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Indiabulls Consumer Finance Limited (ICFL) is a nondeposit 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. Company’s AUM as per Ind AS was Rs. 40,175.28 million as at March 31, 2018, and AUM under Ind AS was Rs. 112,277.31 million as at March 31, 2019, resulting in increase in assets under management by 179%.

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; and its long standing presence in financial services has enabled company to establish “Indiabulls” as a recognized brand in the financial services sector. In order to ensure expansion of Company’s lending operations, company Promoter has infused funds periodically in the form of equity in Company. As of March 31, 2019, company had presence in more than 100 cities throughout India through which company market its loan products.

ICFL’s revenue from operations was Rs. 6,540.85 million in Fiscal 2018 under Ind AS and its revenue from operations was Rs. 16,480.59 million in Fiscal 2019 under Ind AS, which resulted in growth in revenue from operations by 152%. Its profit after tax was Rs. 1,700.34 million in Fiscal 2018 under Ind AS and profit after tax was Rs. 4,001.94 million in Fiscal 2019 under Ind AS, which resulted in growth in profit after tax by 135%. Company’s revenue from operations and profit after tax grew at a compound annual growth rate (“CAGR”) of 436.88% and 673.2%, respectively, from Fiscal 2017 to Fiscal 2019.

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: Wednesday, Jul 31, 2019
Issue Closes: Friday, Aug 30, 2019
Coupon Rate 10.52% p.a *
Issue Size Base Issue of Rs. 1,000 million with an option to retain oversubscription up to Rs. 9,000 million aggregating up to 1,00,00,000 NCDs amounting to Rs. 10,000 million (“Tranche III Issue Limit”) (“Tranche III Issue”) which is within the Shelf Limit of Rs. 30,000 million
Face Value Rs. 1,000 per NCD
Minimum Application Size 10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
Credit Rating “AA’/Stable” by CARE and “BWR AA+”
Mode of Allotment & Trading 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 (formerly known as Karvy Computershare Pvt Limited)
Book Running Lead Managers Edelweiss Financial, A. K. Capital, Axis Bank and Trust Investment Advisors
* Highest yield


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