HomeNCD BondsIIFL Finance NCD September 2021

IIFL Finance NCD September 2021

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IIFL Finance NCD September 2021, Issue Date, Review & Interest Rates

About IIFL Finance

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 September 2021 Details

DescriptionDetails
Issue Size Public Issue by IIFL Finance Limited of Secured, Redeemable, Non-Convertible Debentures of face value of Rs 1,000/- for an amount of Rs 1000 million (Base Issue Size) with an option to retain oversubscription up to Rs 9,000 million aggregating up to Rs 10,000 million (the Tranche II Issue Limit) which is within the Shelf Limit of Rs 50,000 million(the Tranche II Issue)
NCD Issue Open 27-Sep-21
NCD Issue Close 18-Oct-21
Security Type Secured Redeemable Non-Convertible Debentures
Price Band Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 Bonds (Rs.10,000)
SeriesI-XI
Credit Rating CRISIL AA/Stable & BWR AA+/ Negative
Payment Frequency Cumulative, Monthly, Annual
Basis of Allotment First Come First Serve Basis
SymbolIIFLU2
Listing At BSE, NSE

Terms of the NCDs

SeriesSeries 1Series 2Series 3Series 4Series 5Series 6Series 7
Tenor24 Months24 Months36 Months36 Months60 Months60 Months60 Months
Frequency of Interest PaymentAnnualCumulativeAnnualCumulativeMonthlyAnnualCumulative
Coupon (% per annum) for NCD Holders in Category I, II, III & IV8.25%NA8.50%NA8.42%8.75%NA
Effective Yield (per annum) for NCD
Holders in Category I, II, III & IV
8.25%8.25%8.49%8.50%8.75%8.75%8.75%
Amount (₹ / NCD) on Ma turity for NCD
Holders in Category I, II, III & IV
₹ 1,000₹ 1,171.80Rs.1000₹ 1,277.60₹ 1,000₹ 1,000₹ 1,521.41

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 September 2021 – Documents

IIFL Finance NCD September 2021 Lead Managers

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

IIFL Finance NCD September 2021 Registrar

IIFL Finance NCD September 2021 – FAQs/

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

The IIFL Finance NCD September 2021 issue open date is on 27th September, 2021

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

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The IIFL Finance NCD issue close date is on 18 October, 2021

What is the price for one NCD for IIFL Finance NCD September 2021 issue?

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

How to Apply IIFL Finance September 2021 issue?

Apply from your demat account, if you don’t have the Demat Account, click here to open the Demat Account.

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

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