IIFL Finance NCD Bonds 2021 Issue Date, Rating & Interest Rates

IIFL Finance NCD

IIFL Finance NCD Bonds 2021 are Open on 27 September 2021 and to close on 18 October 2021. The Company will offer 8.75% interest rates on the NCD Bonds. And NCD tenure will be applicable for 26 months, 36 months, 60 months. The company will raise a fund of 900 crores Shelf Fund and 100 Base Fund through this NCD, the company has fixed the NCD price band at 1000 for this according to the face value of 1000.

IIFL Finance Limited is one of the leading players in the financial services space in India. Together with its subsidiaries – IIFL Home Finance Limited and Samasta Microfinance Limited, it provides a diverse range of loans and mortgages. These include home loans, gold loans, business loans including loans against property and medium & small enterprise financing, microfinance, developer & construction finance, and capital market finance; catering to both retail and corporate clients. The company has a nationwide presence with a thriving network of 2,563 branches across 500+ cities.

Read also: Upcoming IPO List 2021

IIFL Finance Limited Company is a Systemically Important Non-deposit taking Non-Banking Financial Company (“NBFC-ND-SI”) registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. Our offerings include 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.

IIFL Finance NCD Review :

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IIFL Finance NCD Security Name :

IIFL Finance Limited

IIFL Finance NCD Security Type :

Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)

IIFL Finance NCD Ratings

AgencyRating
CAREAA
ICRAAA, Outlook Negative

IIFL Finance NCD Bonds Issue Details :

Issue Open27 September 2021
Issue Close 18 October 2021
Issue Base Size₹100 Cr.
Issue Shelf Size₹900 Cr.
Price Band₹1000 Per NCD
Face Value₹1000 Each NCD
Interest Rate8.75% Annual
Listing on BSE & NSE Platform
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IIFL Finance NCD Market Lot :

Market Lot :1 Lot
Minimum Lot size :10 NCD
Minimum Investment :₹10,000

IIFL Finance NCD Bond Issue Tenure & Interest Rates :

SR1234567
Tenure24 Month24 Month36 Month36 Month60 Month60 Month60 Month
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecured
InterestAnnualCumulativeAnnualCumulativeMonthlyAnnualCumulative
Coupon Rate8.25%N/A8.50%N/A8.42%8.75%N/A
Effective Yield8.25%8.25%8.49%8.50%8.75%8.75%8.75%
Maturity10001171.8010001277.60100010001521.41
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About IIFL Finance Company :

IIFL Finance Limited (the “Company” or “Issuer”) was incorporated in Mumbai on October 18, 1995, as a private limited company with the name Probity Research & Services Private Limited under the provisions of the Companies Act, 1956. The status of our Company was changed to a public limited company and our name was changed to Probity Research & Services Limited pursuant to a fresh certificate of incorporation dated April 28, 2000, issued by the Registrar of Companies, Maharashtra, Mumbai.

The name of our Company was subsequently changed to India Infoline.Com Limited, and a fresh certificate of incorporation, consequent upon change of name was issued by the Registrar of Companies, Maharashtra, Mumbai on May 23, 2000. The name of our Company was further changed to India Infoline Limited, and a fresh certificate of incorporation, consequent upon change of name was issued by the Registrar of Companies, Maharashtra, Mumbai on March 23, 2001. Thereafter, the name of our Company was changed to IIFL Holdings Limited, and a fresh certificate of incorporation, con sequent upon change of name was issued by Registrar of Companies, Maharashtra, Mumbai on February 18, 2014.

Thereafter, the name of our Company was changed to IIFL Finance Limited and a fresh certificate of incorporation, consequent upon change of name was issued by Registrar of Companies, Maharashtra, Mumbai on May 24, 2019. Also, our Company has obtained a Certificate of Registration dated March 06, 2020, bearing Registration No. N – 13.02386 issued by the Reserve Bank of India (“RBI”) to commence the business of a non-banking financial institution without accepting public deposits under Section 45 IA of the RBI Act, 1934. Our Company is a Systemically Important Non-Deposit taking Non-Banking Finance Company (“NBFC”).

Our Company is a Systemically Important Non-deposit taking Non-Banking Financial Company (“NBFC-ND-SI”)
registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. Our offerings include 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.

Read also: All Upcoming IPO Grey Market Premium 2021

Our product offerings are detailed below:

  • Home Loans: include finance for purchase of flats, construction of houses, extension and for improvement in the flats/homes.
  • Business Loans: include loans against property and small and medium enterprise financing. Loan against property (LAP) is availed for working capital requirements, business use or acquisition of new commercial property. In the medium and small enterprise financing segment (MSME), we provide working capital finance to small business owners. We provide small ticket loans, thereby being able to meet the needs of small scale businesses including standalone shops etc.

Gold Loans: includes finance against the security of mainly used gold ornaments. We offer loans against gold to small businessmen, vendors, traders, farmers, and salaried people for their personal needs as well as for working capital needs.

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  • Microfinance: includes credit support mainly to women, who have either limited or no access to formal banking channels. We provide financial services to the economically weaker sections of society with an aim to bring microfinance services to the doorstep of the rural and semi-urban BoP (Bottom of Pyramid) families in India. Loans are offered under various categories such as income generation, education, sanitation, etc. We follow the Grameen Model (also regarded as a joint liability group).
  • Construction and Real Estate finance: includes loans to developers for construction and development of predominantly affordable residential projects and a small proportion of mixed-use projects. In line with our broader retail strategy, the construction finance vertical is an enabler for providing retail loans under the approved project route, wherein the Company has tie-ups with developers for funding the property buyers under the retail home loan category.
  • Capital Market Finance: includes Loans against Securities, Margin Funding, IPO financing and other structured lending transactions.

Company Promoters :

■ Nirmal Bhanwarlal Jain

IIFL Finance Board of Directors :

NameDesignation
Nirmal Bhanwarlal JainChairman & Whole-time Director
Venkataraman RajamaniManaging Director
Arun Kumar PurwarIndependent Director
Geeta MathurIndependent Director
Vijay Kumar ChopraIndependent Director
Nilesh VikamseyIndependent Director
Vibhore SharmaAdditional Director
Chandran RatnaswamiNon-Executive Director
Ramakrishnan SubramanianAdditional Director

Quick Link :

DRHP Draft Prospectus
RHP Draft Prospectus

IIFL Finance IPO Lead Managers :

■ Edelweiss Financial Services Limited
■ IIFL Securities Limited
■ Equirus Capital Private Limited

IIFL Finance Debenture trustee :

Catalyst Trusteeship Limited
GDA House, Plot No. 85,
Bhusari Colony (Right),
Kothrud, Pune 411 038
Maharashtra, India
Tel: + 91 22 4922 0542
Email: [email protected]
Website: www.catalysttrustee.com

IIFL Finance NCD IPO Registrar :

Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel.: + 91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: www.linkintime.co.in

Company Address :

IIFL Finance Limited
IIFL House, Sun Infotech Park
Road No. 16V, Plot No. B-23
Thane Industrial Area,
Wagle Estate, Thane – 400604
Maharashtra, India
Tel.: +91 22 4103 5000
Fax: +91 22 2580 6654
Website: www.iifl.com

IIFL Finance NCD FAQs:

What is IIFL Finance NCD?
IIFL Finance NCD is Security Bond.

When IIFL Finance NCD will open?
The IIFL Finance NCD is to open on 27 September 2021 and closes on 18 Octobr 2021.

What is the IIFL Finance NCD Size?
IIFL Finance NCD size is ₹1000 Crores.

What is the issue Shelf size of IIFL Finance NCD?
The Fresh issue size of IIFL Finance NCD ₹900 Cr.

What is IIFL Finance NCD Price Band?
IIFL Finance NCD Price Band is ₹1000 Per NCD.

What is IIFL Finance NCD Minimum Lot Size?
The IIFL Finance NCD Minimum Lot Size 10.

What is IIFL Finance NCD Interest Rate?
The IIFL Finance NCD Interest Rate is 8.75% Annual.

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IIFL Finance NCD Bonds 2021 Issue Date, Rating & Interest Rates
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