*Available only in Series VII for Category III and IV investors

• Public issue of secured redeemable non-convertible debentures (“NCDs”) of face value and issue price of Rs. 1,000 each
• The Tranche II Issue includes a base issue size of Rs. 100 crores with an option to retain oversubscription up to Rs. 900 crores aggregating up to Rs. 1,000 crores
• NCDs proposed to be issued pursuant to the Tranche II Issue are rated as “CRISIL AA/Stable” by CRISIL Ratings Limited and “[ICRA]AA (Stable)” by ICRA Limited
• Coupon rate up to 9.55% p.a.^#
• The Tranche II Issue opens on Monday, September 05, 2022 and closes on Thursday, September 22, 2022 **
• The NCDs are proposed to be listed on BSE Limited and National Stock Exchange of India Limited. BSE is the designated stock exchange for the Tranche II Issue.

^#For further details please refer to the Shelf Prospectus dated March 24, 2022, Addendum to Shelf Prospectus dated August 24, 2022 and Tranche II Prospectus dated August 29, 2022

**Issuer reserves the right to close the Tranche II Issue at any time prior to the Tranche II issue closing date.

MUMBAI, SEPTEMBER 05, 2022 (GPN): Headquartered in New Delhi, Indiabulls Housing Finance Limited (“Company” or “Issuer”), a non-deposit taking housing finance company registered with the National Housing Bank, has announced the public issue of secured, redeemable, non-convertible debentures of the face value of Rs. 1,000 each (“NCDs”). The Tranche II Issue opens on Monday, September 05, 2022 and closes on Thursday, September 22, 2022.

The Tranche II Issue has a base issue size of Rs. 100 crores with an option to retain oversubscription up to Rs. 900 crores, aggregating up to Rs. 1,000 crores (“Tranche II Issue”). The Tranche II Issue offers various series of NCDs for subscription with coupon rates ranging from 8.33% to 9.55% per annum. The NCDs are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India (“NSE” together with BSE, the “Stock Exchanges”) with BSE as the Designated Stock Exchange for the Tranche II Issue. The NCDs have been rated CRISIL AA/Stable by CRISIL Ratings Limited and [ICRA]AA (Stable) by ICRA Limited.

The NCDs under the Tranche II Issue have tenures of 24 months (Series I, II, III), 36 months (Series IV, V, VI), and 60 months (Series VII, VIII). Effective yield (per annum) for the NCD holders in Category I (Institutional Investors) & Category II (Non-Institutional Investors) ranges from 8.64% to 9.05% and for Category III (High Net-worth Individual Investors) and Category IV (Retail Individual Investors) holders ranges from 9.04% to 9.54%. Interest payment modes for the NCDs are Annually, Monthly or Cumulative as per the series selected by the investors. Amount on maturity for the NCD holders in Category I (Institutional Investors) & Category II (Non-Institutional Investors) ranges from Rs. 1,000 to Rs. 1,288.21 per NCD and for Category III (High Net-worth Individual Investors) and Category IV (Retail Individual Investors) holders ranges from Rs. 1,000 to Rs. 1,306.07 per NCD.

The Company is also offering an additional incentive of 0.25% to the Category III and Category IV Investors in the proposed Tranche II Issue who are also holders of  NCD(s)/bond(s) previously issued by Company, and/or its Subsidiaries 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, provided the NCDs issued under the proposed Tranche II 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 Series VIII.

The Lead Managers to the Tranche II Issue are Edelweiss Financial

Services Limited, A. K. Capital Services Limited, IIFL Securities Limited and Trust Investment Advisors Private Limited. IDBI Trusteeship Services Limited is the Debenture Trustee to the Tranche II Issue.

Net proceeds of the Tranche II Issue, after meeting the expenditures of and related to the Tranche II Issue, shall be utilised for the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company and general corporate purposes.

As at June 30, 2022, consolidated cash and cash equivalents of the Company were Rs. 4,614.55 crores and Borrowings (other than Debt Securities) of Rs. 31,955.59 crores on balance sheet.

The terms of each series of NCDs offered under the Tranche II Issue are set out below:

Series	I	II	III	IV*	V	VI	VII	VIII
Frequency of Interest Payment	Annual	Cumulative	Monthly	Annual	Cumulative	Monthly	Annual	Monthly
Minimum Application	₹ 10,000 (10 NCDs) across all Series
Face Value/ Issue Price of NCDs (₹/ NCD)	₹ 1,000
In Multiples of thereafter (₹)	₹ 1,000 (1 NCD)
Type of Instrument	Secured NCDs
Tenor	24 Months	24 Months	24 Months	36 Months	36 Months	36 Months	60 Months	60 Months
Coupon (% per annum) for NCD Holders in Category I & II	8.65%	NA	8.33%	8.80%	NA	8.47%	9.05%	8.70%
Coupon (% per annum) for NCD Holders in Category III & IV	9.05%	NA	8.70%	9.30%	NA	8.94%	9.55%	9.15%
Effective Yield (per annum) for NCD Holders in Category I & II	8.64%	8.65%	8.65%	8.79%	8.80%	8.79%	9.04%	9.05%
Effective Yield (per annum) for NCD Holders in Category III & IV	9.04%	9.05%	9.05%	9.29%	9.30%	9.31%	9.54%	9.54%
Mode of Interest Payment	Through various modes available
Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II	₹ 1,000	₹ 1,180.75	₹ 1,000	₹ 1,000	₹ 1,288.21	₹ 1,000	₹ 1,000	₹ 1,000
Amount (₹ / NCD) on Maturity for NCD Holders in Category III & IV	₹ 1,000	₹ 1,189.47	₹ 1,000	₹ 1,000	₹ 1,306.07	₹ 1,000	₹ 1,000	₹ 1,000
Maturity / Redemption Date (Months from the Deemed Date of Allotment)	24 Months	24 Months	24 Months	36 Months	36 Months	36 Months	60 Months	60 Months
Put and Call Option	Not Applicable

*Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series. 

About Indiabulls Housing Finance Limited (IBHFL):

Indiabulls Housing Finance Limited (IBHFL) is a non-deposit taking housing finance company (“HFC”) registered with the NHB. The NCDs proposed to be issued by IBHFL are rated ‘AA’ by rating agencies including CRISIL and ICRA. As of June 30, 2022, it has a network of 162 branches spread across India that gives them a pan-India presence and allows it to interact with and service its customers. Indiabulls’ consolidated revenue from operations stood at Rs. 8,983.31 crores for the fiscal 2022 and consolidated profit for the year was Rs. 1,177.74 crores. For the three months ended June 30, 2022, consolidated revenue from operations and profit for the period was Rs. 2,075.21 crores and Rs. 286.64 crores respectively. It is having a strong nationwide presence and continues to reach out further with e-Home Loans IBHFL allows its customers to apply for a home loan and upload the requisite documents online.