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IIFL Finance Limited NCD (IIFL Finance NCD September 2021) Detail

Sep 27, 2021 - Oct 8, 2021
IIFL Finance Limited Logo

Incorporated in 1995, IIFL Finance Limited is a Mumbai-based Non-deposit taking NBFC company. It is involved in the business of home loans, gold loans, business loans, microfinance, construction, and real estate finance, and capital market finance. IIFL Finance caters to both retail and corporate clients.

IIFL Finance's key strategy is to steadily grow high-quality, diversified retail assets focusing on under-banked segments, with effective risk management and cost optimization through well-defined processes and leveraging technology.

FY21 Portfolio as per products:

  • Home Loan: 34%
  • Gold Loan: 31%
  • Business Loan: 16%
  • Microfinance: 10%
  • Commercial & Real Estate: 7%
  • Capital Market: 2%

IIFL Finance NCD September 2021 Detail

Issue Open Sep 27, 2021 - Oct 8, 2021
Security Name IIFL Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 900.00 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 & BWR AA+/ Negative
Tenor 24, 36 and 60 Months
Series
Payment Frequency Annual, Cumulative
Basis of Allotment First Come First Serve Basis

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 NCD Coupon Rates

Series Series I Series II Series III Series IV Series V Series VI Series VII
Frequency of Interest Payment Annual Cumulative Annual Cumulative Monthly Annual Cumulative
Nature Secured Secured Secured Secured Secured Secured Secured
Tenor (Months) 24 24 36 36 60 60 60
Coupon Rate 8.25% NA 8.50% NA 8.42% 8.75% NA
Effective Yield (% per Annum) 8.25% 8.25% 8.49% 8.50% 8.75% 8.75% 8.75%
Amount on Maturity Rs 1000 Rs 1,171.80 Rs 1,000 Rs 1,277.60 Rs 1,000 Rs 1,000 Rs 1,521.41

NCD Rating

The NCDs have been rated CRISIL AA/Stable by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited.

Company Promoters

The Promoters of the Company are Mr. Nirmal Jain and Mr. Venkataraman Rajamani.

Company Financials

Summary of Standalone financial Information
Particulars For the year/period ended (Rs in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 222,107.25 193,502.76 178,736.09
Total Revenue 34,362.05 26,712.00 29,881.31
Profit After Tax 3,425.77 1,488.03 4,511.09

Objects of the Issue

The objects of the issue are:

  1. For onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company.
  2. General Corporate Purposes

IIFL Finance NCD September 2021 Prospectus

IIFL Finance NCD September 2021 Subscription Status

The IIFL Finance NCD September 2021 is subscribed 9.36x times on Oct 8, 2021 4:59:00 PM. The ncd subscribed 5.52x times in the retail category, 21.20x times in the QIB category, and 20.60x times in the NII category.

Category ?Subscription (times)
Institutional21.20x
Non-Institutional20.60x
HNI5.52x
Retail7.42x
Total9.36x

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IIFL Finance NCD September 2021 Rating

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Company Contact Information

IIFL Finance Limited
802, 8th Floor, Hub Town Solaris,
N.S. Phadke Marg, Vijay Nagar,
Andheri East, Mumbai 400069, Maharashtra

Phone: +91 22 6788 1000
Email: csteam@iifl.com
Website: https://www.iifl.com/

IIFL Finance NCD September 2021 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.ncd2021@linkintime.co.in
Website: https://linkintime.co.in/