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

06:05 PM Sep 21, 2021 | ANI

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.

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

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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.

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