| Specific Terms for Each Series of NCDs |
| Series |
I |
II |
III |
IV |
V |
VI |
VII |
VIII |
| Frequency of Interest Payment |
Annual |
Monthly |
Cumulative |
Annual |
Monthly |
Cumulative |
Annual |
Monthly |
| Tenor |
24 Months |
24 Months |
24 Months |
36 Months |
36 Months |
36 Months |
60 Months |
60 Months |
| Coupon (% p.a.) Category III & IV |
10.00% |
9.57% |
NA |
10.25% |
9.80% |
NA |
10.50% |
10.03% |
| Effective Yield (% p.a.) Category III & IV |
9.98% |
9.99% |
10.00% |
10.23% |
10.24% |
10.25% |
10.49% |
10.50% |
| Amount (₹/NCD) Maturity for Category III & IV |
1,000 |
1,000 |
1,210.35 |
Staggered Redemption in Three (3) annual payments of 333 for year 1, 333 for year 2 and 334 for year 3 starting from 1st Anniversary** until Maturity |
Staggered Redemption in Three (3) annual payments of 333 for year 1, 333 for year 2 and 334 for year 3 starting from 1st Anniversary** until Maturity |
1,340.45 |
Five (5) annual payments of 200 each, starting from 1st Anniversary** until Maturity |
Five (5) annual payments of 200 each, starting from 1st Anniversary** until Maturity |
| Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series. |
Principal Redemption Schedule and Redemption Amounts
Set out below is the principal redemption schedule and the redemption amount for the Series IV NCDs, Series VI NCDs, Series VII NCDs, and Series VIII NCDs, in relation to which the principal outstanding will be redeemed in a staggered manner.
| Series |
Series IV and Series VI |
Series VII and Series VIII |
|
3 Years |
5 Years |
|
Redemption Schedule |
Principal Outstanding |
Redemption Schedule |
Principal Outstanding |
| Face Value |
Rs.1,000.00 |
Rs.1,000.00 |
Rs.1,000.00 |
Rs.1,000.00 |
| 1st Anniversary* |
Rs. 333.00 |
Rs. 667.00 |
Rs. 200.00 |
Rs. 800.00 |
| 2nd Anniversary* |
Rs.333.00 |
Rs.334.00 |
Rs.200.00 |
Rs.600.00 |
| 3rd Anniversary* |
Rs.334.00 |
NIL |
Rs.200.00 |
Rs.400.00 |
| 4th Anniversary* |
NA |
NA |
Rs.200.00 |
Rs.200.00 |
| 5th Anniversary* |
NA |
NA |
Rs.200.00 |
NIL |
*from the Deemed Date of Allotment.
Category III and IV of Investors in this Tranche I Issue who are also holders of NCD(s)/bond(s) previously issued by our Company, and/or our holding as the case may be, and/or are equity shareholder(s) of Indiabulls Housing Finance Limited as the case may be (“Primary Holder(s)”) on the Deemed Date of Allotment and applying in Series I, Series III, Series IV, Series VI, Series VII and/or Series VIII shall be eligible for additional incentive of 0.25%
p.a. provided the NCDs issued under this Tranche I Issue are held by the investors on the relevant Record Date applicable for payment of respective coupons, in respect of Series I, Series III, Series IV, Series VI, Series VII and/or Series VIII.
Category III and IV of Investors in this Tranche I Issue who are also Primary Holder(s)on the Deemed Date of Allotment applying in Series II and/or V, the maturity amount at redemption along with the additional yield would be ₹1,211.50 per NCD and/or ₹1342.30 per NCD respectively provided the NCDs issued under this Tranche I Issue are held by the investors on the relevant Record Date applicable for redemption in respect of SeriesII and/or Series V.
The additional incentive will be maximum of 0.25% p.a. for Category III and IV Investors in this Tranche I Issue, who are also Primary Holder(s)on the deemed date of allotment.
|
| Issuer |
Indiabulls Commercial Credit Limited |
| Instrument |
Secured Redeemable Non-Convertible Debentures (NCDs) |
| Issue Opens on |
Monday, April 03, 2023 |
| Issue Closes on |
Wednesday, April 19, 2023** |
| Issue Size |
Rs. 100 Crore with an option to retain oversubscription up to Rs. 100 Crore aggregating upto to Rs.200 Crore |
| Issue Price / Face Value |
Rs.1,000/- per NCD |
| Minimum Application |
Rs.10,000/- (10 NCD) and in multiples of Rs.1,000/- (1 NCD) thereafter. |
| Credit Rating |
“CRISIL AA/Stable” and “ICRA AA (Stable)” |
| Registrar |
KFIN Technologies Limited |
| Listing |
The NCDs are proposed to be listed on BSE and NSE |
| Category |
I - Institutional |
II - Non-Institutional |
III - HNI |
IV - Retail |
| Category Allocation |
30% |
10% |
30% |
30% |
| Put/Call Option |
N.A. |
| Category Allocation |
Compulsorily in dematerialized form. |
| Allotment |
First Come First Serve Basis |
| Depositories |
NSDL and CDSL |
| Specific Terms for Each Series of NCDs |
| Series |
I |
II |
III |
IV |
V |
VI |
VII |
VIII |
| Frequency of Interest Payment |
Annual |
Monthly |
Cumulative |
Annual |
Monthly |
Cumulative |
Annual |
Monthly |
| Tenor |
24 Months |
24 Months |
24 Months |
36 Months |
36 Months |
36 Months |
60 Months |
60 Months |
| Coupon (% p.a.)Category I & II |
9.60% |
9.20% |
NA |
9.75% |
9.35% |
NA |
10.00% |
9.57% |
| Coupon (% p.a.) Category III & IV |
10.00% |
9.57% |
NA |
10.25% |
9.80% |
NA |
10.50% |
10.03% |
| Effective Yield (% p.a.)Category I & II |
9.59% |
9.58% |
9.60% |
9.74% |
9.75% |
9.75% |
9.99% |
9.99% |
| Effective Yield (% p.a.)Category III & IV |
9.98% |
9.99% |
10.00% |
10.23% |
10.24% |
10.25% |
10.49% |
10.50% |
| Amount (₹/NCD) Maturity for Category I & II |
Rs. 1,000 |
Rs. 1,000 |
Staggered Redemption in Three (3) annual payments of ₹ 333 for year 1, ₹ 333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary* until Maturity |
Staggered Redemption in Three (3) annual payments of Rs. 333 for year 1, Rs.333 for year 2 and Rs. 334 for year 3 starting from 1st Anniversary**
until Maturity |
Rs. 1,322.30 |
Staggered Redemption in Five (5) annual payments of Rs. 200 each, starting from 1st Anniversary** until Maturity |
Staggered Redemption in Five (5) annual payments of Rs. 200 each, starting from 1st Anniversary** until Maturity |
|
| Amount (₹/NCD) Maturity for Category III & IV |
Rs. 1,000 |
Rs. 1,000 |
Rs. 1,210.35 |
Staggered Redemption in Three (3) annual payments of Rs.333 for year 1, Rs. 333 for year 2 and Rs. 334 for year 3 starting from 1st Anniversary** until Maturity |
Staggered Redemption in Three (3) annual payments of Rs. 333 for year 1, Rs.333 for year 2 and ₹ 334 for year 3 starting from 1st Anniversary** until Maturity |
Rs. 1,340.45 |
Five (5) annual payments of ₹200 each, starting from 1st Anniversary** until Maturity |
Five (5) annual payments of ₹200 each, starting from 1st Anniversary** until Maturity |
| *Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series. |
Principal Redemption Schedule and Redemption Amounts
Set out below is the principal redemption schedule and the redemption amount for the Series IV NCDs, Series VI NCDs, Series VII NCDs, and Series VIII NCDs, in relation to which the principal outstanding will be redeemed in a staggered manner.
| Series |
Series IV and Series VI |
Series VII and Series VIII |
|
3 Years |
5 Years |
|
Redemption Schedule |
Principal Outstanding |
Redemption Schedule |
Principal Outstanding |
| Face Value |
Rs.1,000.00 |
Rs.1,000.00 |
Rs.1,000.00 |
Rs.1,000.00 |
| 1st Anniversary* |
Rs. 333.00 |
Rs. 667.00 |
Rs. 200.00 |
Rs. 800.00 |
| 2nd Anniversary* |
Rs.333.00 |
Rs.334.00 |
Rs.200.00 |
Rs.600.00 |
| 3rd Anniversary* |
Rs.334.00 |
NIL |
Rs.200.00 |
Rs.400.00 |
| 4th Anniversary* |
NA |
NA |
Rs.200.00 |
Rs.200.00 |
| 5th Anniversary* |
NA |
NA |
Rs.200.00 |
NIL |
*from the Deemed Date of Allotment.
Category III and IV of Investors in this Tranche I Issue who are also holders of NCD(s)/bond(s) previously issued by our Company, and/or our holding as the case may be, and/or are equity shareholder(s) of Indiabulls Housing Finance Limited as the case may be (“Primary Holder(s)”) on the Deemed Date of Allotment and applying in Series I, Series III, Series IV, Series VI, Series VII and/or Series VIII shall be eligible for additional incentive of 0.25%
p.a. provided the NCDs issued under this Tranche I Issue are held by the investors on the relevant Record Date applicable for payment of respective coupons, in respect of Series I, Series III, Series IV, Series VI, Series VII and/or Series VIII.
Category III and IV of Investors in this Tranche I Issue who are also Primary Holder(s)on the Deemed Date of Allotment applying in Series II and/or V, the maturity amount at redemption along with the additional yield would be ₹1,211.50 per NCD and/or ₹1342.30 per NCD respectively provided the NCDs issued under this Tranche I Issue are held by the investors on the relevant Record Date applicable for redemption in respect of SeriesII and/or Series V.
The additional incentive will be maximum of 0.25% p.a. for Category III and IV Investors in this Tranche I Issue, who are also Primary Holder(s)on the deemed date of allotment.