Indiabulls Commercial Credit Limited (ICCL), a non-deposit-taking NBFC with headquarters in Delhi, was established in 2006. It is a wholly owned subsidiary of Indiabulls Housing Finance Limited (IHFL), one of India’s top home loan providers. The business is a SARFAESI Act-notified financial institution. The company’s main area of expertise is long-term secured loans with mortgage guarantees. The company’s services fall under the following categories:
1. Retail mortgage loans to sole proprietorships, small enterprises, and self-employed people.
2. Corporate mortgage loans to residential project developers.
Small and medium-sized businesses as well as salaried and self-employed people make up the company’s clientele. With offices in Tier I, Tier II, and Tier III cities, ICCL is present all throughout India. The company employs around 3,500 people in sales. The company is currently preparing to list its debt securities on the mainboard exchange and provide investors with an additional investment opportunity.
Indiabulls Commercial Credit NCD January 2023 Detail
| Issue Open | Jan 5, 2023 – Jan 27, 2023 |
| Security Name | Indiabulls Commercial Credit Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 200.00 Crores |
| Issue Size (Shelf) | Rs 1,000.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA/ Stable by ICRA Limited. |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to VIII |
| Payment Frequency | Annual, Cumulative and Monthly |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trusties | BEACON TRUSTEESHIP LIMITED |
NCD Allocation Ratio
| Category | NCD’s Allocated |
| Institutional | 30% |
| Non-Institutional | 10% |
| HNI | 30% |
| Retail | 30% |
NCD’s Offered by Category
| Category | NCD’s Reserved |
| Institutional | 300,000 |
| Non-Institutional | 100,000 |
| HNI | 300,000 |
| Retail | 300,000 |
| Total NCD’s | 1,000,000 |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
| 31-Mar-20 | 16387.3 | 2191.28 | 19.81 | 4406.95 |
| 31-Mar-21 | 15873.26 | 1632.94 | 139.04 | 4553.2 |
| 31-Mar-22 | 13143.65 | 1841.88 | 508.22 | 5064.84 |
| Amount in ₹ Crore |
Objects of the Issue:
The Company proposes to utilize the funds to be raised through this Tranche I Issue towards funding the following objects:
- 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 Commercial Credit NCD Prospectus
Company Contact Information
Indiabulls Commercial Credit Limited
5th Floor, Building No. 27,
KG Marg, Connaught Place,
New Delhi-110001
Phone: +91 11 4353 2950
Email: helpdesk@indiabulls.com
Website: http://www.indiabullscommercialcredit.com/
Indiabulls Commercial Credit NCD January 2023 Registrar
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: iccl.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/
Indiabulls Commercial Credit NCD January 2023 Lead Manager(s)
- Edelweiss Financial Services Ltd
- Elara Capital (India) Private
- Trust Investment Advisors Private Limited
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