IIFL Finance launched a non-convertible debenture (NCD) issue, offering yields up to 10.03% for a 87Months tenor, on Wednesday. You can opt for monthly, annual, or cumulative interest payment options.
The issue which opened on 03rd March 2021 will remain open till 30th March 2021. The NCD is being offered in tenors ranging from 87 months and is rated “AA+” by CRISIL. The issue size is ₹100 crore, with the company retaining the right to keep an additional ₹900 crore from the proceeds.
IIFL Finance NCD March 2021 Detail
| Issue Open | Mar 03, 2021 - Mar 30, 2021 |
| Security Name | IIFL Finance Limited |
| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 900.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 10 NCD |
| Listing At | BSE |
| Credit Rating | The NCDs have been rated CRISIL AA/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. |
| Tenor | 87 months |
| Series | |
| Payment Frequency | Monthly, Yearly or Cumulative |
| Basis of Allotment | First Come First Serve Basis |
IIFL Finance NCD Allocation Ratio
| Category | NCD's Allocated |
|---|---|
| Category 1 (QIB) | 0% |
| Category 2 (NII) | 0% |
| Category 3 (HNI) | 0% |
| Category 4 (RII) | 0% |
IIFL Finance NCD Coupon Rates for Eash Series
| Series 1 | Series 2 | Series 3 | |
|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | At Maturity |
| Nature | Unsecured | Unsecured | Unsecured |
| Tenor | 87 months | 87 months | 87 months |
| Coupon Rate | 10% | 9.60% | NA |
| Effective Yield (% per Annum) | 10% | 10.03% | 10.03% |
| Amount on Maturity | Rs 1000 | Rs 1,000 | Rs 2,000 |
IIFL Finance NCD Rating Detail
Adding Soon
About IIFL Finance
Incorporated in 1995, IIFL Finance Limited is a Mumbai-based NBFC company. IIFL offers 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.
As at December 31, 2020, March 31, 2020, March 31, 2019 and March 31, 2018, company's consolidated assets under management were Rs 4,22,641.05 million, Rs 379,511.30 million, Rs 349,034.73 million and Rs 311,336.29 million, respectively.
Company Promoters
- Mr. Nirmal Jain
- Mr. Venkataraman Rajamani
Company Financials
Summary of financial Information (Restated Consolidated)
Objects of the Issue:
The following objects are proposed to be financed from the Net Proceeds:
1. For onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company.
2. General corporate purposes
IIFL Finance NCD March 2021 Prospectus
- Red Herring Prospectus
Company Contact 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: csteam@iifl.com
Website: https://www.iifl.com/
Muthoot Fincorp NCD February 2021 Registrar
Link Intime India Private LtdLink Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: iifl.ncd2020@linkintime.co.in
Website: http://www.linkintime.co.in
IIFL Finance NCD FAQs
When is IIFL Finance NCD March 2021 public issue coming?
The IIFL Finance NCD March 2021 issue opens on Mar 03, 2021, and closes on Mar 03, 2021, for the subscription.Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.
What is IIFL Finance NCD 2021 timetable?
IIFL Finance Limited NCD IPO dates are as below:IIFL Finance NCD March 2021 Issue Timetable
Bid/Offer Opens On Mar 03, 2021 Bid/Offer Closes On Mar 30, 2021 Record Date Deemed Date of Allotment Where can I get the IIFL Finance NCD March 2021 issue prospectus pdf?
Sorry, Muthoot Fincorp NCD February 2021 DRHP PDF Document is not available at this time.What is Muthoot Fincorp NCD February 2021 price? Tell me the pricing of Muthoot Fincorp Limited NCD issue?
Muthoot Fincorp NCD February 2021 price is set at ₹1000 per NCD.What is the face value of Muthoot Fincorp NCD February 2021?
The NCD's will be issued at a face value of ₹1000 each NCD.What is the frequency of interest payment for Muthoot Fincorp NCD February 2021?
The frequency of payment for Muthoot Fincorp NCD December 2021 is Monthly, Yearly or Cumulative.What is the minimum application size for investment in Muthoot Fincorp NCD February 2021 public issue?
Each application should be for a minimum of 10 NCD's and multiples of 10 NCD thereof.What is Muthoot Fincorp NCD February 2021 closing time?
Muthoot Fincorp NCD February 2021 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until Mar 09, 2021. The bid may close earlier in case it is fully subscribed.
