Indiabulls Housing Finance Limited raised money through a public issue of secured redeemable non- convertible debentures, open from 13 May 2024 to 27 May 2024. Coupons of 8.88%–10.75% a year, tenors of 2 years–10 years, rated CRISIL AA, ICRA AA. Face value ₹1,000; minimum application ₹10,000.
Indiabulls Housing Finance NCD issue: key facts
| Status | Closed |
|---|---|
| Issue opens | 13 May 2024 |
| Issue closes | 27 May 2024 |
| Coupon | 8.88%–10.75% a year |
| Tenor | 2 years–10 years |
| Interest payment | Monthly, Annual, Cumulative |
| Credit rating | CRISIL AA/Stable, by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited. |
| Instrument | Secured Redeemable Non- Convertible Debentures |
| Base issue size | ₹100 crore |
| Total with green shoe | ₹2,000 crore |
| Face value | ₹1,000 |
| Minimum application | 10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter |
| Lead managers | Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) , Elara Capital (India) Private Limited and Trust Investment Advisors Private Limited |
| Registrar | Kfin Technologies Limited |
| Listing on | NSE |
| Symbol | IHFL13 |
Series, coupons and tenors
- S1- 9.25 %, Tenor 24 months, for Category I and II Investors - Annual Payment 9.65 %, Tenor 24 months, for Category III and IV Investors - Annual Payment
- S2- 8.88 %, Tenor 24 months, for Category I and II Investors - Monthly Payment 9.25 %, Tenor 24 months, for Category III and IV Investors - Monthly Payment
- S3- Tenor 24 months, Payable at Maturity, Rs. 1,193.56 for Category I and II Investors, Tenor 24 months, Payable at Maturity, Rs. 1,202.32 for Category III and IV Investors
- S4- 9.40 %, Tenor 36 months, for Category I and II Investors - Annual Payment, 9.90 %, Tenor 36 months, for Category III and IV Investors - Annual Payment
- S5- 9.02 %, Tenor 36 months, for Category I and II Investors-Monthly Payment,9.48%, Tenor 36 months, for Category III and IV Investors-Monthly Payment
- S6- Tenor 36 months, Payable at Maturity, Rs. 1309.34 for Category I and II Investors,Tenor 36 months, Payable at Maturity, Rs. 1327.38 for Category III and IV Investors
- S7- 9.65 %, Tenor 60 months, for Category I and II Investors - Annual Payment, 10.15 %, Tenor 60 months, for Category III and IV Investors - Annual Payment
- S8- 9.25 %, Tenor 60 months, for Category I and II Investors - Monthly Payment 9.71 %, Tenor 60 months, for Category III and IV Investors - Monthly Payment
- S9- 10 %, Tenor 84 months, for Category I and II Investors - Annual Payment 10.50 %, Tenor 84 months, for Category III and IV Investors - Annual Payment
- S10- 9.57 %, Tenor 84 months, for Category I and II Investors - Monthly Payment ,10.03 %, Tenor 84 months, for Category III and IV Investors - Monthly Payment
- S11- 10.25 %, Tenor 120 months, for Category I and II Investors - Annual Payment ,10.75 %, Tenor 120 months, for Category III and IV Investors - Annual Payment
- S12- 9.80 %, Tenor 120 months, for Category I and II Investors - Monthly Payment , 10.25 %, Tenor 120 months, for Category III and IV Investors - Monthly Payment
As listed by NSE. "Category" refers to the investor categories in the prospectus (individuals usually fall in Categories III and IV). Cumulative series pay the amount shown at maturity instead of periodic interest.
About Indiabulls Housing Finance as a bond issuer
Before applying, see Indiabulls Housing Finance Ltd (INE0GN5): every outstanding bond and NCD with its coupon and maturity, the rating history and the company's private placements.
Other public issues by Indiabulls Housing Finance: Mar 2024
Documents and how to apply
- Prospectus NSE, zip file
- NSE public issues
While the issue is open, apply through your bank's net banking (ASBA) or your broker's app with UPI. The NCDs are credited to your demat account and listed on the exchange after allotment.
Questions and answers
What is the interest rate on Indiabulls Housing Finance NCDs?
The coupon is 8.88%–10.75% a year, depending on the series and investor category, for tenors of 2 years–10 years. The series list on this page gives the coupon, tenor and payment frequency of each option.
When does the Indiabulls Housing Finance NCD issue open and close?
The issue was open from 13 May 2024 to 27 May 2024, unless closed early or extended.
What is the minimum investment in the Indiabulls Housing Finance NCD issue?
10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter.
What is the credit rating of Indiabulls Housing Finance NCDs?
Rated CRISIL AA/Stable, by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited. at the time of the issue. Ratings can change; check the rating agency's latest press release.
Are Indiabulls Housing Finance NCDs secured?
The issue is described as: Secured Redeemable Non- Convertible Debentures. The prospectus gives the security, the asset cover and the debenture trustee.
Other NCD issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| Muthoot Fincorp | 23 Oct 2026 | 8.56%–9.25% | 2 years–6 years | Rated by Crisil, Brickwork | ₹500 crore |
| SMC Global Securities | 5 Oct 2026 | 9.5%–10% | 2 years–5 years | ICRA A | ₹150 crore |
| Nashik Municipal Corporation | 25 Feb 2026 | 8.05% | 3 years–10 years | IND AA+, CRISIL AA+ | ₹200 crore |
| IIFL Finance | 17 Feb 2026 | — | — | — | — |
| Power Finance Corporation | 16 Jan 2026 | 6.85%–7.3% | 5 years–15 years | CRISIL AAA, CARE AAA, ICRA AAA | ₹5,000 crore |
| SMC Global Securities | 16 Oct 2025 | 9.75%–10.25% | 2 years–5 years | ICRA A | ₹150 crore |
| Surat Municipal Corporation | 6 Oct 2025 | 8% | 4 years–5 years | IND AA+, CRISIL AA+ | ₹200 crore |
| Sammaan Capital | 15 Jul 2025 | 8.42%–9.95% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
Updated 5 Nov 2026, 10:41 pm from the NSE and BSE public issue pages. Methodology and sources
This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
