InvestorQ : Can you tell me about Indiabulls Housing fund raising of Rs.1000 crore?
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Can you tell me about Indiabulls Housing fund raising of Rs.1000 crore?

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Rashi Mehra answered.
3 months ago
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Indiabulls Housing Finance, one of India’s most aggressive housing finance companies, has announced the public issue of secured and unsecured, redeemable, NCDs worth Rs.1,000 crore. This will be the first tranche of the issue. Each NCD will have a face value of Rs.1,000 each.

The Tranche has a base size of Rs.200 crore but there is a Rs.800 crore Greenshoe option that Indiabulls has retailed allowing it to collect up to Rs.1,000 crore from the issue. There are multiple options for subscription and based on tenure and compounding, the coupon rates vary from a low of 8.05% to a high of 9.75% per annum.

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