Lead Manager to Indiabulls Housing Finance Limited for their Public Issue of Secured & Unsecured NCDs

Public Issue - NCD

Service

September 2021

Date

Financial Institutions

Sector

INR 7,923 MN

Deal Value

Lead Manager to Indiabulls Housing Finance Limited for their Public Issue of Secured & Unsecured NCDs

Deal Highlights:

  • The Issue received an overwhelming response from investors. The Issue was subscribed 3.96 times of the Base Issue Size and 0.79 times of the Tranche I Issue Size
  • The Issue offered a diverse set of interest payment options like annual, monthly and at maturity to Investors with tenures ranging from 24 months to 87 months encompassing both the shorter and longer investment horizons

Our Contribution:

  • We managed to garner healthy participation from a varied set of investors
  • As Left Lead Manager, we hand-held the Company with end-to-end execution, swift regulatory approvals and timely launch in spite of significant changes in the regulatory framework
  • This is our back-to-back third successful NCD issue closure for a HFC within the first half of the current fiscal year; A great testimony of our understanding of HFCs