Indiabulls Commercial Credit NCD

Issue price
Face Value
Issue Size
₹500 Crores
Minimum Investment
₹10000 (10 NCDs)
AA/Stable by CRISIL
Listing on
Issue Opening Date
03 April 2023
Issue Closing Date
19 April 2023
Mode of Issue
Mode of allotment and Trading

About The Issuer

Incorporated in 2006, Delhi-based Indiabulls Commercial Credit Limited (ICCL) is a non-deposit-taking NBFC. It is a 100% subsidiary of Indiabulls Housing Finance Limited (IHFL), which itself rules as one of the largest housing finance companies in India. The company is also a notified financial institution under the SARFAESI Act. The company's primary focus is on long-term secured mortgage-backed loans. The offerings of the company can be categorized as: Retail mortgage loans to self-employed individuals, proprietorships, and small businesses Corporate mortgage loans to developers of residential projects The customers of the company include salaried and self-employed individuals and small and medium businesses. As per the financial data 31/03/22, the company has a Total Assets of Rs. 13144 Crore, Total Borrowings of Rs. 8079 , Total Revenue of Rs. 1842 Crore and Total Profit after Tax of Rs. 508 Crore.

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