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Incorporated in 1995, IIFL Finance Limited is a Mumbai-based NBFC company. IIFL offers home loans, gold loans, business loans including loans against property and medium and small enterprise financing, microfinance, construction and real estate finance, and capital market finance; catering to both retail and corporate clients.
As at December 31, 2020, March 31, 2020, March 31, 2019 and March 31, 2018, company's consolidated assets under management were Rs 4,22,641.05 million, Rs 379,511.30 million, Rs 349,034.73 million and Rs 311,336.29 million, respectively.
Key Strengths:
| Issue Open | March 3, 2021 - March 18, 2021 |
| Security Name | IIFL Finance Limited |
| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured 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 | 10 NCD |
| Listing At | BSE |
| Credit Rating | The NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. |
| Tenor | 87 Months |
| Series | |
| Payment Frequency | Monthly, Annually, At Maturity |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 100,000 |
| Category 2 | 100,000 |
| Category 3 | 400,000 |
| Category 4 | 400,000 |
| Total NCD's | 1,000,000 |
| Series 1 | Series 2 | Series 3 | |
|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | At Maturity |
| Nature | Unsecured | Unsecured | Unsecured |
| Tenor | 87 months | 87 months | 87 months |
| Coupon Rate | 10% | 9.60% | NA |
| Effective Yield (% per Annum) | 10% | 10.03% | 10.03% |
| Amount on Maturity | Rs 1000 | Rs 1,000 | Rs 2,000 |
The Promoters of the Company are Mr. Nirmal Jain and Mr. Venkataraman Rajamani.
The objects of the issue are:
The IIFL Finance NCD was subscribed 9.13 times on March 18, 2021 5:00:00 AM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 10.63x |
| Category 3 | 5.35x |
| Category 2 (NII) | 27.33x |
| Category 1 (QIB) | 0.04x |
| Total | 9.13x |
27 3.3 Rating:  Vote Here ... |
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/
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.ncd2020@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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