Indiabulls Housing Finance launches QIP; sets floor price at Rs 206.70 per share

10 Sep 2020 Evaluate

Indiabulls Housing Finance has launched its QIP (qualified institutional placement) and set the floor price at Rs 206.70 per equity share for the issue. The Securities Issuance Committee of the company's board at a meeting held on September 9, 2020 approved the floor price.

The Securities Issuance Committee will have a meeting on September 14, 2020 to approve the issue price, including a discount, if any, for the equity shares to be allotted to the qualified institutional buyers.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).

Sammaan Capital Share Price

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Peers
Company Name CMP
LIC Housing Finance 584.90
Housing & Urban Dev. 232.35
Bajaj Housing Financ 126.95
Sammaan Capital 149.90
PNB Housing Finance 846.65
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