Indiabulls NCD Issue 2019: Upcoming NCD Indiabulls Consumer Finance
Indiabulls NCD Issue 2019 – Indiabulls Consumer Finance Limited is issuing the Non-Convertible Debentures (NCDs) from 04 February 2019 to 04 March 2019.
Indiabulls NCD Issue 2019 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||10 NCD (Rs 10,000)|
Objects of the Indiabulls NCD Issue 2019
According to Indiabulls Consumer Finance Limited, the following are objectives to issue the NCD:-
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
- For general corporate purposes, which will be a maximum of 25%.
Rating of the Indiabulls NCD Issue 2019
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
Lead Managers to the Indiabulls NCD Issue 2019
- Axis Bank Limited
- Trust Investment Advisors Private Limited
Indiabulls NCD Issue 2019 Registrar
Indiabulls NCD Issue 2019 Trustee
IDBI Trusteeship Services Limited
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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