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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 | July 6, 2021 - July 28, 2021 |
| Security Name | IIFL Home Finance Ltd |
| 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, NSE |
| Credit Rating | CRISIL AA/Stable, BWR AA+/ Negative |
| Tenor | |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| 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% | 10.02% |
| Amount on Maturity | Rs 1,000 | Rs 1,000 | Rs 2,000 |
The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Stable” and “BWR AA+/ Negative” by Brickwork Ratings India Private Limited. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
The objects of the Tranche I Issue and the amount proposed to be financed from Net Proceeds:
The IIFL Home Finance NCD was subscribed 8.19 times on July 28, 2021 5:01:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 10.39x |
| Category 3 | 6.22x |
| Category 2 (NII) | 14.35x |
| Category 1 (QIB) | 1.07x |
| Total | 8.19x |
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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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