Indiabulls Consumer Finance Limited NCD

Indiabulls Consumer Finance Limited Profile

Indiabulls Consumer Finance Limited NCDIndiabulls 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

Series
S1 10.75% Tenor 26 months, for Category I, II, III & IV Investors – Annual Option
S2 Payable at redemption-Rs.1,248.02 – Tenor 26 months, for Category I, II, III & IV Investors – Cumulative Option
S3 10.40% Tenor 38 months, for Category I, II, III & IV Investors – Monthly Option
S4 10.90% Tenor 38 months, for Category I, II, III & IV Investors – Annual Option
S5 Payable at redemption-Rs.1,388.30 – Tenor 38 months, for Category I, II, III & IV Investors – Cumulative Option
S6 10.50% Tenor 60 months, for Category I, II, III & IV Investors – Monthly Option
S7 11.00% Tenor 60 months, for Category I, II, III & IV Investors – Annual Option
S8 Payable at redemption – Rs. 1,686.26 – Tenor 60 months, for Category I, II, III & IV – Cumulative Option

 

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