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 :
Bidding for Shiva Granito Export Ltd IPO, a 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 IPO, a 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.
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