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IPO

BondsIndia

AA

Opening Date

03 Apr 2023

Closing Date

19 Apr 2023

Yield

Upto 10.50%

Tenure

Upto 60 Months

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Home   /   IPO   /    Indiabulls Commercial Credit Limited

IPO

Indiabulls Commercial Credit Limited

Ongoing IPO

Indiabulls Commercial Credit Limited

Opening Date
03 Jan 2023

BondsIndia

AA

Closing Date
19 Jan 2023

bondsindia

Time to close

Yield
Upto 10.50%

Tenure
Upto 60 Months

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KNOW MORE
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IPO Details

IPO Details

Issue Size (Including Green Shoe Option) 200 crores
Face Value ₹1000
Coupon Upto 10.50%
Minimum Number of Bonds 10
Lot Size (Multiplier) 1
Allotment Date (Tentative) 26 Apr 2023
Listing Date (Tentative) 28 Apr 2023
Exchange Bid Time (24 Hours) 10:00 to 17:00

Documents attached

Information Memorandum

 

BondsIndia
Product Note

 

BondsIndia

*Allotment on first come first serve basis

 

ISSUE STRUCTURE

Series
I
II
III
IV*
V
VI
VII
VIII
Frequency of Interest payment
Annual
Monthly
Cumulative
Annual
Monthly
Cumulative
Annual
Monthly
Minimum Application
10000 (10 NCDs) across all Series
Face Value/ Issue Price of NCDs (₹/ NCD)
1000
In multiples of thereafter ()
10000 (1 NCD)
Tenure (Months)
24
Months
24
Months
24
Months
36
Months
36
Months
36
Months
60
Months
60
Months
Coupon (% per annum) for NCD Holders in Category I & II
9.60%
9.20%
NA
9.75%
9.35%
NA
10.00%
9.57%
Coupon (% per annum) for NCD Holders in Category III & IV
10.00%
9.57%
NA
10.25%
9.80%
NA
10.50%
10.03%
Effective Yield (per annum) for NCD Holders in Category I & II
9.59%
9.58%
9.60%
9.74%
9.75%
9.75%
9.99%
9.99%
Effective Yield (per annum) for NCD Holders in Category III & IV
9.98%
9.99%
10.00%
10.23%
10.24%
10.25%
10.49%
10.50%
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II
Rs. 1000
Rs. 1000
Rs.1201.55
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity
Rs. 1,322.30
Staggered Redemption in Five (5) annual payments of ₹200 each, starting from 1st Anniversary **until Maturity
Staggered Redemption in Five (5) annual payments of ₹200 each, starting from 1st Anniversary **until Maturity
Redemption Amount (₹ /NCD) on Maturity for NCD Holders in Category III & IV
Rs. 1000
Rs. 1000
Rs. 1210.35
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity
Rs. 1,340.45
Staggered Redemption in Five (5) annual payments of ₹200 each, starting from 1st Anniversary **until Maturity
Staggered Redemption in Five (5) annual payments of ₹200 each, starting from 1st Anniversary **until Maturity
*The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

How to invest in the Indiabulls Commercial Credit Limited IPO?

Application process on BondsIndia platform is simple and seamless.

•Click on the details of the company on the home page

•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details

•Then, confirm the quantity and price and select payment method.

•That’s all folks , bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

Why choose BondsIndia?

BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.

BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Indiabulls Commercial Credit Limited IPO on BondsIndia’s website.

Place your bid in three simple steps:

1

Key in Basic Details

2

Choose the IPO Series

3

Place the bid

How to invest in the
Indiabulls Commercial Credit Limited ?

Application process on BondsIndia platform is simple and seamless.

  • Click on the details of the company on the home page
  • Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank, and Demat details
  • Then, confirm the quantity and price and select a payment method.
  • That’s all folks, bidding complete!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.

AUM

13,730 Crs

GNPA

2.1%

NPA

1.4%

  • Indiabulls Commercial Credit Limited
    Indiabulls Commercial Credit Limted (ICCL) is a Non-Banking Finance Company (NBFC), registered with Reserve Bank of India (RBI). It was incorporated in 2006 and is a wholly owned subsidiary of IBHFL, with total assets under management (AUM) of Rs 14,398 crore as on December 31, 2020. The company, continues to focus on asset classes such as LAP and Commercial Real Estate. As of December 31, 2020 LAP constituted 52% of the book and remaining 48% was Commercial real Estate.
  • Products Offered
    Housing loans and loans against property - It primarily offers housing and loans against property to our target client base of salaried and self-employed individuals, micro, small and medium-sized enterprises (MSMEs), and corporates.

    Mortgage loans to real estate developers in India -It also offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises.
  • Expectation of support from the parent, IBHFL ICCL is an important subsidiary for IBHFL, as it undertakes loan against property and Commercial Real Estate business and supports IBHFL's product offering and revenue profile. Further, there exists strong operational and managerial integration between ICCL and IBHFL. The latter benefits from the robust retail franchise and nation-wide branch infrastructure of the parent. ICCL also has board representation from IBHFL. ICCL is the wholly own subsidiary of IBHFL and CRISIL Ratings believes IBHFL will provide both funding and capital assistance to ICCL if & when required. The extensive business and financial linkages, along with 100% holding and shared brand name, imply a support from IBHFL to ICCL.
  • Comfortable capitalisation: ICCL is well capitalised, with networth and gearing of Rs 4,687 crore and 1.8 times, respectively, as on December 31, 2020. The overall and tier-I capital adequacy ratio stood at 32.0% and 34.6%, respectively, as on same date. Given the healthy asset quality, asset side risk cover also remains comfortable, with a networth to pro-forma net NPA ratio at 8 times as on December 31, 2020. Capitalisation is expected to remain comfortable backed by steady internal cash accrual, and capital support from IBHFL as and when needed.
  • Susceptibility to asset quality risks, arising from high proportion of Commercial Real Estate portfolio Asset-quality risks arising from the sizeable large-ticket Commercial Real Estate portfolio persist, and could impact the company's portfolio performance in an economic downturn scenario. Given the chunkiness of loans in this segment (average ticket size of Rs 150 crore), stress in even a few large accounts could impact asset quality. Nevertheless, the company follows prudent lending practises and also ensures sufficient collateral cover against these loans. While the delinquencies in the commercial lending portfolio remains low, it will continue to be a key monitorable over the medium term.
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* Investments in debt securities are subject to risks. Read all the offer related documents carefully.
N/A stands for Not Applicable

SEBI Registration No. : INZ000296636 | BSE Member ID: 6746 | NSE Member ID: 90329

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