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IIFL Finance Limited NCD (IIFL Finance NCD January 2023) Detail

Jan 6, 2023 - Jan 18, 2023
IIFL Finance Limited Logo

Incorporated in 1995, IIFL Finance Limited is a Mumbai-based Non-deposit taking NBFC company. The entity is categorized as a Systemically Important Non-deposit taking Non-Banking Financial Company ("NBFC-ND-SI") registered with the RBI.

They cater to a wide customer base with their extensive range of products in the form of

  1. Home loans
  2. Gold loans
  3. Business loans including loans against property and medium and small enterprise financing
  4. Microfinance
  5. Construction, and real estate finance
  6. Capital market finance

The customers of the company include both retail and corporate clients.

The total revenue of IIFL Finance Limited for fiscal 2022, 2021, and 2020 were Rs. 70,062.79 million, Rs. 59,896.89 million, and Rs. 49,261.25 million, respectively.

IIFL Finance NCD January 2023 Detail

Issue Open Jan 6, 2023 - Jan 18, 2023
Security Name IIFL Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 1,000.00 Crores
Issue Size (Shelf) Rs 5,000.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE, NSE
Credit Rating CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited.
Tenor 24, 36, and 60 Months
Series

Series I to VII

Payment Frequency Annual, Cumulative and Monthly
Basis of Allotment First Come First Serve Basis
Debenture TrustiesVARDHMAN TRUSTEESHIP PRIVATE LIMITED

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 10%
Non-Institutional 10%
HNI 40%
Retail 40%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 100,000
Non-Institutional 100,000
HNI 400,000
Retail 400,000
Total NCD's 1,000,000

IIFL Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentAnnualCumulativeAnnualCumulativeMonthlyAnnualCumulative
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 months24 months36 months36 months60 months60 months60 months
Coupon Rate (Retail)8.50%NA8.75%NA8.65%9.00%NA
Effective Yield (% per Annum)8.49%8.50%8.74%8.75%9.00%8.99%9.00%
Amount on MaturityRs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,286.45Rs 1,000.00Rs 1,227.00Rs 1,539.00

NCD Rating

The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Company Promoters

Mr. Nirmal Bhanwarlal Jain and Mr. R. Venkataraman are the promoters of the company.

Company Financials

IIFL Finance Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2034373.414926.12503.474667.6627098.68
31-Mar-2140666.925989.69760.815265.7531595.37
31-Mar-2245910.187006.281188.256279.7635255.97
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilize the funds for the following objects which are being raised through the Issue:

  1. For the purpose of onward lending, financing, and refinancing the existing indebtedness of IIFL Finance Limited - At least 75%
  2. General Corporate Purposes - Maximum of up to 25%

IIFL Finance NCD January 2023 Prospectus

IIFL Finance NCD January 2023 Subscription Status

The IIFL Finance NCD January 2023 was subscribed 5.83 times on Jan 18, 2023 5:00:00 PM. The NCD subscribed 8.55 times in Retail, 3.86 times in HNI, 7.11 times in Non-Institutional, and 1.54 times in the Institutional category.

Category ?Subscription (times)
Retail8.55x
HNI3.86x
Non-Institutional7.11x
Institutional1.54x
Total5.83x

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IIFL Finance NCD January 2023 Rating

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Company Contact Information

IIFL Finance Limited
IIFL House, Sun Infotech Park, Road No. 16V,
Plot No. B-23, Thane Industrial Area,
Wagle Estate, Thane 400 604

Phone: +91 22 4103 5000
Email: csteam@iifl.com
Website: http://www.iifl.com/

IIFL Finance NCD January 2023 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: iifl.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/


1 Comments

1. Vasubhai   I Like It. |Report Abuse|  Link|Jan 17, 2023 10:20:11 AMReply
Chittorgarh board members :
If ncd issue is close after full subscription pl.mention in subscription table.