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IIFL Home Finance Ltd NCD (IIFL Home Finance NCD December 2021) Detail

December 8, 2021 - December 28, 2021
IIFL Home Finance Ltd Logo

Incorporated in 2009, IIFL Home Finance Ltd is a subsidiary of IIFL Finance, a leading financial service provider engaged in the business of loans and mortgages.

IIFL's product offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, microfinance, developer and construction finance, and capital market finance; catering to both retail and corporate clients.

The company's geographical presence spans the length and breadth of the country with 2,372 branches across 500+ cities.

IIFL Home Finance NCD December 2021 Detail

Issue Open December 8, 2021 - December 28, 2021
Security Name IIFL Home Finance Ltd
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 10 NCD
Listing At BSE, NSE
Credit Rating CRISIL AA/Stable and BWR AA+/ Negative
Tenor 36, 60, 84 Months
Series Series 1 to 8
Payment Frequency
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 20%
Non-Institutional 10%
HNI 35%
Retail 35%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 200,000
Non-Institutional 100,000
HNI 350,000
Retail 350,000
Total NCD's 1,000,000

Coupon Rates

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Cumulative
Nature Secured
Tenor 36 months 36 months 60 months 60 months 60 months 84 months 84 months 84 months
Coupon Rate 8.25% NA 8.20% 8.50% NA 8.43% 8.75% NA
Effective Yield (% per Annum) 8.24% 8.25% 8.51% 8.50% 8.50% 8.76% 8.74% 8.75%
Amount on Maturity Rs 1,000 Rs 1,268 Rs 1,000 Rs 1,000 Rs 1,504 Rs 1,000 Rs 1,000 Rs 1,799.75

NCD Rating

The Secured NCDs have been rated “CRISIL AA/Stable” (stable outlook) for an amount of ₹50,000 million by CRISIL Ratings Limited and “BWR AA+/ Negative (Assigned)” (Negative outlook”) for an amount of ₹ 50,000 million by Brickwork Ratings India Private Limited.

Company Promoters

IIFL Finance Limited

Objects of the Issue

The objects of the Tranche I Issue and the amount proposed to be financed from Net Proceeds:

  1. For the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings - At least 75%.
  2. General Corporate Purposes - Maximum of up to 25%.

IIFL Home Finance NCD December 2021 Prospectus

IIFL Home Finance NCD December 2021 Subscription Status

The IIFL Home Finance NCD December 2021 was subscribed 4.68 times on December 28, 2021 5:00:00 PM. The NCD subscribed 4.85 times in Retail, 4.68 times in HNI, 5.43 times in Non-Institutional, and 4.01 times in the Institutional category.

Category ?Subscription (times)

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IIFL Home Finance NCD December 2021 Rating

Rating:Rated 3.9 stars
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IIFL Home Finance NCD December 2021 Reviews

Company Contact Information

IIFL Home Finance Ltd
IIFL House, Sun Infotech Park, Road No. 16V,
Plot No. B-23, MIDC, Thane Industrial Area,
Wagle Estate, Thane – 400604, Maharashtra, India

Phone: +91 22 4103 5000

IIFL Home Finance NCD December 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


3. Vimal     Link|January 11, 2022 8:14:26 AM
Anybody got allotment when applied through SBI ASBA?
3.3. Vimal     Link|January 13, 2022 4:27:57 PM
After mailing thrice and calling once to Linkintime customer care, i got my money unblocked. I hope that solves your problem too..
3.4. Phani     Link|January 13, 2022 10:15:22 PM
Thanks Vimal for your timely updates. Today my SBI account lien got released. I applied at the very first day and didn't got the allotment. Even I didn't got the bidding mail, suspecting some issue with SBI ASBA process.
2. Vimal     Link|January 7, 2022 9:37:52 AM
Strange, allotment should have been done by now, has anyone got allotment?
2.3. Chitta     Link|January 8, 2022 9:14:06 PM
i gotit in icicidirect,but SBI ASBA amount is still in Lien,but allotment is not done. How to remove the Lien amount?
2.4. Vimal     Link|January 9, 2022 10:13:18 AM
You cannot manually remove the lien. If you get NCDs then amount will be debited or else lien will be released automatically..
1. Thiagarajan Ramasamy     Link|January 1, 2022 11:09:54 AM
when will Allotment be done and credited to Applicants Account?
1.1. Guest     Link|January 1, 2022 8:21:32 PM
God knows.
1.2. Vimal     Link|January 2, 2022 7:16:08 AM
Within 6 working days of issue closure...

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