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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.
| 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 20% |
| Non-Institutional | 10% |
| HNI | 35% |
| Retail | 35% |
| 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 |
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.
IIFL Finance Limited
The objects of the Tranche I Issue and the amount proposed to be financed from Net Proceeds:
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) |
|---|---|
| Retail | 4.85x |
| HNI | 4.68x |
| Non-Institutional | 5.43x |
| Institutional | 4.01x |
| Total | 4.68x |
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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
Email: secretarialhfc@iifl.com
Website: https://www.iifl.com/home-loans
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: iiflhome.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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