[.]| Listing at BSE, NSE | Wed, Dec 8, 2021 - Tue, Dec 28, 2021
IIFL Home Finance Ltd. NCD issue is a public issue of secured, redeemable, non-convertible debenture , issued under a Shelf Prospectus of ₹900.00 Cr with a base issue size of ₹100.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
IIFL Home Finance Ltd. NCD issue opens on Dec 8, 2021 and closes on Dec 28, 2021. NCD are proposed to be listed on NSE and BSE.
The minimum lot size is 10 NCDs, requiring a minimum investment of ₹ 10,000 , while the market lot for trading is 10 NCD(s).
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
The NCD has been rated: .
Edelweiss Financial Services Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the NCD Offer Document and Shelf Prospectus for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Wed, Dec 8, 2021
Close Date
Tue, Dec 28, 2021
Issue Size (Overall)
[.]
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 |
IIFL Finance Limited
| Category | Allocated (%) | Shares Reserved |
|---|---|---|
| Institutional | 20.00% | 2,00,000 |
| Non-Institutional | 10.00% | 1,00,000 |
| HNI | 35.00% | 3,50,000 |
| Retail | 35.00% | 3,50,000 |
| Total | 100.00% | 10,00,000 |
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.
The objects of the Tranche I Issue and the amount proposed to be financed from Net Proceeds:
[Dilip Davda] Amidst the falling interest rates regime, investors looking for regular income may consider this secured debt offer having AA ratings and lucrative coupon rates. Read detail review...
The IIFL Home Finance NCD December 2021 was subscribed 4.68 times on Dec 28, 2021 17:00. The NCD subscribed 4.85 times in Retail, 4.68 times in HNI, 5.43 times in Non-Institutional, and 4.01 times in Institutional category.
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
Thane, Maharashtra, 400604
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem IIFL Home Finance Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
