IIFL Finance Limited NCD (IIFL Finance NCD) Detail

Mar 3, 2021 - Mar 18, 2021

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 OpenMar 3, 2021 - Mar 18, 2021
Security NameIIFL Finance Limited
Security TypeUnsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 100.00 Crores
Issue Size (Shelf)Rs 900.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Credit RatingThe NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited.
Tenor87 Months
Payment FrequencyMonthly, Annually, At Maturity
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1100,000
Category 2100,000
Category 3400,000
Category 4400,000
Total NCD's1,000,000

Coupon Rates

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 Rating

Rating:Rated 3.4 stars

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IIFL Finance NCD Reviews

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 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.ncd2020@linkintime.co.in
Website: http://www.linkintime.co.in

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1. Aman.raj  Mar 5, 2021 18:44 I Like It. | Report Abuse Reply
Iski allotment kase aati hai???
kalpesh modi
1.1. kalpesh modi  Mar 9, 2021 09:27 I Like It. | Report Abuse
Yeh demat main show hota hai interest and maturity amount demat link account main aata hai ...
1.2. A G  Mar 10, 2021 16:16 I Like It. | Report Abuse
ise apply karna chaiye ya nahi, or ise allotment k bad sale kar sakte h kya
please bataye

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