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 a negative outlook), by Brickwork Ratings India Private Limited.
Edelweiss Financial Services Limited, IIFL Securities Limited and Trust Investment Advisors Private Limited are the Lead Managers of 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 the National Stock Exchange of India Limited.
Allotment in the public issue of debt securities should be made on the basis of the 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 a proportionate basis. For further details refer to the 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 of 6:00 PM on the Tranche I Issue closing date i.e. September 20, 2021
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