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IIFL Finance NCD 2023

NCD Status: Closed [6th Jan 2023 to 18th Jan 2023]

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IIFL Finance NCD Detail

IIFL Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 1000.00 Cr and Shelf issue size of worth Rs 5000.00 Cr. The subscription is opening from 06 Jan 2023 to 18 Jan 2023. . The company issues series I to VII at an issue price of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The face value of each NCD is Rs 1000. The NCD tenor is 24, 36 and 60 months with a coupon rate ranging from 8.50% - 9.00% per annum.

Check more about the IIFL Finance Limited NCD 2023 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

IIFL Finance NCD Details

NCD Opening Date: 6th Jan 2023
NCD Closing Date: 18th Jan 2023
NCD Type: Secured NCD
Issue Size (Base): ₹1000.00Cr
Issue Size (Shelf): ₹5000.00Cr
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10000
Listing at: BSE, NSE
Tenor: 24, 36, and 60 Months
Rating: CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited.

Series I to VII

Payment Frequency: Annual, Cumulative and Monthly
Basis of Allotment:
Interest on return:
  1. Ranked #1 Broker in India
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 6th Jan 2023
NCD Issue Close 18th Jan 2023
BSE Code: 2885

* - Tentative Dates

Offer Details

Category Name NCD's Reserved NCD's Allocated
Institutional 100000 10%
Non-Institutional 100000 10%
HNI 400000 40%
Retail 400000 40%

About Company - IIFL Finance

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.

IIFL Finance Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Crore

IIFL Finance NCD Objective

The company proposes to utilize the funds for the following objects which are being raised through the Issue:

  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%

IIFL Finance Limited NCD Coupon Rates

#Series 1Series 2Series 3Series 4Series 5Series 6Series 7
Frequency of Interest PaymentAnnualCumulativeAnnualCumulativeMonthlyAnnualCumulative
Tenor24 months24 months36 months36 months60 months60 months60 months
Coupon Rate (Retail)8.50%NA8.75%NA8.65%9.00%NA
Effective Yield (% per Annum)8.49%8.50%8.74%8.75%9.00%8.99%9.00%
Amount on MaturityRs 1,000.00Rs 1,000.00Rs 1,000.00Rs 1,286.45Rs 1,000.00Rs 1,227.00Rs 1,539.00

IIFL Finance NCD Promoters

Mr. Nirmal Bhanwarlal Jain and Mr. R. Venkataraman are the promoters of the company.

IIFL Finance NCD Rating Details

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.

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IIFL Finance NCD Imporatant Links

  • IIFL Finance NCD DRHP >>IIFL Finance NCD Draft Prospectus is not yet available.
  • IIFL Finance NCD RHP >>Document
  • IIFL Finance NCD DRHP Shelf >>Document
  • IIFL Finance NCD RHP Shelf >>Document
  • IIFL Finance NCD Allotment Status >>IIFL Finance NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

IIFL Finance Limited
IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate
Thane ,Maharashtra-400604
Phone: +91 22 4103 5000
Email: [email protected]

IIFL Finance NCD Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]

IIFL Finance NCD Lead Manager

  1. Edelweiss Financial Services Ltd
  2. Iifl Securities Ltd
  3. Equirus Capital Private Limited
  4. Trust Investment Advisors Private Limited
IIFL Finance NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for IIFL Finance? Should I apply in IIFL Finance NCD?

Last Updated on 2023-02-14T23:30:25+00:00

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