Indiabulls Housing Finance NCD September 2021
- About Indiabulls Housing Finance
- Indiabulls Housing Finance NCD September 2021 Details
- Terms of the NCDs
- Objects of the Issue
- Indiabulls Housing Finance NCD September 2021 – Documents
- Indiabulls Housing Finance NCD September 2021 Lead Managers
- Indiabulls Housing Finance NCD September 2021 Registrar
- Indiabulls Housing Finance NCD September 2021 – FAQs
About Indiabulls Housing Finance
Indiabulls Housing Finance is one of the largest housing finance companies (“HFCs”) in India in terms of AUM. The company is a non-deposit taking HFC registered with the NHB. The company is also a notified financial institution under the SARFAESI Act. The company focuses primarily on long-term secured mortgage-backed loans and as of the date of this Shelf Prospectus, the majority of the loan book comprises secured loans.
The company 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”). The company also offers 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 the assets under management (“AUM”) comprise housing loans, including in the affordable housing segment, as defined by the RBI.
Indiabulls Housing Finance NCD September 2021 Details
| Details | Indiabulls Housing Finance NCD Details |
|---|---|
| Issue Size | Rs.200 Crores |
| NCD Issue Open | 06-Sep-21 |
| NCD Issue Close | 20-Sep-21 |
| Security Type | Secured and Unsecured Redeemable Non-Convertible Debentures |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 Bonds (Rs.10,000) |
| Series | I-X |
| Credit Rating | CRISIL AA/Stable by CRISIL Ratings Limited and BWR AA+ /Negative by Brickwork Ratings India Private Limited |
| Payment Frequency | Monthly, Annual, Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | IBHFL1 |
| Listing At | BSE, NSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
| Tenor (months) | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 87 Months | 87 Months |
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Monthly | Annual | Monthly |
| Coupon (% per annum) for NCD Holders in Category I & II | 8.35% | NA | 8.05% | 8.50% | NA | 8.20% | 8.75% | 8.43% | 9.25% | 8.89% |
| Coupon (% per annum) for NCD Holders in Category III & IV | 8.75% | NA | 8.42% | 9.00% | NA | 8.66% | 9.25% | 8.89% | 9.75% | 9.35% |
| Effective Yield (per annum) for NCD Holders in Category I & II | 8.35% | 8.35% | 8.35% | 8.50% | 8.50% | 8.50% | 8.75% | 8.75% | 9.25% | 9.25% |
| Effective Yield (per annum) for NCD Holders in Category III & IV | 8.75% | 8.75% | 8.75% | 9.00% | 9.00% | 9.00% | 9.25% | 9.25% | 9.75% | 9.75% |
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II (Rs.) | Rs 1,000.00 | Rs 1,174.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,277.60 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
| Amount (₹ / NCD) on Maturity for NCD Holders in Category III & IV (Rs.) | Rs 1,000.00 | Rs 1,182.70 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,295.35 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
Objects of the Issue
- The purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes.
Indiabulls Housing Finance NCD September 2021 Lead Managers
- Edelweiss Financial Services Limited
- Trust Investment Advisors Pvt. Ltd
- IIFL Securities Ltd
Indiabulls Housing Finance NCD September 2021 Registrar
- KFin Technologies Private Limited
Indiabulls Housing Finance NCD September 2021 – FAQs
When is the Indiabulls Housing Finance NCD September 2021 issue open date?
The Indiabulls Housing Finance NCD September 2021 issue open date is on 6th September 2021
When is the Indiabulls Housing Finance NCD September 2021 issue close date?
The Indiabulls Housing Finance NCD issue close date is on 20th September 2021
What is the price for one NCD for Indiabulls Housing Finance NCD September 2021 issue?
The price band is Rs 1000 per NCD and the minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply Indiabulls Housing Finance September 2021 issue?
Apply from your Demat account, if you don’t have the Demat Account, click here to open the Demat Account.
You can apply via downloading the form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centers.
Follow us on Telegram for all the latest updates