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Indiabulls Housing Finance (IHFL) Files For Rs 7000 Cr NCDs

Indiabulls Housing Finance (IHFL) Files Draft Shelf Prospectus (DSP) For NCDs Of Rs 7000 Crore:

Indiabulls Housing Finance (IHFL) has filed Draft Shelf Prospectus (DSP) on August 19, 2016. It will be a public issue by Indiabulls Housing Finance (IHFL) of secured redeemable non-convertible debentures (NCDs) and unsecured redeemable non-convertible debentures (NCDs) of face value Of Rs 1,000/- each.

Base issue will be of up to Rs 35,000 Million with an option to retain over-subscription up to Rs 35,000 Million for issuance of additional Ncds aggregating up to Rs 70,000 Million.

Their promoter is Mr. Sameer Gehlaut.

The NCDs proposed to be issued under this Issue have been rated CARE AAA (Triple A) for an amount of Rs 70,000 million, by Credit Analysis & Research Ltd. (CARE). It has also got rating of BWR AAA with stable outlook an amount of Rs 70,000 million, by Brickwork Ratings India Private Limited (Brickwork).

Yes Securities (India) Limited, Edelweiss Financial Services Limited, A. K. Capital Services Limited, Axis Bank Limited, IIFL Holdings Limited, Indusind Bank Limited, SBI Capital Markets Limited and Trust Investment Advisors Private Limited will be the lead manager of the issue. While IDBI Trusteeship Services Limited will be the Debenture Trustee of the issue.

Karvy Computershare Pvt Ltd will be the registrar of the issue.

Indiabulls Housing Finance (IHFL) NCD Draft Shelf Prospectus :

Indiabulls Housing Finance (IHFL) NCD

Market Update:

After Successful listing of Dilip Buildcon Bank IPO,  S.P. Apparels IPO  also list successfully on NSE & BSE on August 12, 2016.

RBL Bank IPO is Bidding has already close today that is August 23, 2016. Now RBL Bank IPO Allotment and Listing will be in process.

Bidding for Shiva Granito Export Ltd IPOa BSE SME IPO is also going to start from August 23, 2016 to  August 29, 2016. While bidding for one more BSE SME IPO Mitsu Chem Plast Ltd IPO going to start from  August 26, 2016 to  August 31, 2016.

Bidding for another IPO Madhya Bharat Agro Products Ltd IPOa NSE SME IPO will start from August 29, 2016.

There are some good stocks in Pipeline this year including BSE itself coming with its own IPO. BSE will be selling its shares on index and traded on exchange.

Other some important IPO’s to looked upon are ICICI Prudential Life Insurance IPO and HDFC Standard Life IPO etc.

So Keep watching this blog to keep yourself updated with all the news.

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  1. pl. email. the prospectus to me.

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