New Delhi, May 22 (PTI) Housing finance company DHFL Ltd garnered subscriptions of over Rs 10,234 crore on Day one of the public-issue of the bonds today. The company has a target to raise up to Rs 12,000 crore from this public issue of non-convertible debentures (NCDs) with a base size of Rs 3,000 crore and green-shoe option up to Rs 9,000 crore. Also Read - Odisha Govt Cancels BSE Class 10 Board Exam Amid Rising COVID Cases

“DHFL NCDs attract subscription of over Rs 10,000 crore on Day 1 out of a total of around Rs 12,000 crore – HNIs (high net-worth individuals) and retail account for around Rs 2,800 crore and QIBs (qualified institutional buyers) for over Rs 7,200 crore,” sources said. Also Read - DHFL Directors Conned Over Rs 14,000 Crore in 2 Lakh Fake Loan Accounts Under PM Housing Fund, Says CBI

Earlier on Monday, the company said the issue — which is to close on June 4 — can be pre-closed if the issue is fully subscribed before that. Also Read - RailTel Share Price Gains 20% on BSE Upper Circuit After February Super Session

DHFL will use 75 percent of the proceeds raised from the issue for sub-lending and business growth while the rest is slated to be used for general corporate purpose.

Stock of Dewan Housing Finance Ltd (DHFL) closed 0.93 per cent down at Rs 607.30 on the BSE.

This is published unedited from the PTI feed.