IIFL Home Finance launched a non-convertible debenture (NCD) issue, offering yields up to 10.02% for an 87 Months tenor, on Wednesday. You can opt for monthly, annual, or cumulative interest payment options.
The issue which opened on 06th July 2021 will remain open till 28th July 2021. The NCD is being offered in tenors ranging from 87 months and is rated “AA+ Stable” by CRISIL. The issue size is ₹100 crore, with the company retaining the right to keep an additional ₹900 crore from the proceeds.
IIFL Home Finance NCD July 2021 Detail
| Issue Open | Jul 06, 2021 - Jul 28, 2021 |
| Security Name | IIFL Home Finance |
| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 900.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 10 NCD |
| Listing At | BSE |
| Credit Rating | The NCDs have been rated CRISIL AA+/Stable by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. |
| Tenor | 87 months |
| Series | |
| Payment Frequency | Monthly, Yearly or Cumulative |
| Basis of Allotment | First Come First Serve Basis |
IIFL Home Finance NCD Allocation Ratio
| Category | NCD's Allocated |
|---|---|
| Category 1 | 0% |
| Category 2 | 0% |
| Category 3 | 0% |
| Category 4 | 0% |
IIFL Home Finance NCD's Offered
| Category | NCD's Reserved |
|---|---|
| Category 1 | 100,000 |
| Category 2 | 100,000 |
| Category 3 | 400,000 |
| Category 4 | 400,000 |
| Total NCD's | 1,000,000 |
IIFL Home Finance NCD Coupon Rates for Eash Series
| Series 1 | Series 2 | Series 3 | |
|---|---|---|---|
| Frequency of Interest Payment | Annual | Monthly | At Maturity |
| Nature | Unsecured | Unsecured | Unsecured |
| Tenor | 87 months | 87 months | 87 months |
| Coupon Rate | 10% | 9.60% | NA |
| Effective Yield (% per Annum) | 10% | 10.03% | 10.02% |
| Amount on Maturity | Rs 1000 | Rs 1,000 | Rs 2,000 |
IIFL Home Finance NCD Rating Detail
The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Stable” and “BWR AA+/ Negative” by Brickwork Ratings India Private Limited. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
About IIFL Home Finance
Incorporated in 2009, IIFL Home Finance Ltd is a subsidiary of IIFL Finance, a leading financial service provider engaged in the business of loans and mortgages.
IIFL's product offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, microfinance, 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.
Company Promoters
- IIFL Finance Limited (formerly known as IIFL Holdings Limited).
Company Financials
Summary of financial Information (Restated Consolidated)
Objects of the Issue:
- For the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings - At least 75%.
- General Corporate Purposes - Maximum of up to 25%.
IIFL Home Finance NCD March 2021 Prospectus
- Red Herring Prospectus
Company Contact Information
IIFL Home Finance Ltd
IIFL House, Sun Infotech Park, Road No. 16V,
Plot No. B-23, MIDC, Thane Industrial Area,
Wagle Estate, Thane – 400604, Maharashtra, India
Phone: +91 22 4103 5000
Email: secretarialhfc@iifl.com
Website: https://www.iifl.com/home-loans
IIFL Home FinanceNCD February 2021 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: iifl.ncd2020@linkintime.co.in
Website: http://www.linkintime.co.in
IIFL Home Finance NCD FAQs
When is IIFL Home Finance NCD July 2021 public issue coming?
The IIFL Home Finance NCD March 2021 issue opens on July 06, 2021, and closes on Jul 28, 2021, for the subscription.Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day. The allotment is done on a First Come First Serve Basis.
What is IIFL Home Finance NCD 2021 timetable?
IIFL Home Finance Limited NCD IPO dates are as below:IIFL Home Finance NCD March 2021 Issue Timetable
Bid/Offer Opens On Jul 06, 2021 Bid/Offer Closes On Jul 28, 2021 Record Date Deemed Date of Allotment Where can I get the IIFL Home Finance NCD March 2021 issue prospectus pdf?
Sorry, IIFL Home Finance NCD February 2021 DRHP PDF Document is not available at this time.What is IIFL Home Finance NCD July 2021 price? Tell me the pricing of IIFL Home Finance NCD issue?
IIFL Home Finance NCD July 2021 price is set at ₹1000 per NCD.What is the face value of IIFL Home Finance NCD July 2021?
The NCDs will be issued at a face value of ₹1000 for each NCD.What is the frequency of interest payment for IIFL Home Finance NCD July 2021?
The frequency of payment for IIFL Home Finance NCD July 2021 is Monthly, Yearly or Cumulative.What is the minimum application size for investment in IIFL Home Finance NCD July 2021 public issue?
Each application should be for a minimum of 10 NCDs and multiples of 10 NCD thereof.What is IIFL Home Finance NCD July 2021 closing time?
IIFL Home Finance NCD July 2021 remains open for subscription on working days from 10:00 a.m. to 5:00 p.m until Mar 09, 2021. The bid may close earlier in case it is fully subscribed.
