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Incorporated in 1995, IIFL Finance Limited is a Mumbai-based Non-deposit taking NBFC company. It is involved in the business of home loans, gold loans, business loans, microfinance, construction, and real estate finance, and capital market finance. IIFL Finance caters to both retail and corporate clients.
IIFL Finance's key strategy is to steadily grow high-quality, diversified retail assets focusing on under-banked segments, with effective risk management and cost optimization through well-defined processes and leveraging technology.
FY21 Portfolio as per products:
| Issue Open | September 27, 2021 - October 8, 2021 |
| Security Name | IIFL Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured 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 | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CRISIL AA/Stable & BWR AA+/ Negative |
| Tenor | 24, 36 and 60 Months |
| Series | |
| Payment Frequency | Annual, Cumulative |
| Basis of Allotment | First Come First Serve Basis |
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 |
| Series | Series I | Series II | Series III | Series IV | Series V | Series VI | Series VII |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor (Months) | 24 | 24 | 36 | 36 | 60 | 60 | 60 |
| Coupon Rate | 8.25% | NA | 8.50% | NA | 8.42% | 8.75% | NA |
| Effective Yield (% per Annum) | 8.25% | 8.25% | 8.49% | 8.50% | 8.75% | 8.75% | 8.75% |
| Amount on Maturity | Rs 1000 | Rs 1,171.80 | Rs 1,000 | Rs 1,277.60 | Rs 1,000 | Rs 1,000 | Rs 1,521.41 |
The Promoters of the Company are Mr. Nirmal Jain and Mr. Venkataraman Rajamani.
| Particulars | For the year/period ended (Rs in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 222,107.25 | 193,502.76 | 178,736.09 | ||
| Total Revenue | 34,362.05 | 26,712.00 | 29,881.31 | ||
| Profit After Tax | 3,425.77 | 1,488.03 | 4,511.09 | ||
The objects of the issue are:
The IIFL Finance NCD September 2021 was subscribed 9.36 times on October 8, 2021 4:59:00 PM. The NCD subscribed 7.42 times in Retail, 5.52 times in HNI, 20.60 times in Non-Institutional, and 21.20 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 7.42x |
| HNI | 5.52x |
| Non-Institutional | 20.60x |
| Institutional | 21.20x |
| Total | 9.36x |
24 3.8 Rating:  Vote Here ... |
IIFL Finance Limited
802, 8th Floor, Hub Town Solaris,
N.S. Phadke Marg, Vijay Nagar,
Andheri East, Mumbai 400069, Maharashtra
Phone: +91 22 6788 1000
Email: csteam@iifl.com
Website: https://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.ncd2021@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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