IIFL Finance Limited is one of the NBFC – non deposit taking non-banking finance company that is based in Mumbai. The company was incorporated in 1995. They are providing home loans, gold loans, business loans, microfinance, real estate finance, and capital market finance to retail and corporate. Their majority of business portfolio is home and gold loans that are around 65% of their total business.
IIFL Finance has a rating of CRISIL AA/Stable & BWR AA+/ Negative. IIFL Finance Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on 27 September 2021. IIFL Finance will offer 8.75% interest rates on the NCDs. The NCDs tenure is for 24, 36 and 60 Months.
IIFL Finance NCD Issue Details
| NCD Issue Open | 27 September 2021 |
| NCD Issue Close | 18 October 2021 |
| NCD Issue Size | Base: 100 Cr. | Shelf: 900 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Upto 8.75% ** (Annually) |
| Minimum Investment | 10 Bonds (₹1,000) |
| Maximum Investment | 1,000 Bonds (₹10,00,000) |
| Listing on | BSE, NSE Platform |
IIFL Finance NCD Issue Rating
- CRISIL Ratings: “CRISIL AA/Stable”
- BWR Ratings: “BWR AA+/ Negative”
IIFL Finance NCD Issue Listing
- NCD Bonds will be list on BSE and NSE.
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 (September 2021) Issue Tenure & Interest Rates
| Series | Payment | Nature | Tenor | Coupon | Eff. Yield |
| 1 | Annual | Secured | 24 | 8.25% | 8.25% |
| 2 | Cum. | 24 | N/A | 8.25% | |
| 3 | Annual | 36 | 8.50% | 8.49% | |
| 4 | Cum. | 36 | N/A | 8.50% | |
| 5 | Month | 60 | 8.42% | 8.75% | |
| 6 | Annual | 60 | 8.75% | 8.75% | |
| 7 | Cum. | 60 | N/A | 8.75% |
IIFL Finance NCD Lead Manager
- Edelweiss Financial Services Ltd
- Equirus Capital Private Limited
- IIFL Securities Ltd
IIFL Finance NCD Allotment Status
- IIFL Finance NCD issue allotment available on Linkintime
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/
IIFL Finance NCD FAQs:
When is IIFL Finance NCD Open?
IIFL Finance NCD to open on September 27 and closes on October 18, 2021.
What is IIFL Finance NCD Price?
The company has fixed the price at ₹1000 per NCD.
What is IIFL Finance NCD Issue Size?
The NCD issue size is ₹1000 crores.
On Which platform the IIFL Finance NCD will list?
IIFL Finance NCD will list on BSE & NSE Platform.
How to apply for IIFL Finance NCD?
You can apply from your existing demat account online and offline.
