Indiabulls Commercial Credit Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on January 5, 2023. Indiabulls Commercial Credit will offer 10.30% interest rates on the NCDs. Indiabulls Commercial Credit NCD has a rating of CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA/ Stable by ICRA Limited.. The NCDs tenure is for 24, 36, and 60 Months. Check out Indiabulls Commercial Credit NCD 2023 details here.
Indiabulls Commercial Credit Ltd. (IBCCL) is a wholly owned subsidiary of Indiabulls Housing Finance Ltd. (IBHFL) and is classified as a Non-Deposit taking Systematically Important (ND-SI) Non-Banking Financial Company (NBFC). IBCCL has expertise in mortgage based financing like SME loans, that IBCCL and IBHFL underwrite are in the lowest risk segment where loans are given out to small businesses. IBCCL 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.
Indiabulls Commercial Credit NCD January 2023 Issue Details
| NCD Issue Open | January 5, 2023 |
| NCD Issue Close | January 27, 2023 |
| NCD Issue Size | Base: 200 Cr. | Shelf: 1000 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 10.30% ** (Annually) |
| Minimum Investment | 10 Bonds (₹1,000) |
| Listing on | BSE and NSE Platform |
| Credit Rating | CRISIL AA/Stable and ICRA AA/ Stable |
| Tenor | 24, 36, and 60 Months |
| Basis of Allotment | First Come First Serve Basis |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Indiabulls Commercial Credit NCD January 2023 Promoters
- Indiabulls Housing Finance Limited
How to Apply Indiabulls Commercial Credit NCD January 2023 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
Indiabulls Commercial Credit NCD January 2023 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| I | 24 Month | Annual | 9.80% | 9.79% |
| II | 24 Month | Cumu. | NA | 9.80% |
| III | 24 Month | Month | 9.40% | 9.80% |
| IV | 36 Month | Annual | 10.05% | 10.04% |
| V | 36 Month | Cumu. | NA | 10.05% |
| VI | 36 Month | Month | 9.61% | 10.04% |
| VII | 60 Month | Annual | 10.30% | 10.29% |
| VIII | 60 Month | Month | 9.85% | 10.30% |
Indiabulls Commercial Credit NCD January 2023 Lead Manager
- Edelweiss Financial Services Ltd
- Elara Capital (India) Private
- Trust Investment Advisors Private Limited
Indiabulls Commercial Credit NCD January 2023 Allotment Status
- Indiabulls Commercial Credit NCD issue allotment available on KFintech.
Indiabulls Commercial Credit NCD January 2023 Registrar
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
Company Information
Indiabulls Commercial Credit Limited
5th Floor, Building No. 27,
KG Marg, Connaught Place,
New Delhi-110001
Phone: +91 11 4353 2950
Email: [email protected]
Website: http://www.indiabullscommercialcredit.com/
Indiabulls Commercial Credit NCD January 2023 FAQs:
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