IIFL Finance NCD

IIFL Finance NCD Details and Analysis

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IIFL Finance NCD will open for from 03 March 2021. the company aims for a Base Issue Size of ₹100 Crores and shelf Issue size of ₹900 through this NCD Issue.

IIFL Finance Limited

Incorporated in 1995, IIFL Finance Limited is a Mumbai-based NBFC company. IIFL offers home loans, gold loans, business loans including loans against property and medium and small enterprise financing, microfinance, construction and real estate finance, and capital market finance; catering to both retail and corporate clients.

As at December 31, 2020, March 31, 2020, March 31, 2019 and March 31, 2018, company’s consolidated assets under management were Rs 4,22,641.05 million, Rs 379,511.30 million, Rs 349,034.73 million and Rs 311,336.29 million, respectively.

Objectives of the Issue

  • For onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company.
  • General Corporate Purposes.

IIFL Finance NCD Details

Issue Open03 March 2021
Issue Closing25 March 2021
Security NameIIFL Finance Limited
Security TypeUnsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Base Issue Size₹ 100 Crores
Issue Size (Shelf)₹ 9000 Crores
Total Issue size₹ 1000 Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 for each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Credit RatingThe NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited.
Tenor87 Months
Payment FrequencyMonthly, Annually, At Maturity
Basis of AllotmentFirst Come First Serve Basis

Coupon Rates

Series 1S 2S 3
Frequency of Interest PaymentAnnualMonthlyAt Maturity
Tenor87 months8787months
Coupon Rate10%9.60%NA
Effective Yield (% per Annum)10%10.03%10.03%
Amount on MaturityRs 1000₹ 1,000Rs 2,000

Company Promoters

  • Mr. Nirmal Jain
  • Mr. Venkataraman Rajamani

IIFL Finance NCD Lead Managers

  • Edelweiss Financial services
  • Equirus Capital Pvt Ltd

IIFL Finance NCD Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: iifl.ncd2020@linkintime.co.in
Website: http://www.linkintime.co.in

Company Contact Information

IIFL Finance Limited
802, 8th Floor, Hub Town Solaris,
N.S. Phadke Marg, Vijay Nagar,
Andheri East, Mumbai 400069, Maharashtra

Phone: +91 22 6788 1000
Email: csteam@iifl.com
Website: https://www.iifl.com/

Final Thoughts

Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in IIFL Finance NCD is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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