Established in 2005, Indiabulls Housing Finance Limited specializes in providing mortgage lending services. As a non-deposit-taking housing finance company (‘HFC’) registered with the National Housing Bank (NHB), it has emerged as one of India’s leading housing finance companies and serves as the flagship entity within the Indiabulls Group.
The core offerings of Indiabulls Housing Finance Limited encompass housing loans and loans against property, catering to a diverse clientele including (i) salaried employees, (ii) self-employed individuals, (iii) micro, small, and medium-sized enterprises (‘MSMEs’), and (iv) corporates. Beyond individual and business customers, the company extends its services to real estate developers in India. This involves providing mortgage loans through innovative solutions such as lease rental discounting for commercial premises and construction finance for the development of residential properties. Indiabulls Housing Finance Limited plays a pivotal role in facilitating the growth and development of the real estate sector in the country.
The company has launched a debt offer, and the subscription period for this offer will be from December 07 to December 20, 2023. Click here to apply in the Indiabulls Housing Finance Limited NCD.
The company is raising Rs 200 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot. The company has received rating of “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited.
The company will use the net proceeds from the issue for the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings of the Company and other general corporate purposes.
Indiabulls Housing Finance has allotted 30% each to institutional, HNI and retail investors. Non-institutional investors’ has also allotted 10% of the offer.
These NCDs have tenures of 24, 36, 60, 84 and 120 Months. It offers coupon rates from 9.65% to 10.25% based on the selection of investors. The frequency of interest payments will be annually. Allotment of these NCDs will be in dematerialized mode only. Application is to be made through ASBA mode only.
Check the coupon rates of NCDs of Indiabulls Housing Finance Limited:
Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 | Series 11 | Series 12 | |
Frequency of Interest Payment | Annual | Monthly | Cumulative | Annual | Monthly | Cumulative | Annual | Monthly | Annual | Monthly | Annual | Monthly |
Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
Tenor | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 84 Months | 84 Months | 120 Months | 120 Months |
Coupon (% per Annum) | 9.65% | 9.25% | NA | 9.90% | 9.48% | NA | 10.15% | 9.71% | 10.50% | 10.03% | 10.75% | 10.25% |
Effective Yield (% per Annum) | 9.64% | 9.64% | 9.65% | 9.89% | 9.89% | 9.90% | 10.14% | 10.14% | 10.49% | 10.49% | 10.74% | 10.74% |
Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,202.65 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,327.75 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
RHP:
Tax implications:
Indiabulls Housing Finance is managed by Elara Capital, Nuvama Wealth Management, and Trust Investment Advisors Private Limited. KFin Technologies Limited is the registrar of NCD and Idbi Trusteeship Services Ltd. is debenture trustee to the same.
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