Indiabulls Commercial Credit NCD January 2023 description – Incorporated in 2006, Indiabulls Commercial Credit is a non-deposit taking NBFC registered with the RBI and a 100% subsidiary of IHFL, a listed housing finance company. It’s also a notified financial institution under the SARFAESI Act.
The company predominantly offers long term mortgage loans, which comprise (a) retail mortgage loans to self-employed individuals, proprietorships, and small businesses and (b) corporate mortgage loans to developers of residential projects. As at 31 March 2022, its loan book was INR 10,950.3 crores, 74% of which comprised mortgage loans. Its target client base comprises salaried and self-employed individuals as well as small and medium-sized enterprises.
Indiabulls Commercial Credit offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance. Personal loans, as a product line of its business, has been discontinued and its vintage book is in run-down mode.
Promoters of Indiabulls Commercial Credit – Indiabulls Housing Finance Limited
Indiabulls Commercial Credit NCD January 2023 Details
| Subscription Dates | 5 – 27 January 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 100 crores |
| Overall Issue Size (including oversubscription) | INR 200 crores |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months |
| Credit Rating | CRISIL AA/Stable ICRA AA/ Stable |
| Category Reservation | Category 1 (QIB): 30% Category 2 (NII): 10% Category 3 (HNI): 30% Category 4 (Retail): 30% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
Indiabulls Commercial Credit NCD January 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Annual | 9.80% | 9.79% | INR 1,000 |
| Series 2 | 24 months | Cumulative | NA | 9.80% | INR 1,197.15 |
| Series 3 | 24 months | Monthly | 9.40% | 9.80% | INR 1,000 |
| Series 4 | 36 months | Annual | 10.05% | 10.04% | INR 1,000 |
| Series 5 | 36 months | Cumulative | NA | 10.05% | INR 1,315.10 |
| Series 6 | 36 months | Monthly | 9.61% | 10.04% | INR 1,000 |
| Series 7 | 60 months | Annual | 10.30% | 10.29% | INR 1,000 |
| Series 8 | 60 months | Monthly | 9.85% | 10.30% | INR 1,000 |
Indiabulls Commercial Credit NCD Lead Manager
TRUST INVESTMENT ADVISORS PRIVATE LIMITED
109/110, Balarama, Bandra Kurla Complex
 Bandra East Mumbai – 400 051, Maharashtra
Phone: +91 22 4084 5000
Email: [email protected]
Website: www.trustgroup.in
Indiabulls Commercial Credit NCD Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Indiabulls Commercial Credit NCD Documents
- Indiabulls Commercial Credit NCD Tranche I Prospectus
- Indiabulls Commercial Credit NCD Shelf Prospectus
- Indiabulls Commercial Credit NCD Draft Shelf Prospectus
- Upcoming NCDs
Indiabulls Commercial Contact Details
INDIABULLS COMMERCIAL CREDIT LIMITED
One International Centre, Tower I,
18th Floor, Senapati Bapat Marg,
Elphinstone Road, Mumbai – 400 013, Maharashtra
Phone: +91 22 6189 1400
Email: [email protected]
Website: www.indiabullscommercialcredit.com
Indiabulls Commercial NCD January 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 27 Jan 2023 | 0.00 | 5.37 | 0.10 | 1.97 | 1.16 |
| 25 Jan 2023 | 0.00 | 0.37 | 0.10 | 1.77 | 0.60 |
| 24 Jan 2023 | 0.00 | 0.37 | 0.09 | 1.62 | 0.55 |
| 23 Jan 2023 | 0.00 | 0.37 | 0.09 | 1.50 | 0.51 |
| 20 Jan 2023 | 0.00 | 0.37 | 0.80 | 1.34 | 0.68 |
| 19 Jan 2023 | 0.00 | 0.37 | 0.80 | 1.25 | 0.65 |
| 18 Jan 2023 | 0.00 | 0.37 | 0.80 | 1.18 | 0.63 |
| 17 Jan 2023 | 0.00 | 0.37 | 0.73 | 1.08 | 0.58 |
| 16 Jan 2023 | 0.00 | 0.37 | 0.73 | 0.99 | 0.55 |
| 13 Jan 2023 | 0.00 | 0.36 | 0.71 | 0.89 | 0.52 |
| 12 Jan 2023 | 0.00 | 0.36 | 0.70 | 0.67 | 0.45 |
| 11 Jan 2023 | 0.00 | 0.36 | 0.69 | 0.58 | 0.42 |
| 10 Jan 2023 | 0.00 | 0.36 | 0.67 | 0.48 | 0.38 |
| 9 Jan 2023 | 0.00 | 0.01 | 1.00 | 0.37 | 0.41 |
| 6 Jan 2023 | 0.00 | 0.00 | 0.34 | 0.18 | 0.15 |
| 5 Jan 2023 | 0.00 | 0.00 | 0.00 | 0.08 | 0.02 |
Indiabulls Commercial NCD January 2023 Allotment Status
Indiabulls Commercial Credit NCD January 2023 allotment status will be updated at the website of KFin Technologies’ website. Click on this link to get allotment status.
Indiabulls Commercial NCD January 2023 FAQs
What is the face value and lot size of Indiabulls Commercial Credit NCD January 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Indiabulls Commercial Credit NCD January 2023?
The frequency of payment for Indiabulls Commercial Credit NCD is Monthly,  Annual & Cumulative.
What is basis of allotment in Indiabulls Commercial Credit NCD January 2023 offer?
Indiabulls Commercial Credit NCDs will be allotted on a First Come First Serve Basis.
