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Incorporated in 1995, IIFL Finance Limited is a Mumbai-based Non-deposit taking NBFC company. The entity is categorized as a Systemically Important Non-deposit taking Non-Banking Financial Company ("NBFC-ND-SI") registered with the RBI.
They cater to a wide customer base with their extensive range of products in the form of
The customers of the company include both retail and corporate clients.
The total revenue of IIFL Finance Limited for fiscal 2022, 2021, and 2020 were Rs. 70,062.79 million, Rs. 59,896.89 million, and Rs. 49,261.25 million, respectively.
| Issue Open | January 6, 2023 - January 18, 2023 |
| Security Name | IIFL Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs 5,000.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to VII |
| Payment Frequency | Annual, Cumulative and Monthly |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vardhman Trusteeship Private Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 100,000 |
| Non-Institutional | 100,000 |
| HNI | 400,000 |
| Retail | 400,000 |
| Total NCD's | 1,000,000 |
IIFL Finance Limited NCD Coupon Rates
| # | 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.
Mr. Nirmal Bhanwarlal Jain and Mr. R. Venkataraman are the promoters of the company.
| 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 | |||||
The company proposes to utilize the funds for the following objects which are being raised through the Issue:
The IIFL Finance NCD January 2023 was subscribed 5.83 times on January 18, 2023 5:00:00 PM. The NCD subscribed 8.55 times in Retail, 3.86 times in HNI, 7.11 times in Non-Institutional, and 1.54 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 8.55x |
| HNI | 3.86x |
| Non-Institutional | 7.11x |
| Institutional | 1.54x |
| Total | 5.83x |
11 4.0 Rating:  Vote Here ... |
IIFL Finance Limited
IIFL House, Sun Infotech Park, Road No. 16V,
Plot No. B-23, Thane Industrial Area,
Wagle Estate, Thane 400 604
Phone: +91 22 4103 5000
Email: csteam@iifl.com
Website: http://www.iifl.com/
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.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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