Indiabulls Consumer Finance Limited Profile

Indiabulls Consumer Finance Limited (IBCFL) incorporated in 1994 Based in Mumbai Maharashtra. It is formerly IVL Finance Limited is a non-deposit taking NBFC registered with the Reserve Bank of India and is a 100% subsidiary of Indiabulls Ventures Limited. Digitization renovated the banking and financial sector. The company acknowledged a great opportunity and ventured into the retail lending space with Indiabulls Consumer Finance Limited.

Indiabulls is a pioneer of the online trading platform in the country. The company provides its healthy client base, in excess of 6 lacs, with investment solutions across asset classes through a dedicated sales team of more than 900 individuals across 18+ cities. Indiabulls Consumer Finance Limited is also engaged in the marketing of non-discretionary wealth management products through its subsidiaries.

Key Strengths:

• Industry best interest rates
• Money in your account instantly
• Apply, receive and manage your personal loan directly on the mobile or web application
• Flexible repayment tenure
• Hassle free documentation and faster decision
• No collateral or guarantor required
• Door step service
• Quick loan approval and disbursal
• Safe document storage ISO certified process
• Loan transfers with top-ups

Indiabulls Consumer Finance Limited Promoters:

Indiabulls Ventures Limited is the Promoter of the Company.

Indiabulls Consumer Finance Limited NCD details:

Symbol:      ICFLNCDI

Issue Opening Date:         04-Feb-2019

Issue Closing Date:            04-Mar-2019

Allotment:                           Compulsorily in dematerialized form

Credit Rating:         “CARE AA’/ Stable” by CARE and “BWR AA+” by Brickwork Ratings

Minimum Application:    Rs 10,000 (10 NCD) across all Series collectively and in multiple of 1 NCD (Rs.1000) thereafter

In Multiples of thereafter: Rs 1,000 (1 NCD)

Face Value   :                       Rs 1000

Price Range:  Rs 1000

Issuance Mode:      Demat Only

Application Mode: Compulsorily ASBA

Issue Size: Public Issue of Secured Redeemable Non-Convertible Debentures amounting to Rs. 2,500 million (Base Issue Size) with an option to retain oversubscription up to Rs. 27,500 million aggregating up to Rs. 30,000 million

Registrar: Karvy Fintech Private Limited

Listing At: BSE, NSE                                 

IPO Market Timings: 10.00 a.m. to 5.00 p.m.

Security Type: Secured Redeemable Non-Convertible Debentures

Market Lot: 1 (one) NCD

Interest Rate & Frequency