IIFL Home Finance NCD July 2021 Details, Issue Price, Date, And Interest Details

IIFL Home Finance launched a non-convertible debenture (NCD) issue, offering yields up to 10.02% for an 87 Months tenor, on Wednesday. You can opt for monthly, annual, or cumulative interest payment options.

The issue which opened on 06th July 2021 will remain open till 28th July 2021. The NCD is being offered in tenors ranging from 87 months and is rated “AA+ Stable” by CRISIL. The issue size is ₹100 crore, with the company retaining the right to keep an additional ₹900 crore from the proceeds.

    IIFL Home Finance NCD July 2021

    IIFL Home Finance NCD July 2021 Detail

    Issue Open Jul 06, 2021 - Jul 28, 2021
    Security Name IIFL Home Finance
    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+/Stable 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 Home Finance NCD Allocation Ratio

    Category NCD's Allocated
    Category 1 0%
    Category 2 0%
    Category 3 0%
    Category 4 0%

    IIFL Home Finance NCD's Offered

    Category NCD's Reserved
    Category 1 100,000
    Category 2 100,000
    Category 3 400,000
    Category 4 400,000
    Total NCD's 1,000,000

    IIFL Home 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% 10.02%
    Amount on Maturity Rs 1000 Rs 1,000 Rs 2,000

    IIFL Home Finance NCD Rating Detail

    The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Stable” and “BWR AA+/ Negative” by Brickwork Ratings India Private Limited. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

    About IIFL Home Finance

    Incorporated in 2009, IIFL Home Finance Ltd is a subsidiary of IIFL Finance, a leading financial service provider engaged in the business of loans and mortgages.

    IIFL's product offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, microfinance, developer and construction finance, and capital market finance; catering to both retail and corporate clients.

    The company's geographical presence spans the length and breadth of the country with 2,372 branches across 500+ cities.

    Company Promoters

    • IIFL Finance Limited (formerly known as IIFL Holdings Limited).

    Company Financials

    Summary of financial Information (Restated Consolidated)

    Objects of the Issue:

    The objects of the Tranche I Issue and the amount proposed to be financed from Net Proceeds:
    1. For the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings - At least 75%.
    2. General Corporate Purposes - Maximum of up to 25%.

    IIFL Home Finance NCD March 2021 Prospectus

    • Red Herring Prospectus

    Company Contact Information

    IIFL Home Finance Ltd
    IIFL House, Sun Infotech Park, Road No. 16V,
    Plot No. B-23, MIDC, Thane Industrial Area,
    Wagle Estate, Thane – 400604, Maharashtra, India

    Phone: +91 22 4103 5000
    Email: secretarialhfc@iifl.com
    Website: https://www.iifl.com/home-loans

    IIFL Home FinanceNCD 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 Home Finance NCD FAQs

    • When is IIFL Home Finance NCD July 2021 public issue coming?

      The IIFL Home Finance NCD March 2021 issue opens on July 06, 2021, and closes on Jul 28, 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 Home Finance NCD 2021 timetable?

      IIFL Home Finance Limited NCD IPO dates are as below:

      IIFL Home Finance NCD March 2021 Issue Timetable

      Bid/Offer Opens OnJul 06, 2021
      Bid/Offer Closes OnJul 28, 2021
      Record Date
      Deemed Date of Allotment
    • Where can I get the IIFL Home Finance NCD March 2021 issue prospectus pdf?

      Sorry, IIFL Home Finance NCD February 2021 DRHP PDF Document is not available at this time.

    • What is IIFL Home Finance NCD July 2021 price? Tell me the pricing of IIFL Home Finance NCD issue?

      IIFL Home Finance NCD July 2021 price is set at ₹1000 per NCD.
    • What is the face value of IIFL Home Finance NCD July 2021?

      The NCDs will be issued at a face value of ₹1000 for each NCD.
    • What is the frequency of interest payment for IIFL Home Finance NCD July 2021?

      The frequency of payment for IIFL Home Finance NCD July 2021 is Monthly, Yearly or Cumulative.
    • What is the minimum application size for investment in IIFL Home Finance NCD July 2021 public issue?

      Each application should be for a minimum of 10 NCDs and multiples of 10 NCD thereof.
    • What is IIFL Home Finance NCD July 2021 closing time?

      IIFL Home Finance NCD July 2021 remains 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.