Issue Highlights:

Issue Opens	Thursday, September 15, 2016	Issue Price	Rs. 1000/- per NCD
Issue Closes	Friday, September 23, 2016	Face Value	Rs. 1000 per NCD
Registrar	Karvy Computershare Private Ltd.	Minimum Application	Rs. 10,000 (10 NCDs) and in multiple of Rs. 1,000 (1 NCD) thereafter across all series
Listing On	BSE & NSE	Debenture Trustee	IDBI Trusteeship Services Ltd.
Credit Ratings	"CARE AAA" by CARE and "BWR AAA" by BRICKWORK
Lead Managers	Edelweiss Financial Services Ltd., Yes Securities (India) Ltd., A. K. Capital Services Ltd., Axis Bank Ltd., IIFL Holdings Ltd., Indusind Bank Ltd., SBI Capital Markets Ltd. & Trust Investment Advisors Private Ltd.
Issue Size	Base issue of Rs.35,000 million with an option to retain oversubscription up to Rs. 35,000 million aggregating up to Rs. 70,000 million

*Effective Yield (per annum) For NCD holders

SECURED NCDs								UNSECURED NCDs**
Series	I	II	III	IV	V	VI	VII	VIII	IX	X
Frequency of Interest Payment	Annual	Cumulative	Annual	Cumulative	Monthly	Annual	Cumulative	Monthly	Annual	Cumulative
Tenure	3 years		5 years		10 Years			10 Years
Category I & II	8.55%		8.75%		8.85%			9.00%
Category III	8.65%		8.90%		9.00%			9.15%
Category IV	8.70%		8.90%		9.00%			9.15%

Business Overview:

The company is one of the largest housing finance companies ("HFCs") in India. They are a non-deposit taking HFC registered with the NHB. They are also a notified financial institution under the SARFAESI Act.

They focus primarily on long-term secured mortgage-backed loans. They offer housing loans and loans against property to their target client base of salaried and self-employed individuals and small and medium-sized enterprises. They also offer mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance for the construction of residential premises. The majority of their assets under management ("AUM") comprise housing loans, including in the affordable housing segment. For the Fiscal Year 2016, their housing loans were disbursed at an average ticket size of Rs. 2.5 million, with an average LTV ratio of 71% (at origination).

As of March 31, 2016, they had offices spread across over 110 locations in India. They also have two representative offices in Dubai and London to target NRI clients. Their offices include their head office, master service centres, branch offices and service centres. Their network gives them a pan-India presence across Tier I, Tier II and Tier III cities in India. Their network also allows them to interact with and service their customers at the local level whilst ensuring that credit decisions are taken only at regional hubs in accordance with defined internal parameters and protocols. As of March 31, 2016, they had a direct sales team of over 2,500 employees who were located across their network. This sales team is instrumental in sourcing the majority of their customers. They also rely on external channels, such as direct sales agents for referring potential customers.

Objects for issue:

Their company proposes to utilise the funds which are being raised through the Issue, after deducting the Issue related expenses to the extent payable by their company ("Net Proceeds"), towards funding the following objects (collectively, referred to herein as the "Objects"):

1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company

2. General corporate purposes

Allotment is on First Come First Serve Basis

Click here to download the prospectus of this NCD Issue.

Category I includes Institutional Investors | Category II includes Non Institutional Investors | Category III includes Individuals