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IPO

BondsIndia

AA

Opening Date

06 Sept 2023

Closing Date

20 Sept 2023

Yield

Upto 10.74%

Tenure

Upto 120 Months

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Time to close

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Company Details
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Home   /   IPO   /   INDIABULLS HOUSING FINANCE LIMITED

IPO

INDIABULLS HOUSING FINANCE LIMITED

Ongoing IPO

INDIABULLS HOUSING FINANCE LIMITED

Opening Date
06 Sept 2023

BondsIndia

AA

Closing Date
20 Sept 2023

bondsindia

Time to close

Yield
Upto 10.74%

Tenure
Upto 120 Months

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IPO Details

IPO Details

Issue Size (Including Green Shoe Option) 150.00 crores
Face Value ₹1000
Coupon Upto 10.75%
Minimum Number of Bonds 10
Lot Size (Multiplier) 1
Allotment Date (Tentative) 26 Sept 2023
Listing Date (Tentative) 28 Sept 2023
Exchange Bid Time (24 Hours) 10:00 to 17:00

Documents attached

Information Memorandum

 

BondsIndia
Product Note

 

BondsIndia

*Allotment on first come first serve basis

 

ISSUE STRUCTURE

Series
I
II
III
IV*
V
VI
VII
VIII
IX
X
XI
XII
Frequency of Interest payment
Annual
Monthly
Cumulative
Annual
Monthly
Annual
Monthly
Annual
Monthly
Annual
Monthly
Annual
Tenure (Months)
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) for NCD Holders in Category I & II
9.25%
8.88%
NA
9.40%
9.02%
NA
9.65%
9.25%
10.00%
9.57%
10.25%
9.80%
Coupon (% per annum) for NCD Holders in Category III & IV
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) for NCD Holders in Category I & II
9.24%
9.24%
9.25%
9.39%
9.39%
9.40%
9.64%
9.64%
9.99%
9.99%
10.24%
10.24%
Effective Yield (per annum) for NCD Holders in Category III & IV
9.64%
9.64%
9.65%
9.88%
9.89%
9.90%
10.14%
10.14%
10.49%
10.49%
10.74%
10.74%
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II
Rs. 1000
Rs. 1000
Rs.1193.85
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity
Rs. 1,309.70
Staggered Redemptio n in Five (5) annual payments of ₹200 each, starting from 1st Anniversar y* until Maturity
Staggered Redemptio n in Five (5) annual payments of ₹200 each, starting from 1st Anniversar y* until Maturity
"Staggered Redemptio n in Seven (7) annual payments of ₹142.86 each, starting from 1st Anniversar y* until Maturity"
"Staggered Redemptio n in Seven (7) annual payments of ₹142.86 each, starting from 1st Anniversar y* until Maturity"
"Staggered Redemptio n in Ten (10) annual payments of ₹100 each, starting from 1st Anniversar y* until Maturity"
"Staggered Redemptio n in Ten (10) annual payments of ₹100 each, starting from 1st Anniversar y* until Maturity"
Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category III & IV
Rs. 1000
Rs. 1000
Rs. 1202.65
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity
Rs. 1,327.75
Staggered Redemption in Five (5) annual payments of ₹200 each, starting from 1st Anniversary **until Maturity
Staggered Redemption in Five (5) annual payments of ₹200 each, starting from 1st Anniversary **until Maturity
"Staggered Redemptio n in Seven (7) annual payments of ₹142.86 each, starting from 1st Anniversar y* until Maturity"
"Staggered Redemptio n in Seven (7) annual payments of ₹142.86 each, starting from 1st Anniversar y* until Maturity"
"Staggered Redemptio n in Ten (10) annual payments of ₹100 each, starting from 1st Anniversar y* until Maturity"
"Staggered Redemptio n in Ten (10) annual payments of ₹100 each, starting from 1st Anniversar y* until Maturity"
"Maturity (from the Deemed Date of Allotmen t )Months"
24
24
24
36
36
36
60
60
84
84
120
120
*The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

How to invest in the Indiabulls Housing Finance Limited IPO?

Application process on BondsIndia platform is simple and seamless.

•Click on the details of the company on the home page

•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details

•Then, confirm the quantity and price and select payment method.

•That’s all folks , bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

Why choose BondsIndia?

BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.

BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Indiabulls Housing Finance Limited IPO on BondsIndia’s website.

Place your bid in three simple steps:

1

Key in Basic Details

2

Choose the IPO Series

3

Place the bid

How to invest in the
Indiabulls Housing Finance Limited ?

Application process on BondsIndia platform is simple and seamless.

  • Click on the details of the company on the home page
  • Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank, and Demat details
  • Then, confirm the quantity and price and select a payment method.
  • That’s all folks, bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

AUM

69,816 Crs

GNPA

3.30%

NPA

2.20%

  • Indiabulls Housing Finance Ltd
    Indiabulls Housing Finance Ltd (IBHFL) is one of India's largest housing finance companies (HFCs) in terms of AUM. It is a non-deposit-taking HFC registered with the National Housing Board (NHB). IBHFL focuses primarily on long-term secured mortgage-backed loans.
  • Products
    Housing loans and loans against property - It primarily offers housing and loans against property to our target client base of salaried and self-employed individuals, micro, small and medium-sized enterprises (MSMEs), and corporates.

    Mortgage loans to real estate developers in India -It 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.
  • Subsidiaries
    1. Indiabulls Commercial Credit Limited;
    2. Indiabulls Asset Management Company Limited;
    3. Indiabulls Collection Agency Limited;
    4. Ibulls Sales Limited ;
    5. Indiabulls Capital Services Limited;
    6. Indiabulls Advisory Services Limited;
    7. Indiabulls Insurance Advisors Limited;
    8. Indiabulls Trustee Company Limited
    9. Indiabulls Holdings Limited;
    10. Indiabulls Asset Holding Company Limited;
    11. Nilgiri Financial Consultants Limited;
    12. Indiabulls Investment Management Limited (Formerly known as Indiabulls Venture Capital Management Company Limited); and
    13. Indiabulls Asset Management Mauritius (Foreign Company)
  • Strong capitalization with healthy cover for asset-side risks The company has demonstrated a strong ability to raise capital (including the Rs 683 crore equity raised through qualified institutional placement [QIP] in fiscal 2021) and the proposed capital raising (of at least USD 275 million) will further strengthen the capital position over the medium term. Strong capitalization should continue to support the companyu2019s overall financial risk profile over the medium term.
  • Comfortable asset quality in retail segments IBHFL reported overall gross NPAs of 2.9% on June 30, 2021, compared to 2.7% on March 31, 2021. The uptick has been due to higher delinquencies in the housing loan and loan against property (LAP) segments on account of the second wave of Covid-19.

    The company's risk-mitigating measures are prudent, in the form of conservative loan-to-value ratios (averaging around 49%) in the LAP segment, and emphasis on collateral with sufficient cover in the commercial real estate segment. However, any sharp increase in NPAs, mainly in the commercial credit portfolio, and its impact on profitability will remain key rating sensitivity factors for IBHFL.
  • Susceptibility to asset quality risks arising from the commercial real estate portfolio Asset-quality risks arising from a sizeable large-ticket commercial credit portfolio of Rs 11,190 crore as on June 30, 2021 persist, and could impact the companys portfolio performance. Given the chunkiness of loans (average ticket size of Rs 150 crore), even a few large accounts experiencing stress could impact asset quality.

    The share of commercial credit in overall AUM has decreased over the last couple of years and was 14% as on June 30, 2020. The management is also in discussion with a potential investor for launching an alternative investment fund (AIF) platform (expected to be launched in the current fiscal) for this segment.

    However, any weakening in asset quality, specifically in the commercial real estate book and its impact on profitability, remains monitorable.
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LAUNCHPAD FINTECH PRIVATE LIMITED

Registered office: 601/602, Express Building, 14 E Road, Churchgate, Mumbai- 400020
SEBI Registration No: INZ000296636 | BSE Member ID: 6746 | NSE Member ID: 90329
CIN: U67100MH2020PTC425987,
Contact No. : +91-8882-200-300, Email : info@bondsindia.com

Launchpad Fintech Private Limited is only a distributor for the above IPO Investments in debt securities are subject to risks. Read all the offer related documents carefully.

The securities are quoted as an example and not as recommendation. For further details please refer www.bondsindia.com

The reader acknowledges that he or she has read and understood the disclaimers at https://www.bondsindia.com/disclaimer.html

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* Investments in debt securities are subject to risks. Read all the offer related documents carefully.
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SEBI Registration No. : INZ000296636 | BSE Member ID: 6746 | NSE Member ID: 90329

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