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| Issue Size (Base) | ₹1000.00 Cr |
| Issue Size (Shelf) | ₹5000.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE, NSE |
| Tenor | 24, 36, and 60 Months |
| Credit Rating | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Series | Series I to VII |
| Payment Frequency | Annual, Cumulative and Monthly |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 34373.41 | 4926.12 | 503.47 | 4667.66 | 27098.68 |
| 31-Mar-21 | 40666.92 | 5989.69 | 760.81 | 5265.75 | 31595.37 |
| 31-Mar-22 | 45910.18 | 7006.28 | 1188.25 | 6279.76 | 35255.97 |
| Amount in ₹ Crore | |||||
Mr. Nirmal Bhanwarlal Jain and Mr. R. Venkataraman are the promoters of the company.
The company proposes to utilize the funds for the following objects which are being raised through the Issue:
| # | Issue Objects |
|---|---|
| 1 | For the purpose of onward lending, financing, and refinancing the existing indebtedness of IIFL Finance Limited - At least 75% |
| 2 | General Corporate Purposes - Maximum of up to 25% |
| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 months | 24 months | 36 months | 36 months | 60 months | 60 months | 60 months |
| Coupon Rate (Retail) | 8.50% | NA | 8.75% | NA | 8.65% | 9.00% | NA |
| Effective Yield (% per Annum) | 8.49% | 8.50% | 8.74% | 8.75% | 9.00% | 8.99% | 9.00% |
| Amount on Maturity | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,286.45 | Rs 1,000.00 | Rs 1,227.00 | Rs 1,539.00 |
The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
IIFL Finance Limited was incorporated at Mumbai on October 18, 1995, with the name Probity Research & Services Private Limited. This Company is a Systemically Important Non-deposit taking Non-Banking Financial Company ('NBFC-ND-SI') registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. They offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, micro finance, construction and real estate finance and capital market finance, catering to both retail and corporate clients.
During the three years ended September 30, 2022 and Fiscal 2022, the Company's total income, on a consolidated basis, amounted to Rs 40,266.16 million and Rs 70,062.79 million as compared to Rs 59,896.89 million for the Fiscal 2021 and Rs 49,261.25 million for the Fiscal 2020. Its profit before tax on a consolidated basis for the half year ended September 30, 2022 and for the Fiscal 2022 stood at Rs 9,633.43 million and Rs 15,359.84 million.
During the half year ended September 30, 2022 and Fiscal 2022, this Company's total income, on a standalone basis, amounted to Rs 20.103.79 million and Rs 40,892.54 million as compared to Rs 34,362.04 million for the Fiscal 2021 and Rs 26,712.00 million for the Fiscal 2020. The profit before tax on a standalone basis for the half year ended September 30, 2022 and Fiscal 2022 stood at Rs 5,032.36 million and Rs 9,673.75 million.
