Indiabulls Housing To raise Rs 7,000 cr via NCDs:
As Indiabulls Housing Finance has successfully raised Rs 7000 crore from its first issue of NCDs it is again planning for its second issue worth Rs 7000 crore.
The Bond Issue Committee of the company… approved the issue and allotment of secured redeemable non-convertible debentures and unsecured redeemable non-convertible debentures of face value of Rs.1,000 each, to base issue of Rs. 3,500 crore with an over-subscription up to Rs. 3,500 crore for issuance of additional NCDs aggregating up to Rs. 7,000 crore,” Indiabulls Housing Finance said in a regulatory filing.
The dNCDs are expected to carry a coupon rate in the range of 8.55-9.15 per cent.
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ICICI Prudential Life Insurance IPO subscription has successfully close on September 21, 2016. Now ICICI Prudential IPO Allotment and Listing will be in process.
One more main stream IPO, HPL Electric & Power Ltd IPO will open September 22,2016 and will close on September 26, 2016.
1 NSE SME IPO, AVSL Industries Ltd is going to launch from September 15, 2016 – September 28, 2016.
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Current Grey Market Premium (GMP) of ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) is between Rs 22 – Rs 25 per equity share.
GNA Axles Ltd IPO (GNA Axles IPO) Grey Market Premium (GMP) between Rs 45 – Rs 50 per equity share. While HPL Electric & Power Ltd IPO (HPL Electric IPO) Grey Market Premium (GMP) is still not active in market.