IIFL Finance is a Mumbai-based non-deposit taking NBFC company that was founded in 1995. The organisation is listed with the RBI as an NBFC-ND-SI, or Systemically Important Non-Deposit Taking Non-Banking Financial Company. With its wide range of products, the company meets the credit needs of a varied consumer base. Home loans, gold loans, business loans, loans secured by property, financing for small and medium-sized businesses, microfinance, financing for construction and real estate, and capital market financing are among the services it provides to both individual consumers and businesses.
IIFL Finance NCD January 2023 Details
| Subscription Dates | 6 – 18 January 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 100 crores |
| Overall Issue Size (including oversubscription) | INR 1,000 crores |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months |
| Credit Rating | CRISIL AA/Stable ICRA AA (stable) |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 40% Category 4 (Retail): 40% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
NCD Allocation Ratio
| Category | NCD’s Allocated |
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
NCD’s Offered by Category
| Category | NCD’s Reserved |
| Institutional | 100,000 |
| Non-Institutional | 100,000 |
| HNI | 400,000 |
| Retail | 400,000 |
| Total NCD’s | 1,000,000 |
Company Financials
| 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 |
Objects of the Issue
The company proposes to utilize the funds for the following objects which are being raised through the Issue:
- For the purpose of onward lending, financing, and refinancing the existing indebtedness of IIFL Finance Limited – At least 75%
- General Corporate Purposes – Maximum of up to 25%
IIFL Finance NCD January 2023 Prospectus
Company Contact Information
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/
IIFL Finance NCD January 2023 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.ncd2022@linkintime.co.in
Website: https://linkintime.co.in/
IIFL Finance NCD January 2023 Lead Manager(s)
- Edelweiss Financial Services Ltd
- IIFL Securities Ltd
- Equirus Capital Private Limited
- Trust Investment Advisors Private Limited
