Indiabulls Housing Finance's Rs 200 cr NCDs public issue oversubscribed 4 times

Indiabulls Housing Finance's Rs 200 cr NCDs public issue oversubscribed 4 times

ANIUpdated: Tuesday, September 21, 2021, 06:05 PM IST
article-image
Indiabulls Housing Finance said the NCD issue saw healthy demand in retail category of investors with a total collection of Rs 807.83 cr/ Representational image | Photo credit: CNBCTV

Indiabulls Housing Finance Ltd (IBHFL) said on Tuesday 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.

It said the issue saw healthy demand in retail category of investors with a total collection of Rs 807.83 crore. The issue also saw good interest from its existing NCD investors.

Overall, the tranche one issue saw interest from investors across series and tenures offering annual, monthly and cumulative interest options.

Edelweiss Financial Services, IIFL Securities and Trust Investment Advisors were lead managers to the NCD issue, which opened on September 6 and closed on September 20.

RECENT STORIES

India's Auto Sector Eyes 6-8% Growth In 2026 Amid GST Boost & Regulatory Pressures

India's Auto Sector Eyes 6-8% Growth In 2026 Amid GST Boost & Regulatory Pressures

Rupee Strengthens For Second Day After Hitting Lows, RBI Support & Better Trade Data Lift Sentiment

Rupee Strengthens For Second Day After Hitting Lows, RBI Support & Better Trade Data Lift Sentiment

Gold Hits Record High On Safe-Haven Buying, Rate Cut Hopes & Global Uncertainty

Gold Hits Record High On Safe-Haven Buying, Rate Cut Hopes & Global Uncertainty

Stock Markets Open Strong On Monday, Sensex & Nifty Rise On Foreign Buying & Global Cheer

Stock Markets Open Strong On Monday, Sensex & Nifty Rise On Foreign Buying & Global Cheer

IPO Market Buzz In The Year’s Final Week, 11 New Issues To Open With Strong SME Dominance

IPO Market Buzz In The Year’s Final Week, 11 New Issues To Open With Strong SME Dominance