INDIABULLS HOUSING FINANCE

Indiabulls Housing Finance Limited is a non-deposit-taking housing finance company (“HFC”) registered with the NHB. They are also notified of financial institutions under the SARFAESI Act. They focus primarily on long-term secured mortgage-backed loans. 


“Why to wait for the right time – Make your time right by investing in Indiabulls Housing Finance ”

They primarily offer housing loans and loans against property to their target client base of salaried and self-employed individuals and micro, small and medium-sized enterprises (“MSMEs”) and corporates. They also offer mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises. A majority of their  Loan Book comprises housing loans, including in the affordable housing segment. As of March 31, 2022, housing loans and non-housing loans constituted 62% and 38%, respectively of their Loan Book.





KEY STRENGTHS 

Strong capitalization with healthy cover for asset-side risks

The company has demonstrated a strong ability to raise capital (including the Rs 683 crore equity raised through qualified institutional placement [QIP] in fiscal 2021) and the proposed capital raising (of at least USD 275 million) will further strengthen the capital position over the medium term. 


Comfortable asset quality in retail segments 

IBHFL reported overall gross NPAs of 2.9% as on June 30, 2021, compared to 2.7% as on March 31, 2021. The uptick has been due to higher delinquencies in the housing loan and loan against property (LAP) segments on account of the second wave of Covid-19.

Sizeable presence in the retail mortgage finance segment  

IBHFL’s overall AUM growth is expected to be subdued over the next couple of quarters as it recalibrates its business model but is expected to revive subsequently. While the share of its own book in the total AUM is expected to come down, its overall presence in the retail mortgage finance market is expected to remain sizeable.









Who are not eligible to apply for NCDs? 

The following categories of persons, and entities, shall not be eligible to participate in the Issue and any Applications from such persons and entities are liable to be rejected: 

1. Minors without a guardian name* (A guardian may apply on behalf of a minor. However, Applications by min must be made through Application Forms that contain the names of both the minor Applicant and the guardian). 

2. Foreign nationals, NRI inter alia including any NRIs who are (i) based in the USA, and/or, (ii) domiciled in the USA, and/or, (iii) residents/citizens of the USA, and/or, (iv) subject to any taxation laws of the USA; 

3. person resident outside India and other foreign entities; 

4. Foreign Institutional Investors; 5. Foreign Portfolio Investors; 

6. Foreign Venture Capital Investors;

7. Qualified Foreign Investors; 8. Overseas Corporate Bodies; and 

9. Persons ineligible to contract under applicable statutory/regulatory requirements. 


Steps to apply on Bonds India 

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Application form available on: https://www.bondsindia.com/

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