Indiabulls Commercial Credit NCD 2023 Details

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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 
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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: 

  1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and 
  1. 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
Websitehttp://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
Websitehttps://karisma.kfintech.com/

Indiabulls Commercial Credit NCD January 2023 Lead Manager(s)

  1. Edelweiss Financial Services Ltd
  2. Elara Capital (India) Private
  3. Trust Investment Advisors Private Limited

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