| The NCDs proposed to be issued will be secured by a first ranking pari passu charge by way of hypothecation in favour of the Debenture Trustee, on the inancial and non-financial assets (including investments) of the Company, both present and future; and on present and future loan assets of the Company, ncluding all monies receivable for the principal amount and interest thereon, on a first ranking pari passu basis with all other secured lenders to the Issuer holding pari-passu charge over the security, as specifically set out in and fully described in the Debenture Trust Deed. The NCDs will have a minimum security cover of 1.25 times on the principal amount and interest thereon at all times during the tenor of the NCDs. The Issuer reserves the right to sell or otherwise deal with the receivables, both present and future, including without limitation to create a charge on pari passu or exclusive basis thereon for its present and future financial requirements, provided that a minimum- security cover of 1.25 times on the principal amount and accrued interest thereon, is maintained, on such terms and conditions as the Issuer may think appropriate, without the consent of, or intimation to, the NCD Holders or the Debenture Trustee in this connection. However, if consent and/or intimation is equired under applicable law, then the Company shall obtain such consents and/ or intimation in accordance with such law. |
| Issue Details |
| Issue Open |
03-Mar-2023-17-Mar-2023 |
| Security Name |
INDIABULLS HOUSING FINANCE LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base)( .Cr) |
100 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 800 Crores Aggregating To Rs. 900 Crores. |
| Issue Price ( ) |
1000 |
| Face Value ( ) |
1000 |
| Market Lot |
1 |
| Credit Rating |
"CRISIL AA/Stable" by CRISIL and "[ICRA]AA (Stable)" by ICRA. |
| Tenor |
24 Months,36 Months,60 Months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8 |
| Payment Frequency |
Yearly,Monthly,At the End |
| Objects of the Issue: |
| PUBLIC ISSUE BY INDIABULLS HOUSING FINANCE LIMITED, ("COMPANY" OR "ISSUER") OF SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF Rs. 1000 EACH ("NCDs"), FOR AN AMOUNT UPTO Rs. 100 CRORES ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UP TO Rs. 800 CRORES, AGGREGATING UP TO Rs. 900 CRORES ("TRANCHE V ISSUE LIMIT") ("TRANCHE V ISSUE") WHICH IS WITHIN THE SHELF LIMIT OF Rs. 1400 CRORES. |
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| Lead Managers |
| 1. Edelweiss Financial Services Limited |
| 2. A. K. Capital Services Ltd |
| 3. IIFL Securities Ltd |
| 4. Trust Investment Advisors Private Limited |
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| Registrar to the Issue |
| 1. KFIN Technologies Ltd |
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