The home financier also improved on its asset quality with gross non-performing assets (NPAs) reducing to 0.8 per cent of the gross advances at the end of December 2017
While the company has ambitious growth plans, its ability to scale up while keeping costs down and asset quality strong will be key
The listing will also unlock substantial value for all stakeholders
On the National Stock Exchange, the stock has frozen at maximum upper limit of 5% at Rs 107 after listing at Rs 102.
Reliance Home Finance provides a wide range of loan solutions
The company plans to raise Rs 1,000 crore as base issue size by offering NCDs at Rs 1,000 per bond
NCDs cannot be converted into stock and usually offer higher interest rates than convertible debentures