IIFL Home Finance NCD FAQ's

[.]| Listing at BSE, NSE | Tue, Jul 6, 2021 - Wed, Jul 28, 2021

IIFL Home Finance NCD Date & Price

The IIFL Home Finance NCD issue opens on July 6, 2021 and closes on July 28, 2021. for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day. The allotment is done on a First Come First Serve Basis.

IIFL Home Finance NCD Issue Timetable

Bid/Offer Opens OnJuly 6, 2021
Bid/Offer Closes OnJuly 28, 2021

Sorry, `IIFL Home Finance NCD` DRHP PDF Document is not available at this time.


IIFL Home Finance NCD Red Herring Prospectus (RHP) PDF

IIFL Home Finance NCD price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

No. Issues consist of Secured as well as Unsecured NCD's.

Each application should be for a minimum of 10 NCD and multiples of 10 NCD thereof.

IIFL Home Finance NCD remains open for subscription on working days from 10:00 a.m. to 5:00 p.m until July 28, 2021. The bid may close earlier in case it is fully subscribed.

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 following categories of persons are eligible to apply in the Issue:

  • Category 1 - Institutional Investors including banks, provident funds, pension funds, Mutual Funds, Insurance Companies, NBFC Companies and National Investment Fund.
  • Category 2 - Non-Institutional Investors including Co-operative banks, Public/private charitable/ religious trusts, Partnership firms, Limited Liability Partnerships LLP Firms.
  • Category 3 - High Net-worth Individuals (HNIs) including retail investors who apply for above ₹10 lakhs.
  • Category 4 - Retail Individual Investors including retail investors who apply for less than ₹10 lakhs.

IIFL Home Finance NCD Issue Size and Subscription Status

The IIFL Home Finance NCD consists of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹100.00 Cr
  • NCD Shelf Issue Size: ₹900.00 Cr

Note that the Shelf issue is an option to retain oversubscription up to the shelf issue size over and above the base issue.

Shares offered in IIFL Home Finance NCD are as below:

IIFL Home Finance NCD Shares Offered by Category

Category 1 (QIB)100000
Category 2100000
Category 3 (HNI)400000
Category 4 (Retail)400000

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check IIFL Home Finance NCD NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

IIFL Home Finance NCD Allotment and Listing

The NCD's are proposed to be listed on BSE, NSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

You can check IIFL Home Finance Ltd. allotment status on the registrar’s website using your PAN or application number, or on the BSE/NSE website under the debt issue section. If allotted, the NCDs will be credited to your demat account and visible through your broker.

It is hard to say at what price IIFL Home Finance NCD NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

IIFL Home Finance NCD NCD - Should I apply?

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.

Sorry, we do not provide NCD recommendations. But we share a lot of information about IIFL Home Finance NCD which could help you with questions like IIFL Home Finance NCD buy or not? You should also read IIFL Home Finance NCD Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

IIFL Home Finance Ltd. NCD listing day gains are unpredictable as it depends on many factors on the day of listing. It depends on factors like the demand, the market situation on the day of listing, NCD issue size, etc.