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

July 6, 2021 - July 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 Detail

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
Payment Frequency
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 0%
Category 2 0%
Category 3 0%

NCD's Offered by Category

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

NCD Rating

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 Subscription Status

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 410.39x
Category 36.22x
Category 2 (NII)14.35x
Category 1 (QIB)1.07x

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IIFL Home Finance NCD Rating

Rating:Rated 3.6 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

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


3. IPO Mentor     Link|July 28, 2021 1:45:54 PM
Unsecure is pure avoid after DHFL...
2. Sarthak Deshmukh     Link|July 4, 2021 11:57:51 PM
If it would be Secured NCDs then I would go for it but not with unsecured
2.1. Scrip     Link|July 12, 2021 8:43:38 PM
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.
1. The BuLLz EyE     Link|July 8, 2021 9:35:51 PM
Tenure is too long

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