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Indiabulls Consumer Finance NCD / ICFL NCD Dates, Size, Allotment, DRHP & more

Let’s have a detailed review of the company and analytics of the ICFL NCD or Indiabulls Consumer Finance NCD release date, NCD issue size, subscription, Indiabulls Consumer Finance NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.

Indiabulls Consumer Finance NCD / ICFL NCD – MAY 2019 Detail

Credit RatingCARE AA Stable by CARE and BWR AA+ Stable by Brickwork Ratings India Private Limited
Issue OpenMay 30, 2019
Issue CloseJune 21, 2019
Issue Size (Base)Rs. 1000 million
Issue Size (Shelf)Rs. 30,000 million
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE and NSE
Tenor400 days/ 24 months/ 36 months/ 60 months
SeriesSeries I to Series IX
Payment FrequencyMonthly and Annual
Basis of AllotmentPriority basis

Indiabulls Consumer Finance NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameIndiabulls Consumer Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Coupon payment frequencyMonthly and Annual
Coupon typeFixed
Tenor400 days/ 24 months/ 36 months/ 60 months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeIDBI Trusteeship Services Limited

Indiabulls Consumer Finance NCD or ICFL NCD Dates

The opening and the closing date of Indiabulls Consumer Finance NCD is May 30, 2019 to June 21, 2019.


Indiabulls Consumer Finance NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day : till 19th Sept
10th – 20th Day : till
20th – 30th Day : till
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Indiabulls Consumer Finance NCD Allotment Status

Here, you can find the Allotment Status of this NCD.


ICFL NCD Share Offering

Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.

ICFL NCD Allocation Ratio

NCD Allocation Ratio
CategoryNCD’s Allocated
QIB – Category 120%
Corporate – Category 220%
HNI – Category 330%
RII – Category 430%

Indiabulls Consumer Finance NCD Offered

NCD Offered
CategoryNCD’s Reserved
QIB – Category 120,00,000
NII – Category 220,00,000
HNI – Category 330,00,000
RII – Category 430,00,000
Total NCD’s1,00,00,000

Indiabulls Consumer Finance NCD / ICFL NCD Coupon Rates

SeriesI*IIIIIIVVVIVIIVIIIIX
Frequency
Payment
NAAnnualNAMonthlyAnnualNAMonthlyAnnualNA
Min. ApplicationRs. 10,000 (10 NCDs) across all Series
Face ValueRs. 1,000
In Multiples of thereafter (Rs.)Rs. 1,000/- (1 NCD)
Tenor400 days24 months24
months
36
months
36 months36
months
60
months
60 months60 months
Coupon (% per annum)NA10.27%NA9.95%10.41%NA10.13%10.61%NA
Effective Yield (% per annum)10.00%10.25%10.25%10.41%10.40%11.40%10.60%10.60%10.60%
Moe of Interest
Payment
Through various mode available
Amount (Rs / NCD)Rs. 1,110.10Rs. 1,000.00Rs.1,215.83Rs. 1,000Rs. 1,000Rs. 1,345.94Rs. 1,000Rs. 1,000Rs. 1655.83
Put and Call OptionNANANANANANANANANA

Indiabulls Consumer Finance NCD Issue Object

These are the NCD Issue Objects of the company

  • For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
  • General corporate purposes

Indiabulls Ventures Limited – Company Overview

They are part of the Indiabulls Ventures group, which is a prominent financial services company providing brokering, lending and wealth management businesses, amongst other businesses. The Promoter, Indiabulls Ventures Limited, was incorporated in 1995; and its long standing presence in financial services has enabled them to establish “Indiabulls” as a recognized brand in the financial services sector.

In order to ensure expansion of the Company’s lending operations, the Promoter has infused funds periodically in the form of equity in the Company. As of March 31, 2019, they had presence in more than 100 cities throughout India through which they market their loan products, enabling them to operate on a pan-India basis.

In Fiscal 2018, they launched their end-to-end personal loan fulfillment mobile based application “Dhani”, an automated mode of lending which will enable loan application, risk analysis, credit approval, underwriting and disbursal processes to be carried out electronically through the application. Further, they use various analytical techniques which enables them to deliver digitized and customized offering to customers.

The Company has made significant investments in technology in Fiscal 2018, which has resulted in the development of quick application based electronic disbursals reducing the operating costs of the Company. This model is scalable; and going forward, the Company’s products offerings can be expanded to different geographies through “Dhani”.


Indiabulls Consumer Finance NCD Lead Managers

Lead Managers
EDELWEISS FINANCIAL SERVICES LIMITED

A.K.CAPITAL SERVICES LIMITED

AXIS BANK LIMITED

TRUST INVESTMENT ADVISORS PRIVATE LIMITED


Indiabulls Consumer Finance NCD Debenture Trustee

Debenture Trustee**
IDBI TRUSTEESHIP SERVICES LIMITED
Asian Building, Ground Floor,
17, R. Kamani Marg, Ballard Estate,
Mumbai – 400 001
Telephone No.: +91 22 40807018
Facsimile No.: +91 22 66311776
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.idbitrustee.com
Contact Person: Ms. Anjalee Athalye
SEBI Registration No.: IND000000460
CIN: U65991MH2001GOI131154

ICFL NCD Registrar to offer

Registrar to the Offer
KARVY FINTECH PRIVATE LIMITED
Karvy Selenium, Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda, Serilingampally
Hyderabad Rangareddy, Telangana – 500 032
Telephone No.: +91 40 6716 2222;
Facsimile No.: +91 40 2343 1551
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.karvyfintech.com
Contact Person: Mr. M Murali Krishna
SEBI Registration. No.: INR000000221
CIN: U72400TG2017PTC117649

Indiabulls Consumer Finance NCD / ICFL NCD Ratings

The NCDs proposed to be issued under this Tranche II Issue have been rated CARE AA; Stable (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018, and revalidated vide their letter no. CARE/HO/RL/2018-19/4596 dated January 30, 2019.

Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/MM/0468/2018-19 dated October 19, 2018.

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.


Indiabulls Consumer Finance NCD News

News 1 – Download RHP Prospectus


Market Guide

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