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Informist, Monday, Dec. 15, 2025

By Vaishali Tyagi

MUMBAI – Tata Chemicals Ltd. plans to raise INR 15 billion by issuing bonds maturing on Dec. 15, 2028, and has invited bids for the same Tuesday, dealers said. Bidding for the bonds will take place on the National Stock Exchange's electronic platform from 1030 IST to 1130 IST.

The bonds carry a fixed coupon of 7.06%, payable annually. The bonds, rated 'AA+' by Crisil Ratings, will be allotted Wednesday. ICICI Bank and BNP Paribas are the arrangers for the issue. ICICI Bank has made anchor investment of INR 3 billion and BNP Paribas invested INR 1.5 billion.

Tata Chemicals reported a consolidated net profit of INR 770 million for the September quarter, down over 60% on year. At 1223 IST, shares of the company were at INR 761.50 on National Stock Exchange, up 0.4% from Friday.

LAST WEEK

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MUTHOOT MICROFIN

Muthoot Microfin Ltd. plans to raise INR 1.5 billion through two different bonds and has invited bids for the same Dec. 15, dealers said. The bonds have an 'A+' rating by CRISIL Rating and Research and will be allotted Dec. 16. A.K Capital Services is the arranger of the issuance.

The company will raise INR 750 million each from the two bonds, both maturing on Dec. 16, 2027. The bidding for bonds with a fixed coupon of 9.85% will take place between 0930 IST and 1030 IST and that for bonds with a fixed coupon of 9.95% will take place from 1000 IST to 1100 IST. The coupon will be paid on a monthly basis. 

IIFL FINANCE

IIFL Finance Ltd. plans to raise up to INR 1 billion by issuing bonds maturing on Dec. 18, 2028, and has invited bids Dec. 15, dealers said. Bidding for the bonds will take place on the National Stock Exchange's electronic platform from 1000 IST to 1100 IST.

The issue has a base size of INR 250 million and a greenshoe option of INR 750 million. The bonds carry a fixed coupon of 8.50%, payable annually. The bonds, rated "AA" by Crisil Ratings, will be allotted Dec. 16.

For the September quarter, IIFL Finance reported a net profit of INR 3.76 billion on a revenue of INR 33.05 billion. 

UGRO CAPITAL

Ugro Capital Ltd. plans to raise up to INR 1.50 billion by issuing bonds maturing on Jun. 16, 2029, and has invited bids for the same on Dec. 15, dealers said. Bidding for the bonds will take place on BSE's electronic platform from 1400 IST to 1530 IST.

The issue has a base size and a greenshoe option of INR 750 million each. The bonds carry a fixed coupon of 9.99%, payable monthly. The bonds rated 'A+' by INDIA Ratings and Research will be allotted Dec. 16.  

JAYASWAL NECO INDUSTRIES

Jayaswal Neco Industries Ltd. Dec. 12 allotted non-convertible debentures of INR 18 billion through non-convertible debentures on a private-placement basis, the company informed the National Stock Exchange Dec. 12. The date of maturity of the non-convertible debentures is Nov. 23, 2031.  

The issue size was INR 18 billion and was fully subscribed. The company issued unlisted, unrated, secured, redeemable, fully paid-up non-convertible debentures of face value of INR 100,000 on Dec. 12. Tata Capital received 80,000 non-convertible debentures worth INR 8 billion, highest share compared to other nine debenture holders. 

For the September quarter, the company reported net profit of INR 1.05 billion on a revenue of INR 17.81 billion.

CREDILA FINANCIAL SERVICES

Credila Financial Services Ltd. plans to raise up to INR 10 billion through two series of bonds of INR 5 billion, each, Dec. 12. Series A bonds will mature on Jun. 15, 2027 while Series B will mature on Mar. 15, 2028. Bidding for both bonds will take place on BSE's electronic platform from 1030 IST to 1130 IST. 

The Series A issue has a base size of INR 1.5 billion and a greenshoe option of INR 3.5 billion and series B issue has a base and greenshoe option of INR 2.5 billion each. The coupon for the bonds are yet to be decided and will be payable annually. Both bonds, rated 'AA+' by Crisil Ratings, will be allotted Dec. 15 ICICI Bank is the arranger for the Series A issuance and Nuvama Wealth Management is the arranger for Series B.

FUSION FINANCE

Fusion Finance Ltd. plans to raise up to INR 1.6 billion by issuing bonds maturing on Dec. 16, 2028, and has invited bids Dec. 12, dealers said. Bidding for the bonds will take place on the BSE's electronic platform from 1000 IST to 1600 IST.

The bonds carry a fixed coupon of 10.95%, payable half yearly. The bonds, rated 'A-' by ICRA Ratings, will be allotted Dec. 16. 

NEXUS SELECT TRUST

Nexus Select Trust plans to raise INR 7 billion through bonds on Dec. 12, dealers said. The company will raise the funds in two tranches. In the first tranche, the company plans to raise INR 5 billion through bonds maturing in 10 years. The bonds carry a fixed coupon of 6.98%, payable quarterly. In the second tranche, the company plans to raise INR 2 billion via similar 10-year bonds. However, these bonds carry a coupon at a spread of 1.61 basis points over the 3-month MIBOR, payable quarterly.

Bidding for the both bonds will take place on BSE's electronic platform – from 1205 IST to 1305 IST and tranche B from 1000 IST to 1100 IST. Both bonds are rated 'AAA' by Crisil Ratings, will be allotted Dec. 15. ICICI Bank and ICICI Securities Primary Dealership Ltd. are the arrangers for the issue. International Finance Corp. has made an anchor investment of INR 100 million.

MAC CHARLES HUB PROJECTS

Mac Charles Hub Projects Pvt. Ltd. plans to raise INR 2.15 billion through zero coupon bonds maturing on Dec. 15, 2030, and has invited bids for the same Dec. 15, dealers said. Bidding for the bonds will take place on BSE's electronic platform from 1200 IST to 1300 IST. The bonds, rated "BB+" by India Ratings and Research, will be allotted Dec. 16. They carry a put option on Dec. 16, 2028, and a call option on Dec. 16, 2026.

HDFC LIFE INSURANCE

HDFC Life Insurance Co. Ltd. plans to raise up to INR 7.5 billion by issuing 10-year bonds maturing on Dec. 15, 2035, and has invited bids for the same Dec. 12, dealers said. Bidding for these bonds will take place on the National Stock Exchange electronic bidding platform from 1030 IST to 1130 IST.

The issue has a base size of INR 7 billion and a greenshoe option of INR 500 million. The bonds, which are rated 'AAA' by CARE Ratings, will be allotted Dec. 15. The bonds carry a fixed coupon of 7.63%, payable annually. 

The bonds carry a call option that can be exercised after five years from the date of allotment and every year thereafter for four years till 2034. The first call option can be exercised on Dec. 16, 2030 and the other four can be exercised on the same date for next four years.

HDFC Bank Ltd. and Trust Investment Advisors Pvt. Ltd. are the arrangers for the issuance. Trust Investment Advisors Pvt Ltd has made an anchor investment of INR 140 million, Axis Pension Fund Management Ltd made an anchor investment of INR 340 million, Bengani Leasing and Finance Pvt Ltd made anchor investment of INR 140 million, Kotak Mahindra Pension Fund Ltd made an anchor investment of INR 80 million, UTI Pension Fund made an anchor investment of INR 700 million, and SBI Portfolio Manager of SBI Employees Pension Fund made an anchor investment of INR 700 million.

For the September quarter, HDFC Life Insurance Co. reported a net profit of INR 4.47 billion on net premium income of INR 187.77 billion.

POWER GRID CORP.

Power Grid Corp. of India Ltd. Dec. 11 set a coupon of 7.02% on bonds maturing in 10 years and accepted bids aggregating to INR 37.04 billion, dealers told Informist. The company had planned to raise INR 25 billion. The issue had a base size of INR 10 billion and a greenshoe option of INR 28 billion.

The bonds, rated 'AAA' by CARE Ratings, will be allotted Dec. 12. According to the bid book accessed by Informist, the company received 49 bids totalling INR 73.34 billion, with coupon ranging from 6.75% to 7.50%. The company had reported a net profit of INR 35.55 billion for the September quarter, down 4% on year.

IIFL FINANCE

IIFL Finance Ltd.'s board Dec. 11 approved raising up to INR 1 billion through issuance of non-convertible debentures, the company informed the exchanges. The debentures are proposed to be listed on the National Stock Exchange.

The issue has a base size of INR 250 million and a greenshoe option of INR 750 million. IIFL Finance reported a consolidated net profit of INR 3.76 billion for the September quarter on revenue of INR 33.05 billion. 

KEERTANA FINSERV LTD.

Keertana Finserv Ltd. plans to raise up to INR 1.5 billion by reissuing bonds maturing on Jan. 15, 2027, and has invited bids on Dec. 11, dealers said. Bidding for the bonds will take place on BSE's electronic platform from 1100 IST to 1500 IST. The issue has a base size of INR 250 million and a greenshoe option of INR 1.25 billion. The bonds carry a fixed coupon of 11.40%, payable monthly. The bonds rated 'BBB+' by INDIA Ratings and Research.

MUTHOOT FINCORP

Muthoot Fincorp Ltd. plans to raise up to INR 1 billion by issuing three-year bonds maturing on Dec. 12, 2028, and has invited bids for the same Dec. 11, dealers said. Bidding for these bonds will take place on the BSE's electronic bidding platform from 1130 IST to 1530 IST.

The issue has a base size of INR 750 million and greenshoe option of INR 250 million. The bonds, which are rated 'AA-' by Crisil Ratings, will be allotted Dec. 12. The bonds carry a fixed coupon of 8.80%, payable monthly.

HOUSING AND URBAN DEVELOPMENT CORP.

Housing and Urban Development Corp. Ltd. Dec. 10 set a coupon of 6.98% on seven-year bonds maturing on Dec. 12, 2032, and accepted bids aggregating to INR 19.05 billion, dealers told Informist. The company had planned to raise INR 25 billion. The issue, with a base size of INR 10 billion and a greenshoe option of INR 15 billion, was fully subscribed.

The bonds, rated 'AAA' by CARE Ratings, will be allotted Dec. 12. According to the bid book accessed by Informist, the company received 50 bids totalling INR 38.20 billion, with coupon rates ranging from 6.90% to 7.50%. At 1517 IST, shares of the company were down 1% at INR 211.30 on the National Stock Exchange. HUDCO had reported a net profit of INR 7.10 billion for the September quarter on a revenue of INR 32.19 billion.

BANK OF INDIA

Bank of India Dec. 10 set a coupon of 7.28%, payable annually, on 10-year Basel-III compliant additional tier-II bonds, and accepted bids aggregating to INR 25 billion, dealers told Informist. The issue, which had a base size of INR 10 billion and a greenshoe option of INR 15 billion, was fully subscribed.

The bonds, rated 'AA+' by CARE Ratings, will be allotted Dec. 12. The bonds have a call option which can be exercised five years from the date of allotment or any anniversary date thereafter. According to the bid book accessed by Informist, the company received 68 bids totalling INR 49.82 billion, with coupon rates ranging from 7.10% to 7.54%.

For the quarter ended September, Bank of India had reported a net profit of INR 25.55 billion on a total income of INR 206.26 billion.

MOTILAL OSWAL FINANCIAL SERVICES

Motilal Oswal Financial Services Ltd. plans to raise INR 3 billion through the issuance of bonds maturing on Dec. 12, 2028, and has invited bids on Dec. 11, dealers said. Bidding for the bonds will take place on the National Stock Exchange's electronic platform from 1000 IST to 1100 IST, dealers said.

The bonds, rated 'AA' by Crisil Ratings, will be allotted Dec. 12. The bonds carry a fixed coupon of 8.15%, payable annually. The company has secured anchor investment of INR 900 million from ICICI Prudential Mutual Fund.

For the September quarter, Motilal Oswal Financial Services reported a consolidated net profit of INR 3.62 billion on revenue of INR 18.49 billion.

POWER GRID CORP.

Power Grid Corp. of India Ltd. plans to raise up to INR 38 billion by issuing bonds maturing in 10 years and has invited bids on Dec. 11, dealers said. Bidding for the bonds will take place on BSE's electronic platform from 1100 IST to 1200 IST, dealers said.

The issue has a base size of INR 10 billion and a greenshoe option of INR 28 billion. The coupon on the bonds, which will be paid annually, is yet to be decided. The bonds are rated 'AAA' by CARE Ratings.  

For the September quarter, Power Grid Corp. reported a net profit of INR 35.55 billion, down 4% on year. On Dec. 9, the company's shares ended 0.3% lower at INR 264.55 on the National Stock Exchange. 

SAMMAAN CAPITAL

Sammaan Capital Ltd. Dec. 9 said it has allotted Series-I and Series-II non-convertible debentures aggregating to INR 3 billion, both maturing on Dec. 9, 2030, on a private placement basis. The issue size of the Series-I was INR 2 billion. The coupon on the debentures, payable annually, is 8.7923%. The issue size of the Series-II was INR 1 billion with the coupon on the debentures being 8.8570%, payable annually, Sammaan Capital said in a notice to the exchanges.

The debentures are proposed to be listed on the BSE and National Stock Exchange. Sammaan Capital had reported a consolidated net profit of INR 3.08 billion for the September quarter on a revenue of INR 22.51 billion.

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA

Small Industries Development Bank of India Dec. 9 scrapped its issue of bonds maturing on Apr. 11, 2029, as investors demanded a higher coupon, dealers told Informist. The issue had a base size of INR 20 billion and a greenshoe option of INR 60 billion. The bonds are rated 'AAA' by CRISIL Ratings.

According to the bid book accessed by Informist, the company received 75 bids totalling INR 87.95 billion, with coupon rates ranging from 6.67% to 6.99%. The market had expected the cut-off rate to be around 6.87%, while the company expected the coupon to be around 6.76%, market participants said.

On Nov. 25, the financial institution had raised INR 59.35 billion by issuing bonds maturing on Jan. 10, 2029 at a coupon of 6.74%, payable annually.

HINDUJA LEYLAND

Hinduja Leyland Finance Ltd. plans to raise up to INR 2.5 billion by issuing bonds maturing on Jul. 9, 2031, and has invited bids Dec. 10, dealers said. Bidding for these bonds will take place on the BSE's electronic bidding platform from 1100 IST to 1200 IST. The issue has a base size of INR 1.5 billion and a greenshoe option of INR 1 billion. The bonds, rated 'AA+' by CARE Ratings, will be allotted Dec. 11. The bonds carry a fixed coupon of 9.25%, payable annually. AK Capital is the arranger for the issue.

POWER FINANCE CORP.

Power Finance Corp. Ltd. has scrapped issuance of 15-year bonds maturing on Dec. 11, 2040, as investors demanded higher coupon, dealers said. The issuance, which got scrapped, had a base size of INR 6 billion and a greenshoe option of INR 29 billion. The bonds were rated 'AAA' by Crisil Ratings. 

On Nov. 25, the state-owned company had planned to raise up to INR 30 billion through the reissuance of bonds maturing on Apr. 13, 2029, but scrapped it due to investors seeking higher coupon rate. Also, on the same day, the company raised INR 30 billion through the issuance of 10-year bonds maturing on Nov. 27, 2035. 

In the September quarter, the company's net profit inched up 2% on year to INR 44.62 billion with revenue of INR 89.63 billion.

NAMDEV FINVEST

Namdev Finvest Pvt Ltd. plans to raise INR 1.8 billion through issuance of five-year bonds maturing on Dec. 11, 2030, and has invited bids Dec. 10, dealers said. Bidding for these bonds will take place on the BSE's electronic bidding platform from 1300 IST to 1500 IST.

The bonds, rated 'BBB+' by CARE Ratings, will be allotted Dec. 11. The bonds carry a fixed coupon of 11.55%, payable half yearly. 

SHRIRAM FINANCE

Shriram Finance Ltd. has allotted non-convertible debentures worth INR 750 million on a private placement basis, the company informed the exchanges Dec. 8. The debentures, which are proposed to be listed on the BSE, will mature on Dec. 8, 2032. The company set a cut-off yield of 7.60% on these debentures, payable annually.

The issue had a base size of INR 500 million and a greenshoe option of INR 1 billion. Shriram Finance had reported a net profit of INR 23.07 billion for the September quarter on revenue of INR 119.08 INR billion. 

INDIAN RAILWAY FINANCE

Indian Railway Finance Corp. Ltd. plans to raise INR 50 billion through issuance of 10-year zero-coupon bonds, dealers told Informist. The state-owned company has invited bids for the same on Dec. 15 between 1030 IST and 1130 IST. The bidding will take place on the National Stock Exchange's electronic platform. 

The issue has a base size of INR 10 billion and a greenshoe option of INR 40 billion. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Dec. 17.

The company's net profit for the September quarter rose over 10% on year to INR 17.77 billion. 

HDFC LIFE INSURANCE

HDFC Life Insurance CO. Ltd.'s board has approved raising up to INR 7.5 billion through issuance of non-convertible debentures, the company informed exchanges. The debentures are proposed to be listed on the National Stock Exchange's bidding platform.

The issue has a base size of INR 7.0 billion and a greenshoe option of INR 500 million. HDFC Life had reported consolidated net profit of INR 4.47 billion for the September quarter, with net premium income of INR 187.77 billion. 

BANK OF INDIA

Bank of India plans to raise up to INR 25 billion by issuing Basel-III compliant additional tier-II bonds maturing in 10 years, dealers said. The bank has invited bids for the same Dec. 10. Bidding for the bonds will take place on an electronic platform from 1100 IST to 1200 IST, dealers said.

The issue has a base size of INR 10 billion and a greenshoe option of INR 15 billion. The coupon on the bonds, which will be paid annually, is yet to be decided. The bonds are rated 'AA+' by CARE Ratings.

The bonds have a call option which can be exercised five years from the date of allotment or any anniversary date thereafter. For the quarter ended September, Bank of India had reported a net profit of INR 25.55 billion on a total income of INR 206.26 billion.

ANNAPURNA FINANCE

Annapurna Finance Pvt. Ltd. plans to raise INR 2.6 billion through bonds maturing on Dec. 10, 2030, and has invited bids Dec. 9, dealers said. Bidding for these bonds will take place on BSE's electronic bidding platform from 1200 IST to 1400 IST.

The bonds, rated 'A-' by Crisil Ratings, will be allotted Dec. 10. The bonds carry a fixed coupon of 10.015%, payable half-yearly.

STANDARD CHARTERED CAPITAL

Standard Chartered Capital Ltd. plans to raise INR 2.5 billion through the issuance of bonds maturing on Jan. 9, 2029, and has invited bids Dec. 9, dealers said. Bidding for these bonds will take place on the BSE's electronic bidding platform from 1100 IST to 1200 IST.

The bonds, rated 'AAA' by CRISIL Ratings, will be allotted Dec. 10. The bonds carry a fixed coupon of 7.30%, payable annually.

LAST FORTNIGHT

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KEERTANA FINSERV 

Keertana Finserv Ltd. plans to raise up to INR 1.4 billion through the reissuance of bonds maturing on Dec. 11, 2026, and has invited bids on Dec. 8, dealers said. Bidding for these bonds will take place on BSE's electronic bidding platform from 1100 IST to 1500 IST. The issue has a base size of INR 250 million and a greenshoe option of INR 1.15 billion

The bonds, rated 'BBB+' by India Ratings and Research, will be allotted Dec. 9. The bonds carry a fixed coupon of 11.20%, payable monthly. Aspero Markets Pvt. Ltd. is the arranger for the issuance.

RJ CORP

RJ Corp Ltd. plans to raise INR 9.90 billion through bonds maturing on Dec. 8, 2028, and has invited bids Dec. 9, dealers said. Bidding for these bonds will take place on the BSE's electronic platform from 1200 IST to 1300 IST.

The bonds carry a fixed coupon of 7.25%, payable annually. The bonds, rated 'AAA' by Crisil Ratings, will be allotted Dec. 10. The bonds have two call options, exercisable on Dec. 10, 2027 and Jun. 9, 2028.

Kotak Mahindra Bank is the arranger for the issuance. The issuance received an anchor investment of INR 470 million each from SBI Equity Hybrid Fund, Aditya Birla Sun Life Insurance, HDFC Hybrid Debt Fund, Kotak Bonds, AXIS Liquid Fund, and Franklin Templeton Mutual Fund. The issuance also got an anchor investment of INR 150 million from Invesco India Liquid Fund. 

SAMMAAN CAPITAL

Sammaan Capital Ltd. plans to raise up to INR 4 billion through two bonds maturing on Dec. 9, 2030, and has invited bids Dec. 8, dealers said. Bidding for these bonds will take place on the BSE's electronic bidding platform from 1200 IST to 1400 IST. The bonds, rated 'AA' by Crisil Ratings, will be allotted Dec. 9.

The company plans to raise up to INR 2 billion from Series I bonds which carry a fixed coupon of 8.79%, payable monthly. This issue has a base size of INR 500 million and a greenshoe option up to INR 1.50 billion.

The company will also raise up to INR 2 billion from Series II bonds which carry a fixed coupon of 8.86%, payable quarterly. This issue has a base size of INR 500 million and a greenshoe option up to INR 1.50 billion.

Sammaan Capital reported a consolidated net profit of INR 3.08 billion for the September quarter and revenue of INR 22.51 billion.

PUNJAB HOUSING FINANCE

Punjab Housing Finance Dec. 5 allotted non-convertible debentures worth INR 2.45 billion on a private placement basis, the company informed the exchanges. The debentures are proposed to be listed on BSE and will mature on Jun. 5, 2028. The company set a cut-off yield of 7.28% on these debentures, payable annually.  

The issue has a base size of INR 1 billion and a greenshoe option of INR 3 billion. YES Bank is the arranger for the issuance, and also anchor investor for the issuance of an amount of INR 300 million.

PNB Housing Finance had reported consolidated net profit of INR 5.82 billion for the September quarter, up 24% on year. Sequentially, the net profit rose 9.0%. 

INCRED FINANCIAL SERVICES

InCred Financial Services Ltd. plans to raise up to INR 1 billion through bonds maturing on Dec. 6, 2027, and has invited bids Dec. 5, dealers said. Bidding for these bonds will take place on the BSE's electronic bidding platform from 1100 IST to 1500 IST.

The bonds, rated 'AA-' by Crisil Ratings, will be allotted Dec. 8. The bonds carry a fixed coupon of 8.80%, payable quarterly. The issuance has a base size and a greenshoe option of INR 500 million each. Aspero Markets Pvt. Ltd. is the arranger for the issuance.

 
SHRIRAM FINANCE

Shriram Finance Ltd. plans to raise up to INR 1.50 billion through seven-year bonds maturing on Dec. 8, 2032, and has invited bids Dec. 5, dealers said. Bidding for these bonds will take place on the National Stock Exchange's electronic bidding platform from 1000 IST to 1100 IST.

The bonds, rated 'AA+' by Crisil Ratings, will be allotted Dec. 8. The bonds carry a fixed coupon of 7.60%, payable annually. The issue has a base size of INR 500 million and a greenshoe option of INR 1 billion. Shriram Finance reported a consolidated net profit of INR 23.07 billion for the September quarter.

TATA HOUSING DEVELOPMENT

Tata Housing Development Co. Ltd. will raise INR 7.5 billion through bonds maturing on Dec. 8, 2028 and has invited bids Dec. 5, dealers said. Bidding for these bonds will take place on the BSE's electronic bidding platform from 0900 IST to 1000 IST.

The bonds, rated 'AA' by CARE Ratings, will be allotted Dec. 9. The bonds carry a fixed coupon of 7.51%, payable annually. The bonds carry both call and put options. The issuance got an anchor investment of INR 2.25 billion from SBI Equity Hybrid Fund.

PNB HOUSING FINANCE

PNB Housing Finance Ltd. plans to raise up to INR 4 billion through the issuance of bonds maturing on Jun 5, 2028, and has invited bids for the same Dec. 4, dealers said. Bidding for these bonds will take place on the National Stock Exchange's electronic bidding platform from 1130 IST to 1230 IST.

The issue has a base size of INR 1 billion and a greenshoe option of INR 3 billion. The bonds, rated 'AA+' by CARE Ratings, will be allotted Dec. 5. The bonds carry a fixed coupon of 7.28%, payable annually. YES Bank is the arranger for the issuance and it is also an anchor investors for the issuance for an amount of INR 300 million.

PNB Housing Finance Ltd. had reported the consolidated net profit of INR 5.82 billion, up 24% on year. Sequentially, the net profit rose 9.0%. 

KOLTE-PATIL DEVELOPERS

Kolte-Patil Developers Ltd. plans to raise INR 1.10 billion through zero-coupon bonds maturing on Oct. 30, 2035, and has invited bids for the same Dec. 4, dealers said. Bidding for the bonds will take place on the BSE's electronic bidding platform between 0900 IST and 1300 IST.

The bonds, rated 'AA-' by CARE Ratings, will be allotted Dec. 5. They carry a put option.

MINDSPACE BUSINESS PARKS REIT

Mindspace Business Parks REIT plans to raise INR 12 billion by issuing bonds maturing on Dec. 8, 2028, and has invited bids for the same Dec. 4, dealers said. Bidding for the bonds will take place on the BSE's electronic bidding platform between 1400 IST and 1500 IST.

The bonds, rated 'AAA' by ICRA Ratings, will be allotted Dec. 8. The bonds carry a fixed coupon of 6.9601%, payable quarterly. ICICI Bank Ltd. and Trust Investment Advisors were said to be the arranger for the issue. The issuance got an anchor investment of INR 1.45 billion from SBI Equity Hybrid Fund, INR 100 million from Mahindra Liquid Fund Operative Account, INR 525 million from Aditya Birla Sun Life Mutual Fund, INR 500 million from Mirae Asset Hybrid Equity Fund, INR 475 million from Kotak Bond, INR 300 million from DSP Short Term Funds, INR 150 million from HSBC Mutual Fund, and INR 100 million from 360 One Mutual Fund. 

360 ONE ALTERNATES ASSET MANAGEMENT

360 One Alternates Asset Management Ltd. plans to raise up to INR 2 billion through zero-coupon bonds maturing on Dec. 3, 2027, and has invited bids for the same Dec. 4, dealers said. Bidding for the bonds will take place on the BSE's electronic bidding platform between 1030 IST and 1130 IST.

The issue has a base size of INR 500 million and a greenshoe option of INR 1.5 billion. The bonds, rated 'AA' by ICRA Ratings, will be allotted Dec. 5.

KEERTANA FINSERV

Keertana Finserv Ltd. plans to raise up to INR 1.50 billion through the reissuance of bonds maturing on May 12, 2027, and has invited bids for the same Dec. 3, dealers said. Bidding for these bonds will take place on the BSE's electronic bidding platform from 1100 IST to 1500 IST.

The issue has a base size of INR 250 million and greenshoe option of INR 1.25 billion. The bonds, rated 'BBB+' by India Ratings and Research, will be allotted Dec. 4. The bonds carry a fixed coupon of 11.40%, payable monthly.

SADBHAV GADAG HIGHWAY

Sadbhav Gadag Highway Pvt. Ltd. plans to raise INR 1.35 billion by issuing bonds maturing on Oct. 30, 2028 and has invited bids for the same Dec. 3, dealers said. Bidding for the bonds will take place on BSE's electronic bidding platform between 1100 IST and 1300 IST.

The bonds carry a fixed coupon of 20%, payable half yearly. The bonds, rated 'BB+' by Acuite Ratings and Research, will be allotted Dec. 4. The bonds carry a put option, which can be exercised on Oct. 1, 2026.

BAJAJ AUTO CREDIT

Bajaj Auto Credit Ltd., a wholly-owned subsidiary of Bajaj Auto, Dec. 2 allotted non-covertible debentures worth INR 5 billion, maturing on Nov. 27, 2028, on a private-placement basis, the company informed the exchanges. The debentures were listed on the National Stock Exchange Dec. 1. They carry a fixed coupon of 7.25%, payable annually.

MUTHOOT FINCORP

Muthoot Fincorp Ltd. plans to raise INR 1 billion through the reissuance of Basel-III compliant additional tier-II bonds maturing on Aug. 22, 2033, and has invited bids for the same Dec. 3, dealers said. Bidding for these bonds will take place on BSE's electronic bidding platform from 1000 IST to 1100 IST.

The bonds are rated 'AA-' by Crisil Ratings and will be allotted Dec. 4. The bonds carry a fixed coupon of 10.40%, payable monthly.

NUVAMA WEALTH AND INVESTMENT

Nuvama Wealth and Investment Ltd. plans to raise up to INR 2 billion by issuing bonds maturing on Jan 4, 2028, and has invited bids for the same Dec. 3, dealers said. Bidding for the bonds will take place on the BSE's electronic bidding platform between 1100 IST and 1300 IST.

The issuance has a base size and a greenshoe option of INR 1 billion each. The bonds carry a fixed coupon of 8.95%, payable annually. The bonds, rated 'AA' by CARE Ratings, will be allotted Dec. 4.

HERO FINCORP

Hero Fincorp Ltd. plans to raise up to INR 4 billion through bonds maturing on Jun. 2, 2027 and has invited bids for the same Dec. 3, dealers said. Bidding for these bonds will take place on the National Stock Exchange's electronic bidding platform.

The issue has a base size of INR 2.5 billion and a greenshoe option of INR 1.5 billion. The bonds are rated 'AA+' by Crisil Ratings and will be allotted Dec. 4. The bonds carry a fixed coupon of 7.80%, payable annually.

SHRIRAM FINANCE

Shriram Finance Ltd. Dec. 1 allotted non-convertible debentures worth INR 1.25 billion on a private-placement basis, the company informed exchanges. The debentures are proposed to be listed on BSE and will mature on May 3, 2029. The company set a cut-off yield of 7.50% on its zero-coupon debentures.  

The issue had a base size of INR 1 billion and greenshoe option of INR 4 billion. Shriram Finance reported a consolidated net profit of INR 23.07 billion for the September quarter on revenue of INR 119.17 billion. 

360 ONE PRIME

360 One Prime Ltd. plans to raise up to INR 3 billion by issuing bonds maturing on Dec. 1, 2028, and has invited bids for the same Dec. 2, dealers said. Bidding for the bonds will take place on the BSE's electronic bidding platform between 1000 IST and 1100 IST.

The issue had a base size of INR 2 billion and a greenshoe option of INR 1 billion. The bonds carry a fixed coupon of 8.60%, payable annually. The bonds, rated 'AA' by ICRA Ratings, will be allotted Dec. 3. LTImindtree Ltd. is an anchor investor for the issuance for an amount of INR 600 million. 

360 ONE Prime is a non-banking financial company and a subsidiary of 360 ONE WAM Ltd. and operates as the lending arm of the 360 ONE Group. It provides loans against securities, loans against property, and unsecured loans.

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Written by Ashvita Chalke

Edited by Nishant Maher

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