IIFL Finance Limited NCD Detail - IIFL Finance NCD March 2021

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

    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
    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 Ltd
    Link 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 OnMar 03, 2021
      Bid/Offer Closes OnMar 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.