Indiabulls Consumer Finance NCD / ICFL NCD Dates, Size, Allotment, DRHP & more
Last Updated Date: Nov 17, 2022Let’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 Rating | CARE AA Stable by CARE and BWR AA+ Stable by Brickwork Ratings India Private Limited |
| Issue Open | May 30, 2019 |
| Issue Close | June 21, 2019 |
| Issue Size (Base) | Rs. 1000 million |
| Issue Size (Shelf) | Rs. 30,000 million |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE and NSE |
| Tenor | 400 days/ 24 months/ 36 months/ 60 months |
| Series | Series I to Series IX |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment | Priority basis |
Indiabulls Consumer Finance NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Indiabulls Consumer Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Coupon payment frequency | Monthly and Annual |
| Coupon type | Fixed |
| Tenor | 400 days/ 24 months/ 36 months/ 60 months |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | IDBI 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 / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total 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 | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 20% |
| Corporate – Category 2 | 20% |
| HNI – Category 3 | 30% |
| RII – Category 4 | 30% |
Indiabulls Consumer Finance NCD Offered
| NCD Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 20,00,000 |
| NII – Category 2 | 20,00,000 |
| HNI – Category 3 | 30,00,000 |
| RII – Category 4 | 30,00,000 |
| Total NCD’s | 1,00,00,000 |
Indiabulls Consumer Finance NCD / ICFL NCD Coupon Rates
| Series | I* | II | III | IV | V | VI | VII | VIII | IX |
| Frequency Payment |
NA | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA |
| Min. Application | Rs. 10,000 (10 NCDs) across all Series | ||||||||
| Face Value | Rs. 1,000 | ||||||||
| In Multiples of thereafter (Rs.) | Rs. 1,000/- (1 NCD) | ||||||||
| Tenor | 400 days | 24 months | 24 months |
36 months |
36 months | 36 months |
60 months |
60 months | 60 months |
| Coupon (% per annum) | NA | 10.27% | NA | 9.95% | 10.41% | NA | 10.13% | 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. 1,110.10 | Rs. 1,000.00 | Rs.1,215.83 | Rs. 1,000 | Rs. 1,000 | Rs. 1,345.94 | Rs. 1,000 | Rs. 1,000 | Rs. 1655.83 |
| Put and Call Option | NA | NA | NA | NA | NA | NA | NA | NA | NA |
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: anjalee@idbitrustee.com Investor Grievance Email: response@idbitrustee.com 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: icfl.ncd2@karvy.com Investor Grievance Email: einward.ris@karvy.com 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
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