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

Lead Manager to IIFL Finance Limited for their Public Issue of Secured NCDs

The Issue received decent response from investors. The Issue was subscribed 1.34 times of the Base Issue Size and 0.13 times of the Tranche I Issue Size after considering the not banked cases and technical rejection cases
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 60 months encompassing both the shorter and longer investment horizons

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; A great testimony of our understanding of HFCs

The Issue received a decent response from all set of investors. It was subscribed 1.27 times of the Base Issue Size
The Issue was focused for a shorter investment horizon from 370 days to 36 months with yields ranging from 10.00% p.a. to 11.00% p.a.
~57% of the amount of deal for total NCDs allotted was from Category III & Category IV investors (individual investors)
One of the NBFCs focusing on providing transaction finance through digital platforms

Dhani Loans and Services Limited, being an NBFC focused on retail lending through digitization, we facilitated and led the positioning efforts of the Company
As Left Lead Manager, we hand-held the Company with end-to-end execution, swift regulatory approvals and timely launch

The Issue received an overwhelming response from investors. The Issue was subscribed 8.43 times of the Base Issue Size and 0.84 times of the Tranche II Issue Size
The Secured NCDs are issued in seven series with tenure of 24, 36 or 60 months. The frequency of interest payment will be monthly, cumulative or annual. The Secured NCDs under Series I to Series VII offer a fixed annualized yield of up to 8.75% p.a. to investors.

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
This is our back-to-back third successful NCD issue closure for IIFL Group in the current fiscal year