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
| Description | Details |
|---|---|
| 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) |
| Series | I-XI |
| Credit Rating | CRISIL AA/Stable & BWR AA+/ Negative |
| Payment Frequency | Cumulative, Monthly, Annual |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | IIFLU2 |
| Listing At | BSE, NSE |
Terms of the NCDs
| Series | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months |
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative |
| Coupon (% per annum) for NCD Holders in Category I, II, III & IV | 8.25% | NA | 8.50% | NA | 8.42% | 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 | ₹ 1,171.80 | Rs.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?
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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