Indiabulls Commercial Credit Limited Profile:
Indiabulls Commercial Credit Ltd. (ICCL), established in 2006, is a wholly owned subsidiary of Indiabulls Housing Finance Limited (IHFL) and is categorized as a Non-Deposit taking Systematically Important (ND-SI) Non-Banking Financial Company (NBFC).
Indiabulls Commercial Credit Limited is coming up with the Public Issue of Secured Redeemable Non- Convertible Debentures (NCDs) of Face Value of Rs 1,000 each, for an amount up to Rs 1,000 Crores (Base Issue Size) with an option to retain oversubscription up to Rs 1,000 Crores for issuance of additional NCDs aggregating up to Rs 2,000 Crores.
Indiabulls Commercial Credit Limited NCD Details:
Symbol: ICCLNCD1
Issue Period: 11-Sep-2018 to 28-Sep-2018
Issue Size: Public Issue of Secured Redeemable Non- Convertible Debentures of Face Value of Rs 1,000 each, for an amount up to Rs 1,000 Crores (Base Issue Size) with an option to retain oversubscription up to Rs 1,000 Crores for the issuance of additional NCDs aggregating up to Rs 2,000 Crores.
Security Type: Secured Redeemable Non-Convertible Debentures
Price: Rs 1000
Face Value: Rs 1000
Market Lot: 1 (one) NCD
Minimum Application Value: 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
IPO Grading: CRISIL AAA/Stable by CRISIL and CARE AAA; Stable by CARE Rating Limited
Rating Agency: CRISIL Limited and CARE Rating Limited
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Lead Managers: Edelweiss Financial Services Limited, A. K. Capital Services Limited, Axis Bank Limited, Trust Investment Advisors Private Limited, Yes Bank Limited and Yes Securities (India) Limited
Name of the Registrar: Karvy Computershare Private Limited
Series:
| S1 | Payable at Redemption – Rs 1,181.30 – Tenor 2 years, for Category I & II Investors and Payable at Redemption – Rs 1,183.47 – Tenor 2 years, for Category III & IV Investors. |
| S2 | Payable at Redemption – Rs 1,288.21 – Tenor 3 years, for Category I & II Investors; Payable at Redemption – Rs 1,291.77 – Tenor 3 years, for Category III & IV Investors. |
| S3 | 8.80% Tenor 3 years, for Category I & II Investors – Annual Option; 8.90% Tenor 3 years, for Category III & IV Investors – Annual Option. |
| S4 | 8.57% Tenor 5 years, for Category I & II Investors – Monthly Option; 8.66% Tenor 5 years, for Category III & IV Investors – Monthly Option |
| S5 | 8.90% Tenor 5 years, for Category I & II Investors – Annual Option; 9.00 % Tenor 5 years, for Category III & IV Investors – Annual Option. |
| S6 | 8.75% Tenor 10 years, for Category I & II Investors – Monthly Option; 8.84 % Tenor 10 years, for Category III & IV Investors – Monthly Option. |
| S7 | 9.10% Tenor 10 years, for Category I & II Investors – Annual Option; 9.20 % Tenor 10 years, for Category III & IV Investors – Annual Option. |
