Indiabulls Housing Finance ltd on Saturday said it has raised Rs3,996.79 crore by allotting over 5.69 crore shares to qualified institutional buyers (QIBs).
The board of the company earlier this week had approved the issue price of Rs702 for the allotment to the eligible QIBs, which was at a discount of up to 5 per cent against the floor price of Rs738.64.
The issue had opened on Tuesday while it closed on Friday, the company said in a filing on BSE.
“The issue price of Rs702 per equity share at which equity shares will be allotted in the issue and is approved and the Securities Issue Committee is authorised to issue and allot up to 56,934,372 equity shares in the issue aggregating up to Rs39,967.9 million,” it said in the filing.
“Considering a discount of up to 5 per cent to the floor price, the Securities Issue Committee approved the issue price of Rs702 in connection with the issue, to be allotted to eligible qualified institutional buyers in the issue,” the filing said.