Indiabulls Commercial Credit Limited NCD
(i) Indiabulls Commercial Credit Limited, incorporated in 2006, is a wholly owned subsidiary of Indiabulls Housing Finance Ltd. (IHFL) and is classified as a Non-Deposit taking Systematically Important (ND-SI) Non-Banking Financial Company (NBFC).
(ii) Indiabulls Commercial Credit Limited with strong parental support has considerable expertise in mortgage-based financing. SME loans, that ICCL and IHFL underwrite are in the lowest risk segment where loans are given out to small businesses. ICCL emphasizes on self-occupied residential properties for collateral, appraising loans which are verified as per cash-flow; and most importantly, loans meant for productive business deployment which has to be demonstrated at the time of loan appraisal – all of which is aimed to help small business owners further their business plans.
(iii) At an operational level, although IHFL and ICCL operate separately, ICCL being a wholly owned subsidiary of IHFL enjoys the facilities and expertise of the consolidated entity, thus giving ICCL the benefit of strong business processes, the expertise of business personnel, robust underwriting procedures and a prudent risk management approach of the parent IHFL.
(iv) For the Fiscal Years 2018, 2017 and 2016, our revenue from operations was Rs.843.37 crores, Rs.365.91 crores and Rs.364.10 crores, respectively, and our profit after tax was Rs.254.90 crores, Rs.58.56 crores and Rs.50.55 crores, respectively. Our revenue from operations and profit after tax grew at a compound annual growth rate (“CAGR”) of 52.19% and 124.56%, respectively, from Fiscal Year 2016 to Fiscal Year 2018.
(v) Our revenue from operations increased by Rs.477.46 crores from Rs.365.91 crores for the Fiscal Year 2017 to Rs.843.37 crores for the Fiscal Year 2018. Our profit after tax increased by Rs.196.34 crores, from Rs.58.56 crores for the Fiscal Year 2017 to Rs.254.90 crores for the Fiscal Year 2018. The key areas of focus for our Board of Directors and our Company are asset liability management and integrated
Objective of NCD Indiabulls Commercial Credit Limited NCD:
Indiabulls Commercial Credit Limited NCDare: 1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company 2. General corporate purposes.
Indiabulls Commercial Credit Limited NCD Details:
|Open Date:||Sep 11 2018|
|Close Date:||Sep 15 2018|
|Issue Type:||Fixed Type Issue|
|Issue Size:||₹ 1000 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||1 NCD|
|Minimum Order Quantity:||10 NCD|
|Minimum Application||Rs. 10,000/‐ (10 NCDs)|
|Face Value||Rs. 1,000/‐|
|In Multiples of thereafter (Rs.)||Rs. 1,000/‐ (1 NCD)|
|Tenor||2 years||3 years||3 years||5 years||5 years||10 years||10 years|
|Coupon Rate Category I & II||NA||NA||8.80%||8.57%||8.90%||8.75%||9.10%|
|Coupon Rate Category III & IV||NA||NA||8.90%||8.66%||9.00%||8.84%||9.20%|
|Effective Yield for Category I & II||8.70%||8.80%||8.79%||8.90%||8.90%||9.10%||9.09%|
|Effective Yield for Category III & IV||8.80%||8.90%||8.89%||9.00%||9.00%||9.20%||9.19%|
|Mode of Interest Payment||Through various mode available|
Post Tax returns:
Lead Manager of Indiabulls Commercial Credit Limited NCD:
- A. K. Capital Services Limited
- Axis Bank Limited
- Edelweiss Capital Limited
- Trust Investment Advisors Private Limited
- YES Bank Limited
- Yes Securities (India) Limited
Registrar of Indiabulls Commercial Credit Limited NCD:
- Karvy Computershare Private Limited