The housing finance company will offer a yield of 7.34% on the issue and has received commitments worth around 7.50 billion Indian rupees ($91.91 million) so far, the bankers said.
The notes are rated A1+ by CRISIL.
($1 = 81.6000 Indian rupees)
(Reporting by Dharamraj Lalit Dhutia; Editing by Neha Arora)