot : | 1 Lot |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Indiabulls Housing Finance NCD Bond Issue Tenure & Interest Rates :
| SR | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Tenure | 24 Month | 24 Month | 24 Month | 36 Month | 36 Month | 36 Month | 60 Month | 60 Month | 87 Month | 87 Month |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Unsecured | Unsecured |
| Interest | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Monthly | Annual | Monthly |
| Coupon Rate | 8.75% | N/A | 8.42% | 9.00% | N/A | 8.66% | 9.25% | 8.89% | 9.75% | 9.35% |
| Effective Yield | 8.75% | 8.75% | 8.75% | 9.00% | 9.00% | 9.00% | 9.25% | 9.25% | 9.75% | 9.75% |
| Maturity | ₹1,000 | ₹11,82.70 | ₹1,000 | ₹1,000 | ₹12,95.35 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 |
About Indiabulls Housing Finance Company
Our Company was incorporated as ‘Indiabulls Housing Finance Limited, a public limited company under the
provisions of the Companies Act, 1956 on May 10, 2005, pursuant to a certificate of incorporation issued by the
Registrar of Companies, National Capital Territory of Delhi and Haryana (“RoC”) and commenced its business on
January 10, 2006, pursuant to a certificate of commencement of business issued by RoC.
Our Company was registered as a non-deposit-taking housing finance company registered with the NHB pursuant to
a certificate of registration dated December 28, 2005, having registration number 02.0063.05. Further, by notification
on September 19, 2007, our Company was specified as a ‘financial institution’ by the Central Government for the
purposes of the SARFAESI ACT, 2002.
We are one of the largest housing finance companies (“HFCs”) in India in terms of AUM. We are a non-deposit-taking HFC registered with the NHB. We are also a notified financial institution under the SARFAESI Act. We focus primarily on long-term secured mortgage-backed loans and as of the date of this Shelf Prospectus, the majority of our loan book comprises secured loans.
We primarily offer housing loans and loans against property to our target client base of salaried and self-employed individuals and micro, small and medium-sized enterprises (“MSMEs”).
We also offer mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises. A majority of our assets under management (“AUM”) comprise housing loans, including in the affordable housing segment, as defined by the RBI. As of March 31, 2021, housing loans and non-housing loans constituted 65% and 35%, respectively of our consolidated AUM.
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We have now shifted to an asset-light business model, focusing on the lending of loans along with banks, other financial institutions, and credit funds and an increased sell down of our loan portfolio (for details, see “– Our Strategy – Adopt an asset-light model of growth through collaboration with banks and credit funds).
We have a long-term credit rating of “AA; Stable” from CRISIL, “AA; Negative” from ICRA and CARE Ratings, and “AA+; Negative” from Brickwork Ratings for non-convertible debentures and subordinated debt programs. Additionally, we have a long-term credit rating of “AA; Stable” from CRISIL, “AA; Negative” from CARE Ratings, and “AA+; Stable” from Brickwork Ratings for our long-term facilities.
We also have the highest short-term credit rating of “A1+” (for our commercial paper program) from CRISIL, CARE, and Brickwork Ratings. We also have an international credit rating of “B 3; Negative” from Moody’s (for our ECB program).
Company Promoters :
■ Mr. Subhash Sheoratan Mundra
Indiabulls Housing Finance Board of Directors
| Name | Designation |
| Mr. Subhash Sheoratan Mundra | Non-Executive Chairman, Independent Director |
| Mr. Sameer Gehlaut | Non-Executive, Non-Independent Director |
| Mr. Gagan Banga | Vice-chairman, Managing Director and CEO |
| Mr. Ajit Kumar Mittal | Whole-time Director |
| Mr. Ashwini Omprakash Kumar | Deputy Managing Director |
| Mr. Sachin Chaudhary | Whole-time Director, Chief Operating Officer |
| Mr. Shamsher Singh Ahlawat | Independent Director |
| Mr. Prem Prakash Mirdha | Independent Director |
| Justice Gyan Sudha Misra | Independent Director |
| Mr. Satish Chand Mathur | Independent Director |
| Mr. Siddharth Achuthan | Independent Director |
| Mr. Dinabandhu Mohapatra | Independent Director |
Quick Link :
■ DRHP Draft Prospectus
■ Shelf Draft Prospectus
Indiabulls Housing Finance IPO Lead Managers :
■ Edelweiss Financial Services Ltd
■ IIFL Securities Limited
■ Trust Investment Advisors Private Limited
Indiabulls Housing Finance Debenture Trustee
IDBI Trusteeship Services Limited
Asian Bldg., Ground Floor
17, R.Kamani Marg, Ballard Estate
Mumbai 400 001
Maharashtra, India
Telephone No.: +91 22 4080 7018
Facsimile No.: +91 22 6631 1776
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.idbitrustee.com
Indiabulls Housing Finance NCD IPO Registrar :
KFin Technologies Private Limited
Selenium Tower B, Plot No – 31 and 32,
Financial District, Nanakramguda, Serilingampally
Hyderabad Rangareddy, Telangana– 500 032
Hyderabad, India
Telephone No.: +91 40 6716 2222
Facsimile No.: +91 40 2343 1551
Toll-free number: 18003094001
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.kfintech.com
Company Address :
Indiabulls Housing Finance Limited
M-62 & 63, First Floor
Connaught Place
New Delhi – 110001, India
Telephone No.: +91 11 4353 2950
Facsimile No.: +91 11 4353 2947
Email: [email protected]
Website: www.indiabullshomeloans.com
Indiabulls Housing Finance NCD FAQs:
What is Indiabulls Housing Finance NCD?
Indiabulls Housing Finance NCD is Security Bond.
When Indiabulls Housing Finance NCD will open?
The Indiabulls Housing Finance NCD is to open on 6 Sep 2021 – 20 Sep 2021.
What is the Indiabulls Housing Finance NCD Size?
Indiabulls Housing Finance NCD size is ₹200 Crores.
What is the issue Shelf size of Indiabulls Housing Finance NCD?
The Fresh issue size of Indiabulls Housing Finance NCD ₹800 Cr.
What is Indiabulls Housing Finance NCD Price Band?
Indiabulls Housing Finance NCD Price Band is ₹1000 Per NCD.
What is Indiabulls Housing Finance NCD Minimum Lot Size?
The Indiabulls Housing Finance NCD Minimum Lot Size 10.
What is Indiabulls Housing Finance NCD Interest Rate?
The Indiabulls Housing Finance NCD Interest Rate is 9.75% Annual.
Where is Indiabulls Housing Finance NCD Listing?
Indiabulls Housing Finance NCD listing on NSE, BSE Platform.
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