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Indiabulls Housing Finance NCD (IHFL NCD) Details

Indiabulls Housing Finance NCD (IHFL NCD) Details:

Indiabulls Housing Finance (IHFL) has filed Draft Shelf Prospectus (DSP) on August 19, 2016. It will be a public issue by Indiabulls Housing Finance (IHFL) of secured redeemable non-convertible debentures (NCDs) and unsecured redeemable non-convertible debentures (NCDs) of face value Of Rs 1,000/- each.

Base issue will be of up to Rs 35,000 Million with an option to retain over-subscription up to Rs 35,000 Million for issuance of additional Ncds aggregating up to Rs 70,000 Million.

Objects of the Indiabulls Housing Finance NCD (IHFL NCD) Issue:

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

Indiabulls Housing Finance NCD (IHFL NCD) details:

  1. Issue Open: Thursday, September 15, 2016 –  Friday, September 23, 2016.
  2. Issue Type: 100% Book Built Issue (First Come First Serve).
  3. Face Value: Rs. 1000 Per NCD.
  4. Minimum Order Quantity: 10 NCDs and in multiple of 1 NCD thereon.
  5. Issue Size: Rs 7,000 Crore.
  6. Listing At: NSE, BSE.
CategoryPortionAllotment BasisSize (%)
QIBs  (I)Institutional“First Come First Serve” basis20% of the overall issue size
Corporates (II)Non-Institutional“First Come First Serve” basis20% of the overall issue size
Resident Individuals, HUFs,>10 Lacs (III)HNI“First Come First Serve” basis30% of the overall issue size
Resident Individuals, HUFs,<=10 Lacs (IV)Retail“First Come First Serve” basis30% of the overall issue size

Interest Rate and Time Period: The NCDs will offer yield in the range of 8.55-9.15 per cent per annum. These carry the options of 3, 5 and 10 years of tenure for secured and 10 years for unsecured bonds.

Credit RatingThe NCDs proposed to be issued under this Issue have been rated CARE AAA (Triple A) for an amount of Rs 70,000 million, by Credit Analysis & Research Ltd. (CARE). It has also got rating of BWR AAA with stable outlook an amount of Rs 70,000 million, by Brickwork Ratings India Private Limited (Brickwork).

Yes Securities (India) Limited, Edelweiss Financial Services Limited, A. K. Capital Services Limited, Axis Bank Limited, IIFL Holdings Limited, Indusind Bank Limited, SBI Capital Markets Limited and Trust Investment Advisors Private Limited will be the lead manager of the issue. While IDBI Trusteeship Services Limited will be the Debenture Trustee of the issue.

Karvy Computershare Pvt Ltd will be the registrar of the issue.

Indiabulls Housing Finance NCD (IHFL NCD) Draft Shelf Prospectus :

Indiabulls Housing Finance NCD (IHFL NCD) Prospectus

Indiabulls Housing Finance NCD (IHFL NCD) Prospectus :

Indiabulls Housing Finance NCD (IHFL NCD) Prospectus

Market Update:

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L&T Technology IPO bidding is going to start from September 12, 2016.

GNA Axles Ltd IPO bidding also going to start from September 14, 2016 – September 16, 2016.

After that ICICI Prudential Life Insurance IPO will open on September 19,2016 and will close on September 21, 2016.

2 NSE SME IPO that is Crown Lifters Ltd IPO (CLL IPO) and Husys Consulting Ltd IPO (Husys Consulting IPO) bidding will start from September 9 – September 19.

1 BSE SME IPO, Radhika Jeweltech Ltd IPO (RJL IPO) is going to open from September 12, 2016 – September 20, 2016.

There are some good stocks in Pipeline this year including BSE itself coming with its own IPO. BSE will be selling its shares on index and traded on exchange.

Other some important IPO’s to look upon are NSE IPO and HDFC Standard Life IPO etc.

So Keep watching this blog to keep yourself updated with all the news.

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Latest Grey Market Premium (GMP) of L&T Technology IPO (LTT IPO) is between Rs 43 – Rs 48 per equity share. While Current  Grey Market Premium (GMP) of ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) is between Rs 18 – Rs 22 per equity share.

GNA Axles Ltd IPO (GNA Axles IPO) Grey Market Premium (GMP) between Rs 14 – Rs 17 per equity share.

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