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Srei Infrastructure Finance Limited on Monday said that its public issue of secured, redeemable non-convertible debentures (NCDs), with a base issue of Rs 250 crore has been oversubscribed by 1.33 times, amounting to Rs 332.60 crore.
The issue had opened for subscription on September 29 this year and was closed on October 31.
According to release issued by Srei, it had filed the shelf prospectus for raising Rs 1,500 crore from the market, of which it has successfully launched the first tranche of Rs 250 crore.
“The over subscription indicates a growing retail appetite for secure investment products.... we will continue to periodically tap the market with NCDs,” J. Moses Harding, Group CEO, Liability and Treasury Management, Srei Infrastructure, was quoted in the release.
ICICI Securities Limited, A.K. Capital Services Limited, Edelweiss Financial Services Limited, SPA Capital Advisors Limited and Srei Capital Markets Limited are the Lead Managers to the Issue.
Karvy Investor Services Limited, Integrated Enterprises (India) Limited, RR Investors Capital Services Private Limited, SMC Capitals Limited and Bajaj Capital Limited are the Co-Lead Managers to the Issue.
Karvy Computer share Private Limited is the Registrar to the Issue.
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