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

Public Issue - NCD

Service

May 2022

Date

Financial Institutions

Sector

INR 1,337 MN

Deal Value

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

Deal Highlights:

  • 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

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; A great testimony of our understanding of HFCs