Opening Date
9 Dec 2021
Closing Date
31 Dec 2021
Yield
Upto 9.26%
Tenure
Upto 60 Months
Ongoing IPO
Opening Date
9 Dec 2021
Closing Date
31 Dec 2021
Time to close
Yield
Upto 9.26%
Tenure
Upto 60 Months
| Issue Size (Including Green Shoe Option) | 1,000 | ||
| Face Value | 1000 | ||
| Coupon | Upto 9.25% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 4 Jan 2022 | ||
| Listing Date (Tentative) | 10 Jan 2022 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | I | II | III | IV | V | VI | VII | VIII |
Nature Of NCDs | Secured Redeemable Non-Convertible Debenture | |||||||
Who Can Apply | Everyone | |||||||
Tenure | 24 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
Frequency of Interest payment | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY | MONTHLY |
Best Coupon Rate (% p.a.) for: | ||||||||
Category 1 | 8.35 % | -N.A.- | 8.05 % | 8.50 % | -N.A.- | 8.20 % | 8.75 % | 8.43 % |
Category 2 | 8.35 % | -N.A.- | 8.05 % | 8.50 % | -N.A.- | 8.20 % | 8.75 % | 8.43 % |
Category 3 | 8.75 % | -N.A.- | 8.42 % | 9.00 % | -N.A.- | 8.66 % | 9.25 % | 8.89 % |
Category 4 | 8.75 % | -N.A.- | 8.42 % | 9.00 % | -N.A.- | 8.66 % | 9.25 % | 8.89 % |
Effective Yield (% p.a.) for: | ||||||||
Category 1 | 8.35 % | 8.35 % | 8.36 % | 8.49 % | 8.50 % | 8.51 % | 8.75 % | 8.76 % |
Category 2 | 8.35 % | 8.35 % | 8.36 % | 8.49 % | 8.50 % | 8.51 % | 8.75 % | 8.76 % |
Category 3 | 8.75 % | 8.75 % | 8.75 % | 8.99 % | 9.00 % | 9.00 % | 9.24 % | 9.26 % |
Category 4 | 8.75 % | 8.75 % | 8.75 % | 8.99 % | 9.00 % | 9.00 % | 9.24 % | 9.26 % |
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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 Edelweiss Financial Services Limited IPO on BondsIndia's website.
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Application process on BondsIndia platform is simple and seamless.
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Rs 79213 Crore
2.90%
1.55%
96.40%
Indiabulls Housing Finance Ltd. (IBHFL) is India`s third largest housing finance company, regulated by the Reserve Bank of India (RBI).
The company has a balance sheet size of Rs 0.87 trillion as on 30th June, 2021.
It is has a strong nationwide presence within over 130 branches and continues to reach out further with eHome Loans - Indiau2019s first completely online home loan fulfilment platform.
Its has 2 representatives offices in Dubai and London offering services to NRI
Strong capitalisation with healthy cover for asset-side risks
Capitalisation is marked by sizeable networth of Rs 15,635 crore as on June 30, 2021, supported by healthy internal accruals. Accruals of Rs 1,988 crore from sale of bulk of its investment in OakNorth Bank in fiscal 2021 also contributed to the strengthening of capital position. Networth coverage for pro-forma net non-performing assets (NPAs) was also comfortable at around 13 times
Comfortable asset quality in retail segments
IBHFL reported overall gross NPAs of 2.9% as on June 30, 2021 compared to 2.7% as on March 31, 2021. The uptick has been due to higher delinquencies in the housing loan and loan against property (LAP) segments on account of the second wave of Covid-19. Despite the uptick, asset quality continues to remains comfortable in these segments (together forming 86% of AUM as on June 30, 2021) with gross NPAs in housing loan and LAP at 1.2% and 2.9%, respectively.
Sizeable presence in the retail mortgage finance segment
IBHFL is the one of the larger housing finance companies (HFCs) in India with total AUM of Rs 79,213 crore as on June 30, 2021. The share of housing loans within the overall AUM continues to increase and was at 69% as on June 30, 2021 as compared to 50% as on March 31, 2015
Susceptibility to asset quality risks arising from the commercial real estate portfolio
Asset-quality risks arising from a sizeable large-ticket commercial credit portfolio of Rs 11,190 crore as on June 30, 2021 persist, and could impact the companyu2019s portfolio performance. Given the chunkiness of loans (average ticket size of Rs 150 crore), even a few large accounts experiencing stress could impact asset quality.
Successful transition to new business model to be established; though IBHFL has demonstrated strong execution capabilities in the past/
The management has recalibrated its business model in the light of funding access challenges that the company, as well as non-banking financial companies (NBFCs) in general have faced in recent times. Under the revised business model, IBHFL plans to move towards a less risky and asset-light framework, wherein disbursements will primarily be in the housing loans and LAP segments (with a potential 60:40 split), with a low proportion of incremental disbursals in developer finance portfolio. Further, on a steady state basis, of the overall disbursals, a significant proportion will be either co-originated or sold-down to banks.
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