Opening Date
5 Sep 2022
Closing Date
22 Sep 2022
Yield
Upto 9.54%
Tenure
Upto 60 Months
Ongoing IPO
Opening Date
5 Sep 2022
Closing Date
22 Sep 2022
Time to close
Yield
Upto 9.54%
Tenure
Upto 60 Months
| Issue Size (Including Green Shoe Option) | 1,000 | ||
| Face Value | 1000 | ||
| Coupon | Upto 9.55% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 28 Sep 2022 | ||
| Listing Date (Tentative) | 29 Sep 2022 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | I | II | III | IV | V | VI | VII | VIII |
Nature Of NCDs | Secured Redeemable Non-Convertible Debentures | |||||||
Who Can Apply | Everyone | |||||||
Tenure | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
Frequency of Interest payment | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY | MONTHLY |
Best Coupon Rate (% p.a.) for: | ||||||||
Category 1 | 8.65 % | -N.A.- | 8.33 % | 8.80 % | -N.A.- | 8.47 % | 9.05 % | 8.70 % |
Category 2 | 8.65 % | -N.A.- | 8.33 % | 8.80 % | -N.A.- | 8.47 % | 9.05 % | 8.70 % |
Category 3 | 9.05 % | -N.A.- | 8.70 % | 9.30 % | -N.A.- | 8.94 % | 9.55 % | 9.15 % |
Category 4 | 9.05 % | -N.A.- | 8.70 % | 9.30 % | -N.A.- | 8.94 % | 9.55 % | 9.15 % |
Effective Yield (% p.a.) for: | ||||||||
Category 1 | 8.64 % | 8.65 % | 8.65 % | 8.79 % | 8.80 % | 8.79 % | 9.04 % | 9.05 % |
Category 2 | 8.64 % | 8.65 % | 8.65 % | 8.79 % | 8.80 % | 8.79 % | 9.04 % | 9.05 % |
Category 3 | 9.04 % | 9.05 % | 9.05 % | 9.29 % | 9.30 % | 9.31 % | 9.54 % | 9.54 % |
Category 4 | 9.04 % | 9.05 % | 9.05 % | 9.29 % | 9.30 % | 9.31 % | 9.54 % | 9.54 % |
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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 Edelweiss Financial Services Limited IPO on BondsIndia's website.
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Application process on BondsIndia platform is simple and seamless.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
Rs. 62809.65 Crs
3.76%
2.21%
Indiabulls Housing Finance Ltd (IBHFL) is one of the largest housing finance companies (HFCs) in India 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.
u29bf u29bf Products Offered
Housing loans and loans against property - It primarily offers housing loans and loans against property to our target client base of salaried and self-employed individuals and 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.
u29bf u29bf 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) $$
One of the largest pan-India HFCs with strong financial performance and credit ratings
IBHFL is one of the largest HFCs in India in terms of AUM. Its geographical reach within India across Tier I, Tier II, and Tier III cities enables it to target and grow their customer base. IBHFL offers loans to their target client base of salaried and self-employed individuals and MSMEs. IBHFL`s presence across India allows them to undertake loan processing, appraisal, and management of customer relationships in an efficient and cost-effective manner. Further, it`s a well-capitalized HFC with a strong financial track record.
Expertise in Providing Loans to Self-Employed Individuals and MSMEs
IBHFL primarily provides loans against property to self-employed individuals, proprietorships, and MSMEs and corporates. These loans are secured against the cash-flow of businesses and through mortgages of, among others, business premises and self-occupied residential properties of customers. IBHFL has over 14 years of experience with loans against property (u201cLAPu201d), with demonstrated portfolio performance across business cycles including the global financial crisis, demonetization, GST transition as well as the liquidity squeeze of the last three years.
Prudent credit and collection policies IBHFL has separate policies tailored for retail loans and for loans to real estate developers
These policies are aimed at supporting the growth of the business by minimizing the risks associated with growth in the loan book. IBHFL also has an experienced collections team which, with their legal team, have enabled them to maintain high collection efficiencies through economic cycles. Their centralized credit analysis processes combined with a dedicated collections team help them maintain the quality and growth of total AUM.
Effective use of technology
IBHFL`s e-Home Loans facility is a technological platform that gives their home loan customers access to paperless loans through their computers or mobile devices. With this technology, the entire process of loan origination (from loan application to approval) is managed through computers and mobile devices so there is no need for a branch visit.
Experienced Board of Directors and Senior Management Team
IBHFL Board of Directors comprises a diversified mix of professionals, who have experience and expertise in the fields of banking and regulatory affairs, business, legal affairs, and taxation, among others. A number of senior management team members have been with the company since the commencement of the operations.
Average asset quality
The asset quality has witnessed some stress over the past few quarters with gross non-performing asset (GNPA)and net non-performing asset (NNPA)increasing to 2.66% and 1.59%respectively, as of March 31, 2021. The said ratios deteriorated mainly on account of high slip pages in the non-housing loan book and shrinkage in the asset base. However, IBHFL managed to restrict asset quality from further deterioration with the reduction in slippages to NPA and maintaining healthy collection efficiency levels as of Sep30, 2021. GNPA and NNPA of the Company stood at 2.69% and 1.53%, respectively as of Sep 30, 2021. The managementu2019s continuous focus is to scaled own its corporate loan book which is more vulnerable to the real estate sector risk, contributing ~14%of the total AUM
Subdued profitability levels
The Company 2019`s profitability levels were impacted due to falling income levels on the back of shrinkage of loan book, high provisioning due to the impact of COVID-19 pandemic and falling of NIM due to sell down of high-yielding developer loan portfolio coupled with high credit costs as on Sep30,2021. IBHFL reported PAT of Rs.568.03 Crs (ROA & ROE of 1.25% & 7.15%, respectively) as of Sep 30, 2021 compared to Rs.596Crs (ROA & ROE of 1.26% & 7.09%, respectively) as of Sep 30, 2020. BWR believes that its profitability levels are expected to remain subdued in the current financial year owing to restricted AUM growth along with the high cost of borrowings. The ability of IBHFL to scale up its retail loan book under the new business model and raise funds at competitive rates to improve its profitability levels remains a key monitorable
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