Indiabulls Housing Finance is planning for almost 7000cr Fundraise and is highly undervalued.
Reasons:
1. The Company is shifting its Lending mix of retail and wholesale to a complete retail model.
2. The Company has degrown its book since last 2 years and the process is now reaching its final stage.
3. The Company is now ready for a big growth cycle.
4. The Company is partnering with companies like HDFC, RBL, Central Bank Of India, and many more to make a co-lending asset lite model.
5. Housing Finance in general is a less risky business because the asset worth most of the time is more than the loan provided because of which less NPA and Gross NPA.
6. And the most Important Point the real estate cycle has turned and in general, there is a big demand for housing in India.