HomeNCD BondsIIFL Finance NCD March 2021 – Issue Date, Review & Interest Rates

IIFL Finance NCD March 2021 – Issue Date, Review & Interest Rates

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IIFL Finance NCD March 2021

IIFL Finance Ltd is one of the leading players in the Indian financial services space, engaged in the business of loans and mortgages along with its subsidiaries – IIFL Home Finance Limited and Samasta Microfinance Limited

IIFL’s product offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, micro finance, 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.

IIFL Finance NCD March 2021 Details

DescriptionDetails
NCD Issue Open 03-Mar-21
NCD Issue Close 23-Mar-21
Issue Size Public Issue of (Unsecure NCDs) with a base issue size for an amount of
Rs. 1,000 million with an option to retain over subscription
upto Rs. 9,000 million aggregating to Rs.10,000 million
Price Band Rs 1000 per NCD
Face Value Rs 1000 each NCD
SeriesS1 – 10.00 % Un-Secured NCDs Tenor 87 months, for category I, II, III & IV investors – Annual Option
S2 – 9.60% Un-Secured NCDs Tenor 87 months, for category I, II, III & IV investors – Monthly Option
S3 – Payable at Redemption Rs. 2,000/- for Category I, II, III & IV Investors.
Minimum Lot size 10 Bonds (Rs. 10,000)
Credit Rating CRISIL AA/Negative & BWR AA+/ Negative
Payment Frequency Monthly and Cumulative
Basis of Allotment First Come First Serve Basis
SymbolIIFLU1
Listing At NSE

IIFL Finance NCD March 2021 Lead Managers

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

IIFL Finance NCD March 2021 Registrar 

  • Link Intime India Private Limited

Objects of the Issue

  • For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings
    of the Company
  • General Corporate Purposes

IIFL Finance NCD March 2021 – Documents

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Red Herring Prospectus

IIFL Finance NCD March 2021 – FAQs

When is the IIFL Finance NCD March 2021 issue open date ?

The IIFL Finance NCD issue open date is on 3rd March, 2021

When is the IIFL Finance NCD March 2021 issue close date ?

The IIFL Finance NCD issue close date is on 23rd March, 2021

When is the price for one NCD for IIFL Finance NCD March 2021 issue ?

The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)

How to Apply IIFL Finance March 2021 issue?

Apply from your demat account. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.

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