Indiabulls Consumer Finance Limited NCD, May 2019

Indiabulls Consumer Finance NCD

Indiabulls Consumer Finance Limited is offering a NCD for investors, which is open for all investors from 30th May 2019 to 21st June 2019. Promoters intend to raise Rs 1,000 Crore (Base) & Rs 3,000 Crore (Shelf) through the issue. For other details on Indiabulls Consumer Finance Limited NCD, scroll below

Indiabulls Consumer Finance Limited is a Mumbai based Non Banking Finance Corporation (NBFC). Indiabulls consumer also provide personal and business loans to SME. Company holds 6 lakh plus loan accounts  

Indiabulls Consumer Finance Limited was incorporated on 27th October 1994 as Malpani Securities Private Limited. After series of changes in the name of the company, finally on 18th September 2018, it was changed to Indiabulls Consumer Finance Limited

Indiabulls Venture Limited is the promoters of the company

The company mainly focuses on giving personal and business loans against its customers through online channel

  • The company offers its services mainly to retail clients as well as to small and medium scale business houses

The net proceeds will be used by the company to:

  • lend money to enhance loan books, repay interest and principal amount of the loan availed  and remaining proceeds will be used to maintain general corporate purposes

Issue Details
Issue Open30th May 2019Issue Close21st June 2019
Issue TypeFixed Price Issue NCDFace Value Rs 1000 Per NCD
Issue PriceRs 1000 Per NCDMinimum order quantity10 NCD
Issue Size ( Base)Rs 1000 CroreMarket Lot1
Issue Size ( Shelf)Rs 3000 CroreListing at BSE,NSE
SeriesSeries I to Series IXPayment FrequencyMonthly & Annual
Basis of AllotmentPriority basisTenureRanging from 400 days to 60 Month

CARE has given CARE AA änd Brickwork Ratings has given BWR AA+ to the Indiabulls Consumer Finance Limited NCD

NCDs have tenure of 400 to 60 months. It offers coupon rates ranging from 10.27% to 10.61% based on the tenure and the interest payment options

A K Capital Services Limited, Axis Bank Limited, Trust Investment Advisors Private Limited & Edelweiss Capital Limited are managing the NCD of the company

Indiabulls Consumer Finance Limited, Indiabulls House, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone Road, Mumbai – 400 013

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