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Indiabulls Consumer Finance Limited (ICFL) is a non-deposit taking systemically important NBFC registered with the RBI and a 100% subsidiary of India bulls Ventures Limited, a listed Indian company. The company focuses primarily on providing personal loans, business loans (unsecured SME loans and secured SME loans) and other loans. ICFL’s AUM increased by 4254.60% from Rs. 91.91 crores as at March 31, 2017 to Rs. 4,001.83 crore as at March 31, 2018.

ICFL is part of the Indiabulls Ventures group, which is a prominent financial services company providing brokering, lending and wealth management businesses, amongst other businesses.

ICFL’s promoter Indiabulls Ventures Limited, was incorporated in 1995; The promoter has infused funds periodically in the form of equity in the company. As of December 31, 2018, ICFL had presence in more than 100 cities throughout India through which they market their loan products, enabling them to operate on a pan-India basis.

In Fiscal 2018, ICFL launched their end-to-end personal loan fulfilment mobile based application “Dhani”, an automated mode of lending which will enable loan application, risk analysis, credit approval, underwriting and disbursal processes to be carried out electronically through the application.

Indiabulls Consumer Finance Limited NCD - Issue Details:

Issuer Indiabulls Consumer Finance Limited (View Report)
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, February 04, 2019
Issue Closes: Monday, March 04, 2019
Coupon Rate 11.00% p.a *
Issue Size Base Issue of Rs. 2,500 million with an option to retain oversubscription up to Rs. 27,500 million aggregating up to 30,000,000 NCDs amounting to Rs. 30,000 million (“Tranche I Issue Limit”) (“Tranche I Issue”) which is within the Shelf Limit of Rs. 30,000 million
Face Value Rs.1,000 per NCD
Minimum Application Size Rs.10,000 (10 NCDs) and in multiple of Rs.1,000 (1 NCD) thereafter across all Series
Credit Rating “CARE AA’/ Stable” by CARE and “BWR AA+” by Brickwork Ratings
Mode of Allotment and Trading Compulsorily in dematerialised form
QIB 20% of issue size
Corporate 20% of issue size
HNI 30% of issue size
Retail Individual 30% of issue size
Listing NSE and BSE
Depositories NSDL & CDSL
Registrar Karvy Fintech Private Limited
Book Running Lead Managers Edelweiss Financial, A. K. Capital, Axis Bank and Trust Investment Advisors
* Highest yield


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