Indiabulls NCD 2019: Upcoming NCD Indiabulls Consumer Finance

Indiabulls NCD 2019: Indiabulls Consumer Finance Limited is issuing the Non-Convertible Debentures (NCDs) from 04 February 2019 to 04 March 2019 for investment. Indiabulls Consumer Finance Ltd is a subsidiary of Indiabulls Venture Ltd and belongs to the Gurgaon-based Indiabulls group which a leading financial services conglomerate in India. It is engaged primarily in housing finance services, consumer financial services and wealth management services. It is a Non-Banking Financial Company (NBFC) registered with RBI. It was recently in the popularity after launching its online financing platform – Dhani.

Indiabulls NCD 2019 - upcoming ncd issues in India

Indiabulls NCD 2019 – Issue Details

Issue Type Secured Redeemable Non-Convertible Debentures
Issuer Indiabulls Consumer Finance Limited
Issue Opens 04 February 2019
Issue Closes 04 March 2019
Interest Up to 11.00%
Face Value Rs 1,000 Per NCD
Issue Size Rs 3,000 Crores
Minimum Order Quantity 10 NCD (Rs 10,000)
Listing BSE, NSE

Indiabulls NCD 2019 – Objects to the Issue

According to Indiabulls Consumer Finance Limited, the following are objectives to issue the NCD:-

  1. It has the purpose of further lending, financing, and for repayment  and prepayment of interests and principals of existing borrowings of the company, which will be at least 75%, and
  2.  For general corporate purposes, which will be a maximum of 25%.

Indiabulls NCD 2019 – Ratings of the NCD

The NCD has got the following ratings by two rating agencies:-

  • CARE Ratings Limited: CARE AA/Stable
  • Brickwork Ratings India Private Limited: BWR AA+/Stable

About Indiabulls Consumer Finance Limited

Indiabulls Consumer Finance Limited was incorporated in the year 1994. It is a non-deposit taking Non-Banking Financial Company (NBFC). It is a subsidiary of its parent company Indiabulls Ventures Limited which is India’s prominent financial services company. This company is primarily engaged in the business of personal loans, business loans and other loans. The company has launched a mobile application “Dhani”, which provides an easier lending facility to customers. The company is also using analytical techniques in delivering customized offers to customers. This company also provides online trading services. It has a diversified lender base including PSUs, private banks, mutual funds, provident funds, pension funds etc. 

Following are the key strengths of the company:-

  • Strong recognition of the brand name of the company
  • Country-wide reach and presence among the customer base
  • Online marketing of the company’s loan products 
  • Customer sourcing and marketing models
  • In-house loan monitoring
  • In-House customer services team

Click here to see the financials of the company.

Promoters:  The company has the promoter Indiabulls Ventures Limited.

Address:  Indiabulls House, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013.

Telephone: + 91-22-6189-1000

Website: www.indiabullsconsumerfinance.com

Indiabulls NCD 2019 – Lead Managers to the Issue
  1. Edelweiss Financial Services Limited
  2. A.K. Capital Services Limited
  3. Axis Bank Limited
  4. Trust Investment Advisors Private Limited
Indiabulls NCD 2019 – Registrar to the Issue

Karvy Fintech Private Limited

Indiabulls NCD 2019 – Debenture Trustee

IDBI Trusteeship Services Limited

Click here to visit the product description page.

Please click here and go through the draft prospectus of the issue.

 

Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

 

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Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #Indiabulls NCD 2019

 

 

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