Incorporated in 1995, IIFL Finance Limited is a Mumbai-based NBFC company. IIFL offers home loans, gold loans, business loans including loans against property and medium and small enterprise financing, microfinance, construction and real estate finance, and capital market finance; catering to both retail and corporate clients.
As at December 31, 2020, March 31, 2020, March 31, 2019 and March 31, 2018, company’s consolidated assets under management were Rs 4,22,641.05 million, Rs 379,511.30 million, Rs 349,034.73 million and Rs 311,336.29 million, respectively.
Key Strengths:
- Diversified product portfolio catering to a wide customer base
- Strong asset quality with a consistently low level of NPAs
- Diversified funding sources and strong credit profile
- Well-defined processes with a strong focus on technology
- Strong physical and digital footprint
- Well established brand along with a strong and experienced management team
IIFL Finance NCD Detail
| Issue Open | Mar 3, 2021 – Mar 18, 2021 |
| Security Name | IIFL Finance Limited |
| 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/Negative by CRISIL Limited BWR AA+/ Negative by Brickworks Ratings India Private Limited. |
| Tenor | 87 Months |
| Series | |
| Payment Frequency | Monthly, Annually, At Maturity |
| Basis of Allotment | First Come First Serve Basis |
Coupon Rates
| 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% | 10.03% |
| Amount on Maturity | Rs 1000 | Rs 1,000 | Rs 2,000 |
Company Promoters:
The Promoters of the Company are Mr. Nirmal Jain and Mr. Venkataraman Rajamani.
Objects of the Issue:
The objects of the issue are:
- For onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company.
- General Corporate Purposes
Registrar & Company Details
| Company Contact Information | IIFL Finance NCD Registrar |
| 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.ncd2020@linkintime.co.in Website: http://www.linkintime.co.in |
