What is NCD?
Non – Convertible debentures are fixed income products that offer nearly higher returns which are hard to stand up to.
The companies issuing NCDs are promising double-digit rates, much more than bank Fixed Deposits or Company Fixed Deposits.
Not many fixed income instruments are able to deliver such high returns.
However, in last few years companies have raised great money through Non-Convertible Debentures (NCDs). The main fascination was high return to investors in comparison with other fixed income instruments like bank deposits.
INDIABULLS CONSUMER FINANCE LIMITED
Brief Introduction of the Company: Indiabulls Consumer Finance Limited (ICFL) is a non-deposit taking systemically important NBFC registered with the RBI and a 100% subsidiary of Indiabulls 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. ICFL’s AUM increased by 4254.60% from Rs. 91.91 crores as at March 31, 2017 to Rs. 4,001.83 crore as at March 31, 2018.
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; The promoter has infused funds periodically in the form of equity in the company.As of December 31, 2018, ICFL had presence in more than 100 cities throughout India through which they market their loan products, enabling them to operate on a pan-India basis.
Indiabulls Consumer Finance Limited NCD – Issue Details :
- NCD Issue Open: 04 February 2019
- NCD Issue Close: 04 March 2019
- NCD Issue Size: Rs.3000 Crore
- Price Band: Rs.1000
- NCD’s: 3,000,000 of Rs.1000 Each
- Interest Rate: Upto 10.35% ** (Annually)
- Minimum Investment: 10 Bonds (Rs 10,000)
- Maximum Investment: 1,000 Bonds (Rs 10,00,000)
- Listing: BSE, NSE
Latest India bulls Consumer Finance NCD Feb 2019 Issue – Coupon Rates
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