Indiabulls Housing Finance Limited NCDs: A Comprehensive Breakdown.

Indiabulls Housing Finance Limited, a prominent player in India's housing finance sector, has initiated the launch of its Tranche VI Non-Convertible Debentures (NCDs) issue. Established in 2005, the company specializes in providing mortgage finance services and is registered with the National Housing Bank (NHB).

Issue Details:

• Issue Period: May 13, 2024, to May 27, 2024

• Security Type: Secured, Redeemable, Non-Convertible Debentures

• Issue Size: Rs 100 Crores

• Tranche Issue Size: Rs 200.00 Crores

• Issue Price: Rs 1000 per NCD

• Face Value: Rs 1000 each NCD

• Minimum Lot Size: 10 NCDs

• Listing: BSE, NSE

• Credit Rating: CRISIL AA/Stable, ICRA AA (Stable)

Allocation Ratio:

• Institutional: 30%

• Non-Institutional: 10%

• HNI: 30%

• Retail: 30%

NCDs Offered by Category:

• Institutional: 300,000 NCDs

• Non-Institutional: 100,000 NCDs

• HNI: 300,000 NCDs

• Retail: 300,000 NCDs

• Total: 1,000,000 NCDs

Objectives of the Issue:

The funds raised through this Tranche VI Issue will be utilized for the following purposes:

• Onward lending and financing

• Repayment of interest and principal of existing borrowings

• General corporate purposes

Company Overview:

Indiabulls Housing Finance Limited, a flagship entity of the Indiabulls Group, caters to a diverse clientele, offering home loans, loans against property, and mortgage loans to various segments including salaried individuals, self-employed individuals, MSMEs, corporates, and real estate developers in India.

As of March 31, 2024, the company boasts a network of 214 branches across India and employs 1,433 people in direct sales on a consolidated basis. Its loan portfolio comprises 57% housing loans and 43% non-housing loans.

NCD Features:

• Tenures: 24, 36, 60, 84, and 120 months

• Series: Series I to XII

• Coupon Rates: 9.65% to 10.75%

• Interest Payment Frequency: Monthly, Annual, Cumulative

• Allotment: Dematerialized mode only

• Application: ASBA mode only

Management and Trustees:

Indiabulls Housing Finance is managed by Trust Investment Advisors, Elara Capital India, and Nuvama Wealth Management Limited. KFin Technologies Limited serves as the registrar of NCD, while Beacon Trusteeship Limited acts as the debenture trustee.

Conclusion:

With its established presence and robust financials, Indiabulls Housing Finance Limited's Tranche VI NCD issue presents an attractive investment opportunity for investors seeking stable returns in the housing finance sector. Investors are encouraged to explore this offering for potential long-term benefits.

Disclaimer- Investment in NCDs' Initial Public Offerings (IPOs) is subject to market risks. Read all documents carefully before investing. Investors are advised to carefully read the offer documents and seek professional financial advice before making any investment decisions. Past performance is not indicative of future results

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