IIFL Group’s non-banking finance arm, IIFL Finance Limited, is a systemically important Non-Banking Financial Company not accepting public deposits and engaged in the business of home and property loans, gold loans, loan against securities, SME business and micro-finance loans. IIFL Finance has a long-term credit rating of AA/Negative by Crisil, AA+/Negative by Brickwork. IIFL Finance Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) subscription to start on 3 March 2021. IIFL Finance will offer 10% interest rates on the NCDs. The NCDs tenure will be for 87 Months.
IIFL Finance NCD Issue Details:
| NCD Issue Open | 03 March 2021 |
| NCD Issue Close | 25 March 2021 |
| NCD Issue Size | Base: 100 Cr. | Shelf: 900 Cr. |
| Price Band | ₹1000 |
| Interest Rate | Upto 10% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Maximum Investment | 1,000 Bonds (₹10,00,000) |
| Listing | BSE |
IIFL Finance NCD Issue Rating:
- CRISIL Ratings: “AA/Negative”
- Brickworks Ratings: “AA+/ Negative”
IIFL Finance NCD Issue Listing:
- NCD Bonds will be list on BSE.
IIFL Finance NCD Issue Promoters:
- Mr. Nirmal Jain
- Mr. Venkataraman Rajamani
How to Apply IIFL Finance NCD Issue?
You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
IIFL Finance NCD (March 2021) Issue Tenure & Interest Rates: Details
| Annual | Monthly | Annual | Cumulative |
| 87 Months | 9.60%% | 10.00% | N/A |
IIFL Finance NCD Lead Manager:
- Edelweiss Financial Services Ltd
- Equirus Capital Private Limited
IIFL Finance NCD Allotment Status:
- IIFL Finance NCD issue allotment available on linkintime.com
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: [email protected]
Website: http://www.linkintime.co.in
Company 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: [email protected]
Website: https://www.iifl.com/
