1.Company Information

Incorporated in 2005, the company engages in providing mortgage lending services. Indiabulls Housing Finance Limited is one of the largest housing finance companies in India and is the flagship company of Indiabulls Group. The company offers various services like Home Loans, Home Renovation Loans, Rural Home Loans, and Home Extension Loans among others.

As of September 30, 2022, The company has a network of 164 branches spread across India, which gives us a pan-India presence and allows us to interact with and service the customers. As of September 30, 2022, the company have a direct sales team of 2,200 employees who were located across the network.

The company has a long-term credit rating of ""AA; Outlook Stable"" from CRISIL and ICRA, ""AA; Outlook Negative"" from CARE Ratings and ""AA+; Outlook Stable"" from Brickwork Ratings for non-convertible debentures and subordinated debt programme.

2. Objective of the Issue

(a)For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company.
(b)General corporate purposes.

3.STRENGTHS

(i)   One of the largest pan-India HFCs with strong financial performance and credit ratings
(ii)   Access to diversified funding sources
(iii)  Prudent credit and collection policies
(iv)  Effective use of technology
(v)  Expertise in Providing Loans to Self-Employed Individuals and MSMEs
(vi)  Experienced Board of Directors and Senior Management Team

4. Ratings

CRISIL AA/Stable” (pronounced as CRISIL double A rating with stable outlook), byCRISIL Ratings Limited and “[ICRA] AA (Stable)” (pronounced as ICRA double A rating with a stable outlook) by ICRA Limited