₹ 200 Crore Base Issue Size of Public Issue of NCDs by Indiabulls Housing Finance Limited Oversubscribed 4.04x Times

₹ 200 Crore Base Issue Size of Public Issue of NCDs by Indiabulls Housing Finance Limited Oversubscribed 4.04x Times

₹ 200 Crore Base Issue Size of Public Issue of NCDs by Indiabulls Housing Finance Limited Oversubscribed 4.04x Times 

• Base Issue oversubscribed by 04 times with a total collection of ₹ 807.83 Crore*
• Retail category oversubscribed by 2.44 times (of the Base Issue Size) with a total collection of ₹                146.22 Crore
• Almost 42% of the total issue size got subscribed for 3 year & 5 year tenure, as investors seek to subscribefor long term
• Most of the monies have been raised at an effective annual yield of 35%

Chennai, September 21, 2021: Indiabulls Housing Finance Limited (“Company”), today announced that the base issue size of its public issue of Secured Redeemable Non-Convertible Debentures and Unsecured Subordinated Redeemable Non-Convertible Debentures (NCDs) has been oversubscribed.

The issue has seen healthy demand in the Retail category of investors with a total collection of ₹ 807.83 Crore. The issue also saw good interest from its existing NCD investors.

Overall, this Tranche I Issue has seen interest from investors across series and tenures offering annual, monthly, and cumulative interest options.

The NCDs have been rated “CRISIL AA/Stable” (pronounced as CRISIL double A rating with stable outlook), by CRISIL Ratings; “BWR AA+ Negative” (pronounced as “BWR double A plus with negative outlook), by Brickworks Ratings India Private Limited.

Edelweiss Financial Services Limited, IIFL Securities Limited and Trust Investment Advisors Private Limited are the Lead Managers to the NCD issue. The Issue opened on September 6, 2021 and closed on September 20, 2021. The NCDs will be listed on BSE Limited and National Stock Exchange of India Limited.

Allotment in the public issue of debt securities should be made on the basis of date of upload of each application into the electronic book of the stock exchange. However, on the date of oversubscription, the allotments should be made to the applicants on proportionate basis. For further details refer to section titled “Issue Related Information” on page 79 of the Tranche I Prospectus dated September 1, 2021 and the Corrigendum to the Tranche I Prospectus dated September 7, 2021 (“Corrigendum”).

Capitalised terms not defined herein shall have the same meaning as assigned to such terms in the Prospectus.

These figures are based on the final cumulative bidding figures from both the Stock Exchanges (BSE Limited and National Stock Exchange of India Limited) as on 6:00 PM on the Tranche I Issue closing date i.e. September 20, 2021

DISCLAIMER: The Company, subject to market conditions, and other considerations, is proposing a public issue of secured redeemable non-convertible debentures and unsecured subordinated redeemable non-convertible debentures and has filed a Shelf Prospectus dated September 1, 2021 (“Shelf Prospectus”), Tranche I Prospectus dated September 1, 2021 (“Tranche I Prospectus”) and the Corrigendum to the Tranche I Prospectus dated September 7, 2021 (“Corrigendum”) with the Registrar of Companies, National Capital Territory of Delhi and Haryana , BSE Limited (“BSE”), National Stock Exchange of India Limited (“NSE”) and Securities and Exchange Board of India (“SEBI”). The Shelf Prospectus and Tranche I Prospectus is available on the website of the Company at https://www.indiabullshomeloans.com/, on the website of BSE at www.bseindia.com, on the website of NSE at www.nseindia.com, on the website of the lead managers at www.edelweissfin.com, www.iiflcap.com and www.trustgroup.in, and on the website of SEBI at www.sebi.gov.in. Investors proposing to participate in the Issue should note that investment in the NCDs involves a high degree of risk and for details in relation to the same, refer to the Shelf Prospectus and Tranche I Prospectus, including the section titled “Risk Factors” and “Material Developments” beginning on page 21 and 55 of the Shelf Prospectus and Tranche I Prospectus respectively. The Issuer and the Lead Managers accept no responsibility for statements made otherwise than in the offer documents or in the advertisement or any other material issued by or at the instance of the Company and that anyone placing reliance on any other source of information would be doing so at their own risk.

 DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE should not in any way be deemed or construed that the Prospectus has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause of the BSE.

 DISCLAIMER CLAUSE OF NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Prospectus has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause of the NSE.

 DISCLAIMER CLAUSE FOR USE OF BSE ELECTRONIC PLATFORM: It is to be distinctly

understood that the permission given by the BSE to use their network and software of the Online system should not in any way be deemed or construed as compliance with various statutory requirements approved by the Exchange; not does it in any manner warrant, certify or endorse the correctness or completeness of any of the compliance with the statutory and other requirements; nor does it take any responsibility for the financial or other soundness of this Company, its promoters, its management or any scheme or project of this Company.

 DISCLAIMER CLAUSE FOR USE OF NSE ELECTRONIC PLATFORM: It is to be distinctly

understood that the permission given by the NSE to use their network and software of the Online system should not in any way be deemed or construed as compliance with various statutory requirements approved by the Exchange; not does it in any manner warrant, certify or endorse the correctness or completeness of any of the compliance with the statutory and other requirements; nor does it take any responsibility for the financial or other soundness of this Company, its promoters, its management or any scheme or project of this Company.

 DISCLAIMER STATEMENT OF CRISIL RATINGS LIMITED

CRISIL Ratings Limited (CRISIL Ratings) has taken due care and caution in preparing the Material based on the inform at ion provided by its client and / or obtained by CRISIL Ratings from sources which it considers reliable (Information). A CR ISIL Ratings’ rating reflects CRISIL Ratings’ current opinion on the likelihood of timely payment of the obligations under the rated instrument and does not constitute an audit of the rated entity by CRISIL Ratings. CRISIL Ratings does not gu arantee the completeness or accuracy of the information on which the rating is based. A CRISIL Ratings’ rating is not a recommendation to buy, sell, or hold the rated instrument; it does not comment on the market price or suitability for a particular investor. The Rating is not a recommendation to invest / disinvest in any entity covered in the Material and no part of the Material should be construed as an expert advice or investment advice or any form of investment banking within the meaning of any law or regulation. CRISIL Ratings especially states that it has no liability whatsoever to the subscribers / users / transmitters/ distributors of the Material. Without limiting the generality of the foregoing, nothing in the Material is to be construed as CRISIL Ratings providing or intending to provide any services in jurisdictions where CRISIL Ratings does not have the necessary permission and/or registration to carry out its business activities in this regard. Indiabulls Housing Finance Limited will be responsible for ensuring compliances and consequences of non-com pliances for use of the Material or part thereof outside India. Current rating status and rating criteria by CRISIL Ratings are available without charge to the public on the CRISIL Ratings web site,  www.crisilratings.com. For the latest rating information on any instrument of any company rated by CRISIL Ratings, please contact Customer Service Helpdesk at 1800-267-1301.

 DISCLAIMER CLAUSE OF BRICKWORK RATINGS INDIA PRIVATE LIMITED

Brickwork Ratings (BWR) has assigned the rating based on the information obtained from the issuer and other reliable sources, which are deemed to be accurate. BWR has taken considerable steps to avoid any data distortion; however, it does not examine the precision or completeness of the information obtained. And hence, the information in this report is presented “as is” without any express or implied warranty of any kind. BWR does not make any representation in respect to the truth or accuracy of any such information. The rating assigned by BWR should be treated as an opinion rather than a recommendation to buy, sell or hold the rated instrument and BWR shall not be liable for any losses incurred by users from any use of this report or its contents. BWR has the right to change, suspend or withdraw the ratings at any time for any reasons.