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NCD Status: Closed [9th Jun 2023 to 22nd Jun 2023]
IIFL Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 300.00 Cr and Shelf issue size of worth Rs 5000.00 Cr. The subscription is opening from 09 Jun 2023 to 22 Jun 2023. The company issues series I to VII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 24, 36 and 60 months with a coupon rate ranging from 8.35% - 9.00% per annum.
Check more about the IIFL Finance Limited NCD including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 9th Jun 2023 |
| NCD Closing Date: | 22nd Jun 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹300.00Cr |
| Issue Size (Shelf): | ₹5000.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE, NSE |
| Tenor: | 24, 36 and 60 Months |
| Rating: | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Series: | Series I to VII |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 9th Jun 2023 |
| NCD Issue Close | 22nd Jun 2023 |
| BSE Code: | 3035 |
| BSE Script Symbol: | IIFLS2 |
| NSE Code: | IIFLS2 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 300000 | 10% |
| Non-Institutional | 1200000 | 10% |
| HNI | 0 | 40% |
| Retail | 1200000 | 40% |
IIFL Finance Limited was established in October 1995. The company is a systemic, non-deposit taking, non-banking finance company registered with the RBI ("NBFC-ND-SI"), serving the credit needs of a wide range of customers through a variety of products. The product range includes housing loans, gold loans, business loans including real estate loans and financing for medium and small enterprises, microfinance, construction and real estate financing, and capital market financing for retail and corporate customers.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-21 | 40,662.05 | 5,968.04 | 760.81 | 53.38 |
| 31-Mar-22 | 45,910.44 | 7,023.61 | 1,188.25 | 64.07 |
| 31-Mar-23 | 53,001.33 | 8,447.11 | 1,607.55 | 89.08 |
| Amount in ₹ Crore | ||||
The company intends to utilize the proceeds from the net issue for the following objects:
IIFL Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 8.35% | NA | 8.50% | NA | 8.65% | 9.00% | NA |
| Effective Yield (% per Annum) | 8.34% | 8.35% | 8.49% | 8.50% | 8.99% | 8.99% | 9.00% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,174.25 | Rs 1,000.00 | Rs 1,277.60 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,539.35 |
Mr. Nirmal Bhanwarlal Jain and Mr. R. Venkatraman are the company promoters.
The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
Last Updated on 2023-06-25T03:30:21+00:00
