Indiabulls-Commercial-Credit-LtdPublic 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

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

 


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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

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