Public issue by Indiabulls Commercial Credit Limited of Secured redeemable non-convertible debenture of face value Rs1000 each, base issue upto Rs1000 Crores with an option to retain over-subscription upto Rs1000 Crores for issuance of additional NCDs aggregating upto Rs2000 Crores. Indiabulls Commercial Credit NCD is Launching From September 11, 2018 – September 28, 2018 with a issue price of Rs. 1,000 per NCD.
Investors can get all important information as Price, Date, Prospectus, Credit Rating, Listing, Maturity, allocation ratio, allotment status, subscription details, application form, Lead Managers and Registrar of the Issue.
Summary Of Issue:
| Issuer:- | Indiabulls Commercial Credit Limited |
| Nature of Instrument | Secured Redeemable Non‐Convertible Debentures |
| Mode Of Issuence | Public Issue |
| Issue Open / Close Date:- | September 11, 2018 – September 28, 2018 |
| Issue | Secured redeemable Non-convertible Debenture having base issue upto Rs1000 Crores with an option to retain over-subscription upto Rs1000 Crores for issuance of additional NCDs aggregating upto Rs2000 Crores. |
| Issue Size | Rs2000 Crores. |
| Tenure | 2, 3, 5 & 10 Years |
| Interest Rate on NCDs | up to 9.20% |
| Issue Price | Rs. 1,000 Per NCD |
| Face Value | Rs. 1,000 Per NCD |
| Minimum Application size | Rs 10,000 (10 NCDs) and in multiple of Rs 1,000 thereafter. |
| Credit Ratings | “AAA/stable” by CRISIL and ‘CARE AAA (stable)’ by CARE |
| Listing At | BSE & NSE |
| Basis of Allotment | “First come First Serve” Basis |
| Mode of Issue | In dematerialized form only |
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Specific Terms of Indiabulls Commercial Credit NCD
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Indiabulls Commercial Credit NCD Allocation Ratio: (Category Wise)
| Category | Size |
| QIB Portion | 10% of the Overall Issue Size – (Rs.200 Crores) |
| Non Institutional Portion | 10% of the Overall Issue Size – (Rs.200 Crores) |
| HNI Portion | 40% of the Overall Issue Size – (Rs.800 Crores) |
| Retail Individual Investor | 40% of the Overall Issue Size – (Rs.800 Crores) |
Indiabulls Commercial Credit NCD Subscription details
| Category | No.of Bonds/NCDs offered/ reserved | No. of Bonds bid for | No of times subscribed |
| Category I | 1000000 | 20000000 | 20.00 |
| Category II | 1000000 | 13120 | 0.01 |
| Category III | 4000000 | 3822378 | 0.96 |
| Category IV | 4000000 | 2869945 | 0.72 |
| Total | 10000000 | 26705443 | 2.67 |
* Updated as on 12th September 2018 at 05:00 pm
Download “Indiabulls Commercial Credit Limited” NCD Application Form
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Lead Managers To The Issue:-
Edelweiss Financial Services Limited & Other
Debenture Trustee:-
Axis Trustee Services Limited
Registrar To The Issue:-
Karvy Computershare Private Limited
For More Details Contact us 011-42445800 / 9650901058
or
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