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Indiabulls Housing Finance NCD September 2021 – Issue Date, Review & Interest Rates

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Indiabulls Housing Finance NCD September 2021

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

DetailsIndiabulls 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)
SeriesI-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
SymbolIBHFL1
Listing At BSE, NSE

Terms of the NCDs

SeriesSeries 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Tenor (months) 24 Months24 Months24 Months36 Months36 Months36 Months60 Months60 Months87 Months87 Months
Frequency of Interest PaymentAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnualMonthlyAnnualMonthly
Coupon (% per annum) for NCD Holders in Category I & II8.35%NA8.05%8.50%NA8.20%8.75%8.43%9.25%8.89%
Coupon (% per annum) for NCD Holders in Category III & IV8.75%NA8.42%9.00%NA8.66%9.25%8.89%9.75%9.35%
Effective Yield (per annum) for NCD Holders in Category I & II8.35%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 & IV8.75%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 1,000.00Rs 1,174.00Rs 1,000.00Rs 1,000.00Rs 1,277.60Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00
Amount (₹ / NCD) on Maturity for NCD Holders in Category III & IV (Rs.)Rs 1,000.00Rs 1,182.70Rs 1,000.00Rs 1,000.00Rs 1,295.35Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,000.00Rs 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 – Documents

Red Herring Prospectus

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?

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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.

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