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

Jul 6, 2021 - Jul 28, 2021

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 Detail

Issue OpenJul 6, 2021 - Jul 28, 2021
Security NameIIFL Home Finance Ltd
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, NSE
Credit RatingCRISIL AA/Stable, BWR AA+/ Negative
Tenor
Series
Payment Frequency
Basis of Allotment

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% 10.02%
Amount on Maturity Rs 1,000 Rs 1,000 Rs 2,000

NCD Rating Detail

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.

Company Promoters:

IIFL Finance Limited (formerly known as IIFL Holdings 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 Prospectus

IIFL Home Finance NCD Rating

27
3.7
Rating:Rated 3.7 stars

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IIFL Home Finance NCD 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
Email: secretarialhfc@iifl.com
Website: https://www.iifl.com/home-loans

IIFL Home 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: iiflhome.ncd@linkintime.co.in
Website: http://www.linkintime.co.in

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3 Comments

IPO Mentor
3. IPO Mentor  Jul 28, 2021 13:45 I Like It. | Report Abuse Reply
Unsecure is pure avoid after DHFL...
Sarthak Deshmukh
2. Sarthak Deshmukh  Jul 4, 2021 23:57 I Like It. | Report Abuse Reply
If it would be Secured NCDs then I would go for it but not with unsecured
Scrip
2.1. Scrip  Jul 12, 2021 20:43 I Like It. | Report Abuse
after DHFL fiasco, investing in an NBFC and that to in an unsecured instrument with such a long tenor, darr lagta hai.
Piramal and Shakti still looks good.
The BuLLz EyE
1. The BuLLz EyE  Jul 8, 2021 21:35 I Like It. | Report Abuse Reply
Tenure is too long








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