IIFL Finance NCD January 2023 description – Incorporated in 1995, IIFL Finance 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.
The company caters to the credit requirements of a diverse customer base with its plethora of products. Its offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, micro finance, construction and real estate finance and capital market finance, catering to both retail and corporate clients.
Its 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.
IIFL Finance revenue from operations on a consolidated basis grew at a CAGR of 10.68% and on a standalone basis grew at a CAGR of 10.89% over the last three Fiscals Years. The total revenue of IIFL Finance for fiscal 2022, 2021, and 2020 were INR 7,006.28 crore, INR 5,989.69 crore, and INR 4,926.13 crore, respectively.
Promoters of IIFL Finance – Mr. Nirmal Bhanwarlal Jain, Mr. R. Venkataraman
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 |
IIFL Finance NCD January 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Annual | 8.50% | 8.49% | INR 1,000 |
| Series 2 | 24 months | Cumulative | NA | 8.50% | INR 1,177.50 |
| Series 3 | 36 months | Annual | 8.75% | 8.74% | INR 1,000 |
| Series 4 | 36 months | Cumulative | NA | 8.75% | INR 1,286.45 |
| Series 6 | 60 months | Monthly | 8.65% | 9% | INR 1,000 |
| Series 7 | 60 months | Annual | 9% | 8.99% | INR 1,227 |
| Series 8 | 60 months | Cumulative | NA | 9% | INR 1,539 |
IIFL Finance Non Convertible Debentures Lead Manager
EQUIRUS CAPITAL PRIVATE LIMITED
12th Floor, C Wing,
Marathon Futurex, N.M. Joshi Marg,
Lower Parel, Mumbai 400 013
Phone: +91 22 4332 0736
Email: [email protected]
Website: www.equirus.com
IIFL Finance Non Convertible Debentures Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in
IIFL Finance NCD Documents
IIFL Finance Contact Details
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: [email protected]
Website: www.iifl.com
IIFL Finance NCD January 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 18 Jan 2023 | 1.54 | 7.11 | 3.87 | 8.86 | 5.92 |
| 17 Jan 2023 | 1.54 | 6.66 | 3.87 | 8.16 | 5.60 |
| 16 Jan 2023 | 1.54 | 5.90 | 3.35 | 7.43 | 5.02 |
| 13 Jan 2023 | 1.54 | 5.32 | 3.77 | 6.46 | 4.65 |
| 12 Jan 2023 | 1.54 | 5.21 | 3.70 | 6.26 | 4.63 |
| 11 Jan 2023 | 0.03 | 4.86 | 3.29 | 5.27 | 3.88 |
| 10 Jan 2023 | 0.03 | 4.59 | 2.22 | 4.57 | 3.14 |
| 9 Jan 2023 | 0.03 | 4.21 | 2.12 | 3.75 | 2.74 |
| 6 Jan 2023 | 0.02 | 2.27 | 2.04 | 1.91 | 1.81 |
IIFL Finance NCD January 2023 Allotment Status
IIFL Finance NCD January 2023 allotment status will be updated at the website of Link Intime India Private Limited website. Click on this link to get allotment status.
IIFL Finance NCD January 2023 FAQs
What is the face value and lot size of IIFL Finance NCD January 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in IIFL Finance NCD January 2023?
The frequency of payment for IIFL Finance NCD is Monthly,  Annual & Cumulative.
What is basis of allotment in IIFL Finance NCD January 2023 offer?
IIFL Finance NCDs will be allotted on a First Come First Serve Basis.
