IIFL Home Finance NCD

IIFL Home Finance NCD – July 2021

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IIFL Home Finance NCD will open for subscription from 06 July 2021. the company aims for an issue size of ₹900 crores through this NCD issue.

IIFL Home Finance

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.

Objects of the Issue

  • For the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings – At least 75%.
  • General Corporate Purposes – Maximum of up to 25%.

IIFL Home Finance NCD Details

Issue OpenJul 6, 2021 – Jul 28, 2021
Security NameIIFL Home Finance Ltd
Security TypeUnsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)₹ 100.00 Crores
Issue Size (Shelf)₹ 900.00 Crores
Issue Price₹ 1000 per NCD
Face Value₹ 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE, NSE
Credit RatingCRISIL AA/Stable, BWR AA+/ Negative

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.

Coupon Rates

 Series 1S2S3
Frequency of Interest PaymentAnnualMonthlyAt Maturity
Tenor87 month8 7 months87 mnths
Coupon Rate10%9.60%NA
Effective Yield (% per Annum)10%10.03%10.02%
Amount on Maturity₹1,000₹ 1,000₹ 2,000

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

Company Promoters

  • IIFL Finance Limited (formerly known as IIFL Holdings Limited).

IIFL Home Finance NCD Lead Manager(s)

  • Equirus Capital Private Limited
  • Trust Investment Advisors Private Limited

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

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

Final Thoughts

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

Happy Investing

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