Indiabulls Housing Finance Rights Issue at
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     About Indiabulls Housing Finance

    Indiabulls Housing Finance is a non-deposit taking housing finance company (“HFC”) registered with the NHB. It is also a notified financial institution under the SARFAESI Act. It pre-dominantly offers housing loans and loans against property to its varied client base which comprises (i) salaried employees; (ii) self-employed individuals; (iii) micro, small and medium-sized enterprises (“MSMEs”) and (iv) corporates. It also offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises. As of September 30, 2023, it was among the top 5 housing finance companies in India in terms of asset under management, and its housing loans and non-housing loans constituted 52% and 48%, respectively of its Loan Book on a standalone basis. As on September 30, 2023, its Loan Book was Rs.543,407.4 million on a consolidated basis. It is in the process of shifting to an asset-light business model, focusing on co-lending of loans along with banks and an increased sell down of its loan portfolio

    Its collateral primarily consists of residential and commercial properties. In addition, as of September 30, 2023, the average ticket size (“ATS”) for home loans is Rs.2.5 million and Rs.6.9 million for loans against property.
    As of September 30, 2023, it had a network of 218 branches which gives it a pan-India presence.

    As at September 30, 2023, its consolidated gross NPAs as a percentage of its consolidated Loan Book was 3.4% and its consolidated net NPAs for the six months ended September 30, 2023 as a percentage of its consolidated Loan Book were 1.9%.

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    Indiabulls Housing Finance Rights Issue 2024 Details
    Issue Open February 7, 2024 – February 13, 2024
    Security Name Indiabulls Housing Finance Limited
    Issue Size (Shares) 24,62,26,515
    Issue Size (Amount) Rs.3,693.40 Crores
    Issue Price Rs.150 per share
    Face Value Rs.2 per share
    Listing At BSE, NSE
    Terms of Payment Issue Price of Rs.150/- to be paid as Rs.50/- per share on Application and Rs.100/- per share in one or more calls as may be determined by the Board at its sole discretion from time to time.
    Entitlement 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date


    Indiabulls Housing Finance Rights Issue 2024 Timetable
    Last Date to buy shares January 31, 2024
    Record Date February 1, 2024
    Credit of Rights Entitlements  
    Bid/Offer Opens On February 7, 2024
    Renunciation of Rights Entitlements February 8, 2024
    Bid/Offer Closes On February 13, 2024
    Deemed Date of Allotment February 22, 2024
    Credit Date February 26, 2024
    Listing Date February 28, 2024

    Objects of Indiabulls Housing Finance 2024:

    The Company intends to utilize the Net Proceeds from the Issue towards funding the following objects:

    Augmenting the capital base of the company; and
    General corporate purposes.
    Indiabulls Housing Finance Rights Issue 2024 Subscription Status
    Indiabulls Housing Finance Rights Issue 2024 is subscribed 0.05 times as on February 7, 2024 5:00:00 PM. The total bid quantity received by BSE, NSE is 13,415,061 shares.

    Indiabulls Housing Finance Rights Issue 2024 Financials
    Period Ended 30-Sep-23 31-Mar-23 31-Mar-22 31-Mar-21
    Assets 72,907.98 74,945.24 81,973.32 93,239.03
    Revenue 4,157.92 8,725.79 8,993.90 10,030.12
    Profit After Tax 594.17 1,129.69 1,177.74 1,201.59
    Amount in Rs. Crore

    Company Contact Information
    Indiabulls Housing Finance Limited
    5th Floor, Building No. 27, KG Marg,
    Connaught Place
    New Delhi – 110001.

    Indiabulls Housing Finance 2024 Lead Manager
    Nuvama Wealth Management Limited
    InCred Capital Wealth Portfolio Managers Pvt.Ltd

    Indiabulls Housing Finance 2024 Registrar
    Kfin Technologies ltd

    Indiabulls Housing Finance 2024 To the Point Guidance by Paresh Gordhandas, Research Analyst

    CMP as on 07 February 2024 (Close) Rs. 185.70indiabulls housing finance rights issue 2024
    Rights shares are offered at Rs. 150
    TTM EPS Rs. 19.83
    TTM PE 9.32 (Higher than average)
    52 Week  High Rs. 234.80
    52 Week Low   Rs. 91.80
    Book Value Rs. 342.01
    Technical View: From chart and technical analysis viewpoint, the scrip is in the short term down trend.
    Guidance: Since long, the scrip is quoted much below its book value. This also indirectly indicate that the stock market is not quite bullish about this scrip. The scrip is quoted at a PE Multiple much higher than its historical trend, as indicated on
    The company has shown sliding topline and bottomline during last 5 years, which is not quite impressive aspect. We are not bullish about this Rights issue. May Avoid

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