IIFL Home Finance NCD July 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 Home Finance NCD July 2021 Details
| Description | NCD Details |
|---|---|
| NCD Issue Open | 06-Jul-21 |
| NCD Issue Close | 28-Jul-21 |
| Issue Size | The Company is proposing a Public Issue of Unsecured Subordinated Redeemable Non-Convertible Debentures of Face Value Of Rs. 1,000 each (Unsecured NCDs), for an amount of Rs. 1,000 Million (Base Issue Size) with an option to retain oversubscription up to Rs. 9,000 Million aggregating up to Rs. 10,000 Million (Tranche I Issue Limit) (The Tranche I Issue) which is within the Shelf Limit of Rs. 50,000 Million (Shelf Limit) |
| Price Band | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Series | S1 – 10.00 %, Tenor 87 months, for Category I, II, III & IV Investors – Annual Payment S2 – 9.60 %, Tenor 87 months, for Category I, II, III & IV Investors – Monthly Payment S3 – Payable at Maturity, Rs. 2,000/- for Category I, II, III & IV Investors |
| Minimum Lot size | 10 Bonds (Rs. 10,000) |
| Credit Rating | CRISIL AA/Stable, BWR AA+/ Negative (Assigned) |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Symbol | IIFLU1 |
| Listing At | NSE |
Terms of each series of Unsecured NCDs
| Series | Series 1 | Series 2 | Series 3 |
| Tenor | 87 Months | 87 Months | 87 Months |
| Frequency of Interest Payment | Annual | Monthly | At Maturity |
| Coupon Rate | 10% | 9.60% | NA |
| Effective Yield (%) (per annum) | 10% | 10.03% | 10.02% |
| Amount (₹ / NCD) on Maturity for Unsecured NCD Holders in all Category) | Rs.1000 | Rs.1000 | Rs.2000 |
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 – At least 75%
- General Corporate Purposes – Maximum of up to 25%
IIFL Home Finance NCD July 2021 – Documents
IIFL Home Finance NCD July 2021 Lead Managers
- Edelweiss Financial Services Limited
- Equirus Capital Private Limited
- ICICI Securities Limited
- IIFL Securities Limited
- Trust Investment Advisors Private Limited
IIFL Home Finance NCD July 2021 Registrar
IIFL Home Finance NCD July 2021 – FAQs
When is the IIFL Home Finance NCD July 2021 issue open date ?
The IIFL Home Finance NCD issue open date is on 6th July, 2021
When is the IIFL Home Finance NCD July 2021 issue close date ?
The IIFL Home Finance NCD issue close date is on 28th July, 2021
When is the price for one NCD for IIFL Finance NCD July 2021 issue ?
The price band is Rs 1000 per NCD and minimum lot size is 10 Bonds (Rs. 10,000)
How to Apply IIFL Home Finance July 2021 issue?
Apply from your demat account, if you dont have the Demat Account, Click here to open the 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.