Incorporated in 1994, Mumbai based Indiabulls Consumer Finance Limited (ICFL) is a non-deposit taking NBFC. The company is a 100% subsidiary of Indiabulls Ventures Limited. It also has a product called 'Indiabulls Dhani', acompletely online personal loan fulfilment offering. IBCFL also offers business loans to small and medium
businesses. The company also offers online trading services. It has a client base of over 6 lacs customers. Thecompany has a dedicated sales team of over 900 individuals in more than 18 cities. It also marketsnon-discretionary wealth management products through its subsidiaries.
The competitive strengths of the company are:
1. Pan India presence
2. Strong brand recognition
3. Wide market reach
4. In-house loan monitoring and collections teams to monitor and check NPAs
Indiabulls Consumer NCD May 2019 Detail
Issue Open May 30, 2019 - Jun 21, 2019
Security Name Indiabulls Consumer Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 1,000.00 Crores
Issue Size (Shelf) Rs 3,000.00 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 CARE AA Stable by CARE and BWR AA+ by Brickwork Ratings
Tenor 400 days/ 24 months /36 months/ 60 monthsSeries Series I to Series IX Payment Frequency Monthly and Annual Basis of Allotment Priority Basis NCD Allocation Ratio NCD's allocated in each investor category: Category (/faq/who-can-apply-in-ncd-public-issue/544/) NCD's Allocated
Category 1 (QIB) 20%
Category 2 (NII) 20%
Category 3 (HNI) 30%
Category 4 (RII) 30%
Category NCD's Reserved
Category 1 (QIB) 200,000
Category 2 (NII) 200,000
Category 3 (HNI) 300,000
Category 4 (RII) 300,000
Total NCD's 1,000,000
Coupon Rates
Coupon rates for series 1 to 9
Series 1
Series
2 Series 3
Series
4
Series
5 Series 6
Series
7
Series
8 Ser
Frequency
of
Interest
Payment
NA Annually NA Monthly Annually NA Monthly Annually NA
Tenor 400 days 24
months
24
months
36
months
36
months
36
months
60
months
60
months
60
mon
Coupon
Rate
NA 10.27% NA 9.95% 10.41% NA 10.13% 10.61% NA
Amount
on
Maturity
??1,110.10 ??1,000 ??1,215.83 ??1,000 ??1,000 ??1,345.94 ??1,000 ??1,000 ??1,6
NCD Rating Detail
The NCDs proposed to be issued under this Issue have been rated CARE AA; Stable (pronounced
as Double A; Outlook: Stable), for an amount of ??30,000 million by CARE Ratings Limited vide their
letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated
BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of ??30,000 million
by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19
dated January 4, 2019 and instruments with this rating are considered to have high degree of
safety regarding timely servicing of financial obligations and carry very low credit risk.
Company Promoters
Indiabulls Ventures Limited is the promoter of the company.
Objects of the Issue:
The Company proposes to utilise the funds which are being raised through the Tranche II Issue,
after deducting the Tranche II Issue related expenses to the extent payable by the Company ("Net
Proceeds"), towards funding the following objects (collectively referred to herein as the "Objects"):
1. For the purpose of onward lending, financing, and for repayment of interest and principal of
existing borrowings of the Company; and
2. General corporate purposes.
Company Contact Information
Indiabulls Consumer Finance Limited
Indiabulls House,
Indiabulls Finance Centre, Senapati Bapat Marg,
Elphinstone Road, Mumbai 400 013
Phone: +91 22 6189 1000
Email: helpdesk@indiabulls.com
Website: http://www.indiabullsconsumerfinance.com/
Indiabulls Consumer NCD May 2019 Registrar
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: icfl.ncd1@karvy.com
Website: https://karisma.karvy.com
Conclusion / Investment Strategy
Although these time coupon rates are little lower than its maiden offer of February 2019, Investors may consider
medium to long term investment in this lucrative offer (with AA/Stable rating) having attractive coupon rates.
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