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IIFL Finance Limited NCD (IIFL Finance NCD) Detail

March 3, 2021 - March 18, 2021
IIFL Finance Limited Logo

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:

  1. Diversified product portfolio catering to a wide customer base
  2. Strong asset quality with a consistently low level of NPAs
  3. Diversified funding sources and strong credit profile
  4. Well-defined processes with a strong focus on technology
  5. Strong physical and digital footprint
  6. Well established brand along with a strong and experienced management team

IIFL Finance NCD Detail

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
Payment Frequency Monthly, Annually, At Maturity
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%

NCD's Offered by Category

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

Coupon Rates

  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

Company Promoters

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

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 Prospectus

IIFL Finance NCD Subscription Status

The IIFL Finance NCD was subscribed 9.13 times on March 18, 2021 5:00:00 AM. The NCD subscribed .

Category ?Subscription (times)
Category 410.63x
Category 35.35x
Category 2 (NII)27.33x
Category 1 (QIB)0.04x

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IIFL Finance NCD Rating

Rating:Rated 3.3 stars
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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

IIFL Finance NCD 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


1. Aman.raj     Link|March 5, 2021 6:44:09 PM
Iski allotment kase aati hai???
1.1. kalpesh modi     Link|March 9, 2021 9:27:14 AM
Yeh demat main show hota hai interest and maturity amount demat link account main aata hai ...
1.2. A G     Link|March 10, 2021 4:16:09 PM
ise apply karna chaiye ya nahi, or ise allotment k bad sale kar sakte h kya
please bataye

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