{"id":4381,"date":"2022-09-04T02:49:34","date_gmt":"2022-09-04T02:49:34","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=4381"},"modified":"2026-04-13T10:59:45","modified_gmt":"2026-04-13T10:59:45","slug":"indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/","title":{"rendered":"INDIABULLS HOUSING FINANCE LIMITED-NCD IPO \u2013 September 2022, Should you invest?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">High Yield\u00a0 |\u00a0 AA\/Stable\u00a0 |\u00a0 Minimum Investment: 10k Only<\/span><\/p>\n<p><span style=\"font-weight: 400;\">India\u2019s third-largest Housing Finance Company, Indiabulls Housing Finance Limited is issuing AA\/Stable rated NCDs from 5th September 2022. They are being issued in eight different series.\u00a0 The coupon ranges between 8.65% and 9.55% which is much higher than FD rates. They come with different tenures such as 2 years, 3 years, and 5 years. The present bondholders or equity shareholders of Indiabulls are considered Primary Holders. In this IPO, Primary holders will be incentivized by a maximum of 0.25% p.a. This incentive applies only to Retail and HNI categories. The issue will close on 22 September 2022<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Apply_Now\" >Apply Now\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#IBHFL_NCD_IPO_Coupon_rates_and_effective_yield_for_each_of_the_series\" >IBHFL NCD IPO: Coupon rates and effective yield for each of the series\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Allocation_Ratio\" >Allocation Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Investment_Process_for_IBHFL_NCD_IPO\" >Investment Process for IBHFL NCD IPO<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Invest_in_Bond_IPO_online_in_just_5_minutes\" >Invest in Bond IPO online in just 5 minutes<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#IPO_allotment\" >IPO allotment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Issue_Analysis\" >Issue Analysis\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Dos_and_Donts_of_Indiabulls_NCD-IPO\" >Dos and Don\u2019ts of Indiabulls NCD-IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Company_overview\" >Company overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Financial_Overview\" >Financial Overview\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Cash_flow_last_5_years\" >Cash flow last 5 years<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Financial_Performance\" >Financial Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Key_Highlights\" >Key Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#9M_FY_2022\" >9M FY 2022<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Strengths\" >Strengths\u00a0<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/#Previous_NCD_IPO_from_Indiabulls_Housing_Finance\" >Previous NCD IPO from Indiabulls Housing Finance<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Apply_Now\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-better-return-fds?utm_source=blog&amp;utm_medium=blog&amp;utm_indiabullssept2022=\"><strong>Apply Now\u00a0<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4382\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021224\/issuer-details.png\" alt=\"Apply for IBHFL NCD IPO\" width=\"482\" height=\"508\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021224\/issuer-details.png 534w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021224\/issuer-details-285x300.png 285w\" sizes=\"(max-width: 482px) 100vw, 482px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"IBHFL_NCD_IPO_Coupon_rates_and_effective_yield_for_each_of_the_series\"><\/span><strong>IBHFL NCD IPO: Coupon rates and effective yield for each of the series\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><img decoding=\"async\" class=\"alignnone wp-image-4415 size-large\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/05111719\/revised-india-bulls-1024x267.png\" alt=\"IBHFL NCD IPO: Coupon rates and effective yield\" width=\"1024\" height=\"267\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/05111719\/revised-india-bulls-1024x267.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/05111719\/revised-india-bulls-300x78.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/05111719\/revised-india-bulls-768x200.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/05111719\/revised-india-bulls-585x152.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/05111719\/revised-india-bulls.png 1148w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4384\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021416\/India-bull-sharing.jpg\" alt=\"Allocation Ratio for IBHFL NCD IPO\" width=\"456\" height=\"274\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021416\/India-bull-sharing.jpg 752w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021416\/India-bull-sharing-300x180.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021416\/India-bull-sharing-585x352.jpg 585w\" sizes=\"(max-width: 456px) 100vw, 456px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_IBHFL_NCD_IPO\"><\/span><strong>Investment Process for IBHFL NCD IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>You can invest in IPOs via GoldenPi in 3 easy steps.<\/p>\n<p><strong>If the investment amount is\u00a0 less than &amp; up to 10 lakhs,<\/strong>\u00a0retail investors can apply for an IPO online.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4385\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1.jpeg\" alt=\"Investment Process for IBHFL NCD IPO\" width=\"625\" height=\"313\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1-300x150.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1-768x384.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021643\/IPO-1024x512-1-1-585x293.jpeg 585w\" sizes=\"(max-width: 625px) 100vw, 625px\" \/><\/p>\n<p><strong><em>If the investment amount is more than 10 Lakhs.\u00a0<\/em><\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4386\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021757\/More-than-10-lakhs-1-1024x512-1-1.jpeg\" alt=\"Investment Process for IBHFL NCD IPO\" width=\"643\" height=\"322\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021757\/More-than-10-lakhs-1-1024x512-1-1.jpeg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021757\/More-than-10-lakhs-1-1024x512-1-1-300x150.jpeg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021757\/More-than-10-lakhs-1-1024x512-1-1-768x384.jpeg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04021757\/More-than-10-lakhs-1-1024x512-1-1-585x293.jpeg 585w\" sizes=\"(max-width: 643px) 100vw, 643px\" \/><\/p>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><strong><a href=\"https:\/\/goldenpi.com\/bond-ipo-online?utm_source=blog&amp;utm_medium=blog&amp;utm_indiabullssept2022=\">Invest in Bond IPO online in just 5 minutes<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h2><span class=\"ez-toc-section\" id=\"IPO_allotment\"><\/span><b>IPO allotment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">IPO will be allotted to you on a first-come, first-serve basis and credited to your <a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/strategy\/what-is-a-demat-account\/\">Demat account.\u00a0<\/a><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_Analysis\"><\/span><b>Issue Analysis\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Pros<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCDs are AA\/Stable rated securities. AA\/Stable-rated securities fall into the category of investment grade hence underlying credit risk is assumed to be quite low.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The <a href=\"https:\/\/goldenpi.com\/blog\/fixed-income\/govt-securities\/what-is-a-coupon-rate\/\">coupon rate<\/a> is between 8.65% to 9.55% which is much higher than (3 to 4%) higher than FD rates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Few of the series are secured by the company\u2019s assets.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">In this IPO, Primary holders will be incentivized by a maximum of 0.25% p.a.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Indiabulls has made a strong presence in India with 130 branches and 8000+ channel partners that can efficiently manage to execute new growth strategies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company is agile in adopting technology to reduce costs and reach the untapped market.\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Cons<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">All of the series are not secured.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company\u2019s revenue has been reducing for 2 years.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loan books are less seasoned because of pandemics.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Dos_and_Donts_of_Indiabulls_NCD-IPO\"><\/span><b>Dos and Don\u2019ts of Indiabulls NCD-IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Every individual can submit 5 IPO applications.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The<a href=\"https:\/\/goldenpi.com\/blog\/fixed-income\/govt-securities\/what-is-a-coupon-rate\/\"> Demat account<\/a> must be active.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After applying for an IPO, you can not change your contact details such as email id and cell number until allotment.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you are paying via UPI, then the UPI mandate must be accepted within 48 hour<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Company_overview\"><\/span><strong>Company overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Indiabulls Housing Finance Limited (IBHFL) was founded in 2005. It is headquartered in New Delhi, India. It is the third-largest housing finance company regulated by National Housing Bank. IBHFL is part of the Indiabulls group: IBHFL leads 80% of the group turnover. IBHFL is operating via 125 branches in 92 cities in India. IBHFL has made its presence in the United Kingdom and the United Arab Emirates. Mr. Gagan Banga is leading the IBHFL team as Managing Director of the company.<\/span><\/p>\n<div><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/05123852\/INDIABULLS-HOUSING-FINANCE-NCD-1-1.gif\" alt=\"INDIABULLS HOUSING FINANCE LIMITED-NCD IPO \u2013 September 2022, Should you invest?\" \/><\/div>\n<h2><\/h2>\n<h2><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4387\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022300\/Indiabulls-1233.jpg\" alt=\"Financial Overview for IBHFL NCD IPO\" width=\"510\" height=\"365\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022300\/Indiabulls-1233.jpg 802w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022300\/Indiabulls-1233-300x215.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022300\/Indiabulls-1233-768x550.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022300\/Indiabulls-1233-585x419.jpg 585w\" sizes=\"(max-width: 510px) 100vw, 510px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cash_flow_last_5_years\"><\/span><strong>Cash flow last 5 years<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone wp-image-4388\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022405\/India-bull-5-year-cashflow-1024x246-1.jpg\" alt=\"Cash flow for IBHFL NCD IPO\" width=\"710\" height=\"171\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022405\/India-bull-5-year-cashflow-1024x246-1.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022405\/India-bull-5-year-cashflow-1024x246-1-300x72.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022405\/India-bull-5-year-cashflow-1024x246-1-768x185.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022405\/India-bull-5-year-cashflow-1024x246-1-585x141.jpg 585w\" sizes=\"(max-width: 710px) 100vw, 710px\" \/><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>*<\/strong>Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>**<\/strong>Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>***<\/strong>Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/p>\n<div><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><b>Financial Performance<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Pandemic has hit the company\u2019s performance hence annual revenue has reduced. The company is agile in adopting technology. It has an end-to-end digitalized home loan. With the help of digital assets, the company is trying to make a presence in tier-3 and tier-4 locations. <\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><img decoding=\"async\" class=\"alignnone wp-image-4390 size-full\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04023143\/Financial-performance.png\" alt=\"Financial Performance for IBHFL NCD IPO\" width=\"833\" height=\"121\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04023143\/Financial-performance.png 833w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04023143\/Financial-performance-300x44.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04023143\/Financial-performance-768x112.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04023143\/Financial-performance-585x85.png 585w\" sizes=\"(max-width: 833px) 100vw, 833px\" \/><strong>Ratio Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4389\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022735\/Jom-data-768x678-1.jpg\" alt=\"Ratio Analysis for IBHFL NCD IPO\" width=\"632\" height=\"558\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022735\/Jom-data-768x678-1.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022735\/Jom-data-768x678-1-300x265.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/09\/04022735\/Jom-data-768x678-1-585x516.jpg 585w\" sizes=\"(max-width: 632px) 100vw, 632px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Highlights\"><\/span><strong>Key Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CRAR for 9M FY22 &#8211; 31.2%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loan disbursed- Rs. 2.84 lakh Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer base \u2013 10 Lakh +<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of branches- 130<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of channel partners- 8000<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Since September 2018, the debt of almost 88,000 crores has been serviced on a gross basis.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net gearing has decreased from levels of 7x to under 3x.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">On target to cut the wholesale book in half by December 22 and by 33% by March 22 [on numbers from March 21]<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No new, distinct structured arrangements are necessary for the creation of liquidity. 45% of the investment for structured capital from deals that were finalised a year ago. Proof of the reliability and availability of wholesale loan assets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">As additional books begin to be added, net gearing will stabilise between 2 and 2.5 times. will stay steady at these levels as an additional business is conducted using an approach that prioritises light assets.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"9M_FY_2022\"><\/span><b>9M FY 2022<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net NPA- 1.80%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Balance Sheet- Rs. 82,285 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Net Worth- Rs. 16,405 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asset Under Management- Rs. 73,914 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loan Book- Rs. 60,979 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Borrowings- Rs. 55,361 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PAT &#8211; Rs. 303 Cr<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strong Capital Adequacy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Low Gearing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Healthy Liquidity &amp; Matched ALM<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Stable Asset Quality<\/span><\/li>\n<\/ul>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online?utm_source=blog&amp;utm_medium=blog&amp;utm_indiabullssept2022=\"><strong>To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<h3><span class=\"ez-toc-section\" id=\"Previous_NCD_IPO_from_Indiabulls_Housing_Finance\"><\/span><strong>Previous NCD IPO from Indiabulls Housing Finance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li class=\"penci-entry-title entry-title grid-title\"><strong><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls-housing-finance-limited-ncd-ipo-march-2022-should-you-invest\/\">New IPO: INDIABULLS HOUSING FINANCE NCD\u00a0\u2013 March 2022. Should you invest?<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/indiabulls-housing-finance-limited-ncd-ipo-should-you-invest\/\">Indiabulls Housing Finance Limited NCD-IPO: September, 2021,\u00a0should you invest?<\/a><\/strong><\/li>\n<\/ul>\n<div id=\"footable_parent_7848\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <div class=\"pcrstb-wrap\"><table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"7848\" data-filter-delay=\"1000\" aria-label=\"IPO Table - Indiabulls .csv\"            id=\"footable_7848\"\n           data-unique_identifier=\"ninja_table_unique_id_3711913833_7848\"\n           class=\" foo-table ninja_footable foo_table_7848 ninja_table_unique_id_3711913833_7848 ui table  nt_type_legacy_table selectable striped vertical_centered  footable-paging-right ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                            <col class=\"ninja_column_6 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                                                                                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_details \">Details <\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_maximumyield \">Maximum yield<\/th><th scope=\"col\"  class=\"ninja_column_2 ninja_clmn_nm_overallissuesize \">Overall Issue Size\t<\/th><th scope=\"col\"  class=\"ninja_column_3 ninja_clmn_nm_creditrating \">Credit Rating<\/th><th scope=\"col\"  class=\"ninja_column_4 ninja_clmn_nm_startdate \">Start Date<\/th><th scope=\"col\"  class=\"ninja_column_5 ninja_clmn_nm_closingdate \">Closing Date<\/th><th scope=\"col\"  class=\"ninja_column_6 ninja_clmn_nm_formoredetails \">For more details<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"147\" class=\"ninja_table_row_0 nt_row_id_147\">\n            <td>Indiabulls NCD IPO March 2024 <\/td><td>10.75%<\/td><td>200 cr<\/td><td>CRISIL AA Stable, ICRA AA Stable <\/td><td>March 5, 2024<\/td><td>March 19, 2024 <\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-ncd-ipo-march-2024-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"139\" class=\"ninja_table_row_1 nt_row_id_139\">\n            <td>Indiabulls NCD IPO September 2023<\/td><td>10.75%<\/td><td>100 cr<\/td><td>CRISIL, ICRA AA (Stable)<\/td><td>September 6, 2023<\/td><td>September 20, 2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-ncd-ipo-september-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"148\" class=\"ninja_table_row_2 nt_row_id_148\">\n            <td>Indiabulls NCD IPO October 2023<\/td><td>10.75%<\/td><td>100 cr<\/td><td>CRISIL AA Stable, ICRA AA Stable <\/td><td>October 20, 2023 <\/td><td>November 3, 2023 <\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-ncd-ipo-october-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"140\" class=\"ninja_table_row_3 nt_row_id_140\">\n            <td>Indiabulls NCD IPO July 2023<\/td><td>10.14%<\/td><td>200 cr<\/td><td>CRISIL, ICRA AA (Stable)<\/td><td>July 10, 2023<\/td><td>July 21, 2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-ncd-ipo-july-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"141\" class=\"ninja_table_row_4 nt_row_id_141\">\n            <td>Indiabulls NCD IPO April 2023<\/td><td>10.50%<\/td><td>100 cr<\/td><td>CRISIL, ICRA AA (Stable)<\/td><td>April 5, 2023<\/td><td>April 19, 2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ncd-ipo-april-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"149\" class=\"ninja_table_row_5 nt_row_id_149\">\n            <td>Indiabulls NCD IPO March 2023 <\/td><td>10.30%<\/td><td>200 cr<\/td><td>CRISIL AA Stable, ICRA AA Stable <\/td><td>January 5, 2023 <\/td><td>January 7, 2023 <\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/5633\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"142\" class=\"ninja_table_row_6 nt_row_id_142\">\n            <td>Indiabulls NCD IPO January 2023<\/td><td>10.30%<\/td><td>200 cr<\/td><td>CRISIL, ICRA AA (Stable)<\/td><td>January 5, 2023<\/td><td>January 27, 2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/5633\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"143\" class=\"ninja_table_row_7 nt_row_id_143\">\n            <td>Indiabulls NCD IPO December 2022<\/td><td>9.55%<\/td><td>1000 cr<\/td><td>CRISIL, ICRA AA (Stable)<\/td><td>December 1, 2022<\/td><td>December 22, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-ipo-tr-iv-december-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"144\" class=\"ninja_table_row_8 nt_row_id_144\">\n            <td>Indiabulls NCD IPO September 2022<\/td><td>9.54%<\/td><td>1000 cr<\/td><td>CRISIL, ICRA AA (Stable)<\/td><td>September 5, 2022<\/td><td>September 22, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-september-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"145\" class=\"ninja_table_row_9 nt_row_id_145\">\n            <td>Indiabulls NCD IPO March 2022<\/td><td>9.26%<\/td><td>200 cr<\/td><td>CRISIL, ICRA AA (Stable)<\/td><td>March 30, 2022<\/td><td>April 22, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-march-2022-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"146\" class=\"ninja_table_row_10 nt_row_id_146\">\n            <td>Indiabulls NCD IPO September 2021<\/td><td>9.75%<\/td><td>1000 cr<\/td><td>CRISIL AA<\/td><td>September 6, 2021<\/td><td>September 20, 2021<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-housing-finance-limited-ncd-ipo-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table><\/div>\n    \n    \n    \n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>High Yield\u00a0 |\u00a0 AA\/Stable\u00a0 |\u00a0 Minimum Investment: 10k Only India\u2019s third-largest Housing Finance Company, Indiabulls Housing Finance Limited is issuing AA\/Stable rated&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[161],"tags":[],"class_list":["post-4381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indiabulls"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>INDIABULLS HOUSING FINANCE LIMITED-NCD IPO \u2013 September 2022, Should you invest? - GoldenPi | Blogs<\/title>\n<meta name=\"description\" content=\"INDIABULLS HOUSING FINANCE LIMITED-NCD IPO \u2013 September 2022, Should you invest?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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