{"id":5383,"date":"2023-01-05T11:07:58","date_gmt":"2023-01-05T11:07:58","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=5383"},"modified":"2026-02-25T16:09:41","modified_gmt":"2026-02-25T16:09:41","slug":"indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/","title":{"rendered":"INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO- January 2023, should you invest?"},"content":{"rendered":"<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-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/#High_Yield_AAStable_Rated_Minimum_Investment_10k_Only\" >High Yield\u00a0|\u00a0AA\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/a><\/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-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Bond_overview\" >Bond overview\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-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Coupon_rates_and_effective_yield_for_each_of_the_series\" >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-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-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-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Redemption_Schedule\" >Redemption Schedule<\/a><\/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-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Investment_Process_for_Indiabulls_Commercial_Credit_Limited_NCD_IPO\" >Investment Process for Indiabulls Commercial Credit Limited NCD IPO<\/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-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Financial_Overview\" >Financial Overview<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Snapshot_stating_the_Revenue_Expenses_PAT_In_crores\" >Snapshot stating the Revenue, Expenses, PAT (In crores)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Cash_flow_for_last_5_years_In_crores\" >Cash flow for last 5 years (In crores)<\/a><\/li><\/ul><\/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-commercial-credit-limited-ipo-january-2023-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-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Issue_analysis\" >Issue analysis<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Pros\" >Pros\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Cons\" >Cons\u00a0<\/a><\/li><\/ul><\/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-commercial-credit-limited-ipo-january-2023-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><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-commercial-credit-limited-ipo-january-2023-should-you-invest\/#About_Indiabulls_Commercial_Credit_Limited\" >About Indiabulls Commercial Credit Limited<\/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-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Quick_walk_through_on_Financials_details_for_2023\" >Quick walk through on Financials details for 2023<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Strengths\" >Strengths<\/a><\/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-commercial-credit-limited-ipo-january-2023-should-you-invest\/#Weakness\" >Weakness<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-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><\/ul><\/nav><\/div>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"High_Yield_AAStable_Rated_Minimum_Investment_10k_Only\"><\/span><strong>High Yield\u00a0|\u00a0AA\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bond_overview\"><\/span><b>Bond overview\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Indiabulls Commercial Credit Limited is issuing the Non-Convertible Debentures. These NCDs are AA\/Stable rated by CRISIL and ICRA. The NCDs are being issued in eight series: coupon ranges from 9.39% to 10.30% p.a. and different tenures of 24 months, 36 months and 60 months. The NCDs are secured and redeemable in nature.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5385\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110140\/Capture-5-300x258.jpg\" alt=\"Bond overview\u00a0of INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO\" width=\"550\" height=\"473\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110140\/Capture-5-300x258.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110140\/Capture-5-585x504.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110140\/Capture-5.jpg 685w\" sizes=\"(max-width: 550px) 100vw, 550px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Coupon_rates_and_effective_yield_for_each_of_the_series\"><\/span><b>Coupon rates and effective yield for each of the series\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5386\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-300x135.png\" alt=\"Coupon rates and effective yield\" width=\"651\" height=\"293\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-300x135.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-1024x462.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-768x347.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-1536x694.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-2048x925.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-1170x528.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-1920x867.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110154\/coupon-3-585x264.png 585w\" sizes=\"(max-width: 651px) 100vw, 651px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by <a href=\"https:\/\/www.sebi.gov.in\/\" target=\"_blank\" rel=\"noopener noreferrer\">SEBI<\/a>.\u00a0 Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for Indiabulls Commercial Credit Limited <a href=\"https:\/\/goldenpi.com\/bond-ipo-online\" target=\"_blank\" rel=\"noopener noreferrer\">NCD-IPO<\/a>.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5387\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110331\/allocation-1-300x180.png\" alt=\"Allocation Ratio of INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO\" width=\"483\" height=\"290\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110331\/allocation-1-300x180.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110331\/allocation-1-1024x615.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110331\/allocation-1-768x461.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110331\/allocation-1-1536x923.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110331\/allocation-1-1170x703.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110331\/allocation-1-585x351.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110331\/allocation-1.png 1653w\" sizes=\"(max-width: 483px) 100vw, 483px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Redemption_Schedule\"><\/span><strong>Redemption Schedule<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5388\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-300x87.png\" alt=\"Redemption Schedule of INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO\" width=\"617\" height=\"179\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-300x87.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-1024x298.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-768x224.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-1536x447.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-2048x596.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-1170x341.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-1920x559.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110348\/redemption-585x170.png 585w\" sizes=\"(max-width: 617px) 100vw, 617px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_Indiabulls_Commercial_Credit_Limited_NCD_IPO\"><\/span><b>Investment Process for Indiabulls Commercial Credit Limited NCD IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can invest in IPOs via GoldenPi in 3 easy steps.<\/span><\/p>\n<p><b>If the investment amount is less than &amp; up to 10 lakhs,<\/b><span style=\"font-weight: 400;\"> retail investors can apply for an IPO online.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5389\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110424\/12-768x384-4-300x150.jpg\" alt=\"Investment Process for Indiabulls Commercial Credit Limited NCD IPO\" width=\"506\" height=\"253\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110424\/12-768x384-4-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110424\/12-768x384-4-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110424\/12-768x384-4.jpg 768w\" sizes=\"(max-width: 506px) 100vw, 506px\" \/><\/p>\n<p><b>If the investment amount is more than 10 Lakhs. <\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5390\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110436\/11-768x384-4-300x150.jpg\" alt=\"Investment Process for Indiabulls Commercial Credit Limited NCD IPO\" width=\"520\" height=\"260\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110436\/11-768x384-4-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110436\/11-768x384-4-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110436\/11-768x384-4.jpg 768w\" sizes=\"(max-width: 520px) 100vw, 520px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Snapshot_stating_the_Revenue_Expenses_PAT_In_crores\"><\/span><b>Snapshot stating the Revenue, Expenses, PAT (In crores)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5391\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110452\/revenue-2-300x180.png\" alt=\"Financial Overview of INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO\" width=\"520\" height=\"312\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110452\/revenue-2-300x180.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110452\/revenue-2-1024x615.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110452\/revenue-2-768x461.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110452\/revenue-2-1536x923.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110452\/revenue-2-1170x703.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110452\/revenue-2-585x351.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110452\/revenue-2.png 1653w\" sizes=\"(max-width: 520px) 100vw, 520px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cash_flow_for_last_5_years_In_crores\"><\/span><strong>Cash flow for last 5 years (In crores)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5392\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110518\/Capture-1-3-300x166.jpg\" alt=\"Financial Overview of INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO\" width=\"539\" height=\"298\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110518\/Capture-1-3-300x166.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110518\/Capture-1-3-1024x566.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110518\/Capture-1-3-768x424.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110518\/Capture-1-3-1170x646.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110518\/Capture-1-3-585x323.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110518\/Capture-1-3.jpg 1249w\" sizes=\"(max-width: 539px) 100vw, 539px\" \/><\/p>\n<p><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<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"font-weight: 400;\">***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><\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><b>Ratio Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5393\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110538\/Table-Format-Indiabulls-01-300x264.jpg\" alt=\"Ratio Analysis of INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO\" width=\"705\" height=\"620\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110538\/Table-Format-Indiabulls-01-300x264.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110538\/Table-Format-Indiabulls-01-1024x901.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110538\/Table-Format-Indiabulls-01-768x675.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110538\/Table-Format-Indiabulls-01-1536x1351.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110538\/Table-Format-Indiabulls-01-1170x1029.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110538\/Table-Format-Indiabulls-01-585x514.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05110538\/Table-Format-Indiabulls-01.jpg 1875w\" sizes=\"(max-width: 705px) 100vw, 705px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_analysis\"><\/span><b>Issue analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Pros\"><\/span><strong>Pros\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCD is AA rated security with a stable outlook.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The yield offered is 10.3% which is much higher than FDs.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cons\"><\/span><strong>Cons\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Decreasing Cash flows every year<\/span><\/li>\n<\/ul>\n<h2 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-better-return-fds\"><b>To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"About_Indiabulls_Commercial_Credit_Limited\"><\/span><b>About Indiabulls Commercial Credit Limited<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Indiabulls Commercial Credit Limited, incorporated in 2006, is a wholly owned subsidiary of <a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/indiabulls-housing-finance-ipo-tr-iv-december-2022-should-you-invest\/\" target=\"_blank\" rel=\"noopener noreferrer\">Indiabulls Housing Finance Limited<\/a>. IBCCL has extensive knowledge in mortgage-based financing and strong parental backing. Small business loans that IBCCL and IBHFL underwrite fall into the category of loans with the lowest risk.<\/span><\/p>\n<p><a href=\"https:\/\/goldenpi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"wp-image-5917 size-full aligncenter\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05071001\/Master-bonds-debentures-and-IPO-investments-market-strategies-with-Golden-Pi-1.jpg\" alt=\"INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO\" width=\"1080\" height=\"370\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05071001\/Master-bonds-debentures-and-IPO-investments-market-strategies-with-Golden-Pi-1.jpg 1080w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05071001\/Master-bonds-debentures-and-IPO-investments-market-strategies-with-Golden-Pi-1-300x103.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05071001\/Master-bonds-debentures-and-IPO-investments-market-strategies-with-Golden-Pi-1-1024x351.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05071001\/Master-bonds-debentures-and-IPO-investments-market-strategies-with-Golden-Pi-1-768x263.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05071001\/Master-bonds-debentures-and-IPO-investments-market-strategies-with-Golden-Pi-1-585x200.jpg 585w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quick_walk_through_on_Financials_details_for_2023\"><\/span><b>Quick walk through on Financials details for 2023<\/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;\">Asset Under Management &#8211; Rs. 13,771 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gross NPA &#8211; 3.2%<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A sizable net worth of Rs 16,727 crore as of June 30, 2022, supported by strong internal accruals, characterises capitalization.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IBHFL continues to have a significant presence in retail mortgage finance, robust capitalization, and good asset quality in the retail divisions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">As of June 30, 2022, IBHFL reported overall gross NPAs of 3.0%, down from 3.2% as of March 31, 2022 (2.7% as of March 31, 2021).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Presence in the retail mortgage finance sector that is significant<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Weakness\"><\/span><b>Weakness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The company&#8217;s portfolio performance may be impacted by asset-quality concerns resulting from a sizable large-ticket commercial credit portfolio of Rs 9,065 crore as of June 30, 2022.<\/span><\/li>\n<\/ul>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><b>Invest in Bond IPO online in just 5 minutes<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\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_1837530029_7848\"\n           class=\" foo-table ninja_footable foo_table_7848 ninja_table_unique_id_1837530029_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|\u00a0AA\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only \u00a0 Bond overview\u00a0 Indiabulls Commercial Credit Limited is issuing the Non-Convertible Debentures. These NCDs are AA\/Stable&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[161],"tags":[],"class_list":["post-5383","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 COMMERCIAL CREDIT LIMITED NCD IPO<\/title>\n<meta name=\"description\" content=\"INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO- January 2023, 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\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO\" \/>\n<meta property=\"og:description\" content=\"INDIABULLS COMMERCIAL CREDIT LIMITED NCD IPO- January 2023, should you invest?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indiabulls\/indiabulls-commercial-credit-limited-ipo-january-2023-should-you-invest\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:author\" content=\"goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-05T11:07:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-25T16:09:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/25160926\/Indiabulls-Commercial-Credit-NCD-IPO-%E2%80%93-Should-You-Invest_-January-2023-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"731\" \/>\n\t<meta property=\"og:image:height\" content=\"347\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Abhijit Roy, CEO &amp; 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