10.75% Indiabulls Housing Finance NCD October 2023

0

Last updated on November 16, 2023

NCD Subscription Allotment Status
Indiabulls Housing Finance NCD October 2023

Indiabulls Housing Finance NCD October 2023 Description – The company is a non-deposit-taking housing finance company (HFC) registered with the NHB. It is also a notified financial institution under the SARFAESI Act. It primarily offers housing loans and loans against property to the target client base of salaried and self-employed individuals and micro, small, and medium-sized enterprises (MSMEs) and corporates. It also offers mortgage loans to real estate developers in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises. A majority of its Loan Book comprises housing loans, including in the affordable housing segment.

As of 31 March 2023, housing loans and non-housing loans constituted 57% and 43%, respectively of its Loan Book. It has now shifted to an asset-light business model, focusing on the co-lending of loans along with banks, other financial institutions, and credit funds and an increased sell-down of its loan portfolio. As of 30 September 2023, the company had a network of 218 branches spread across India which gives it a pan-India presence and allows it to interact with and service its customers. As of 30 September 2023, it had a direct sales team of 1,745 employees who were located across the network.

Erstwhile Promoters of Indiabulls Housing Finance – Mr. Sameer Gehlaut


Indiabulls Housing Finance NCD October 2023 Details

Subscription Dates20 Oct – 3 Nov 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base)INR 100 crores
Overall Issue Size (including oversubscription)INR 200 crores
Minimum Lot Size10 NCDs
Market Lot1 NCD
Tenor24 months
36 months
60 months
84 months
120 months
Credit RatingCRISIL AA/Stable
ICRA AA (Stable)
Category ReservationCategory 1 (QIB): 30%
Category 2 (NII): 10%
Category 3 (HNI): 30%
Category 4 (Retail): 30%
Basis of AllotmentFirst Come First Serve
Listing OnNSE, BSE

Indiabulls Housing Finance NCD October 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsAnnual9.25% (for categories 1 & 2)9.24% (for categories 1 & 2)INR 1,000
Series 124 monthsAnnual9.65% (for categories 3 & 4)9.64% (for categories 3 & 4)INR 1,000
Series 224 monthsMonthly8.88% (for categories 1 & 2)9.24% (for categories 1 & 2)INR 1,000
Series 224 monthsMonthly9.25% (for categories 3 & 4)9.65% (for categories 3 & 4)INR 1,000
Series 324 monthsCumulativeNA9.25% (for categories 1 & 2)INR 1,193.85
Series 324 monthsCumulativeNA9.65% (for categories 3 & 4)INR 1,202.65
Series 436 monthsAnnual9.40% (for categories 1 & 2)9.39% (for categories 1 & 2)INR 1,000
Series 436 monthsAnnual9.90% (for categories 3 & 4)9.88% (for categories 3 & 4)INR 1,000
Series 536 monthsMonthly9.02% (for categories 1 & 2)9.39% (for categories 1 & 2)INR 1,000
Series 536 monthsMonthly9.48% (for categories 3 & 4)9.89% (for categories 3 & 4)INR 1,000
Series 636 monthsCumulativeNA9.40% (for categories 1 & 2)INR 1,309.70
Series 636 monthsCumulativeNA9.90% (for categories 3 & 4)INR 1,327.75
Series 760 monthsAnnual9.65% (for categories 1 & 2)9.64% (for categories 1 & 2)INR 1,000
Series 760 monthsAnnual10.15% (for categories 3 & 4)10.14% (for categories 3 & 4)INR 1,000
Series 860 monthsMonthly9.25% (for categories 1 & 2)9.64% (for categories 1 & 2)INR 1,000
Series 860 monthsMonthly9.71% (for categories 3 & 4)10.14% (for categories 3 & 4)INR 1,000
Series 984 monthsAnnual10.00% (for categories 1 & 2)9.99% (for categories 1 & 2)INR 1,000
Series 984 monthsAnnual10.50% (for categories 3 & 4)10.49% (for categories 3 & 4)INR 1,000
Series 1084 monthsMonthly9.57% (for categories 1 & 2)9.99% (for categories 1 & 2)INR 1,000
Series 1084 monthsMonthly10.03% (for categories 3 & 4)10.49% (for categories 3 & 4)INR 1,000
Series 11120 monthsAnnual10.25% (for categories 1 & 2)10.24% (for categories 1 & 2)INR 1,000
Series 11120 monthsAnnual10.75% (for categories 3 & 4)10.74% (for categories 3 & 4)INR 1,000
Series 12120 monthsMonthly9.80% (for categories 1 & 2)10.24% (for categories 1 & 2)INR 1,000
Series 12120 monthsMonthly10.25% (for categories 3 & 4)10.74% (for categories 3 & 4)INR 1,000

Indiabulls Housing Finance Non-Convertible Debentures 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 Housing Finance Non-Convertible Debentures Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com


Indiabulls Housing Finance NCD Documents


Indiabulls Housing Finance NCD Contact Details

INDIABULLS HOUSING FINANCE LIMITED
One International Centre, Tower 1,
18th Floor, Senapati Bapat Marg,
Elphinstone Road, Mumbai – 400 013,
Maharashtra, India
Phone: +91 22 6189 1400
Email: [email protected]
Website: www.indiabullshomeloans.com


Indiabulls Housing Finance NCD October 2023 Subscription Status (no. of times)

DateQIBNIIHNIRetailTotal
3 Nov 20230.001.221.652.071.24
2 Nov 20230.001.181.371.781.06
1 Nov 20230.001.180.841.570.84
31 Oct 20230.001.180.681.370.73
30 Oct 20230.000.780.391.130.53
27 Oct 20230.000.780.280.870.42
26 Oct 20230.000.590.180.770.35
25 Oct 20230.000.380.120.520.23
23 Oct 20230.000.110.060.320.13
20 Oct 20230.000.010.040.120.05

Indiabulls Housing Finance NCD October 2023 Allotment Status

Indiabulls Housing Finance NCD October 2023 allotment status is now updated on the website of KFin Technologies’ website. Click on this link to get allotment status.


Indiabulls Housing Finance NCD October 2023 FAQs

What are the face value and lot size of Indiabulls Housing Finance NCD October 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 Housing Finance NCD October 2023?

The payment frequency for Indiabulls Housing Finance NCD is Monthly, Annual, and Cumulative.

What is the basis of allotment in Indiabulls Housing Finance NCD October 2023 offer?

Indiabulls Housing Finance NCDs will be allotted on a First Come First Serve Basis.

LEAVE A REPLY

Please enter your comment!
Please enter your name here