IIFL Finance NCD September 2021 description – IIFL Finance (formerly IIFL Holdings Limited) is a Systemically Important Non-deposit taking Non-Banking Financial Company registered with the RBI, catering to the credit requirements of a diverse customer base. The company received a registration as a Non-Banking Financial Company N-13.02386 dated 6 March 2020. Its offerings include the following
Home Loans: include finance for purchase of flats, construction of houses, extension and for improvement in the flats/homes.
Business Loans: include loans against property and small and medium enterprise financing. Loan against property (LAP) is availed for working capital requirements, business use or acquisition of new commercial property.
Gold Loans: includes finance against security of mainly used gold ornaments. It offers loan against gold to small businessmen, vendors, traders, farmers and salaried people for their personal needs as well as for working capital needs.
Microfinance: includes credit support mainly to women, who have either limited or no access to formal banking channels.
Construction and Real Estate finance: includes loans to developers for construction and development of predominantly affordable residential projects and a small proportion of mixed-use projects. Capital Market Finance: includes Loans against Securities, Margin Funding, IPO financing and other structured lending transactions.
Promoter of IIFL Finance – Mr. Nirmal Bhanwarlal Jai
IIFL Finance NCD September 2021 details
| Subscription Dates | 27 September – 8 October 2021 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR100 crore |
| Issue Size (including oversubscription) | INR900 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months |
| Credit Rating | CRISIL AA/Stable outlook BWR AA+/Negative outlook |
| 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 September 2021 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Annual | 8.25% | 8.25% | INR1,000 |
| Series 2 | 24 months | Cumulative | NA | 8.25% | INR1,171.80 |
| Series 3 | 36 months | Annual | 8.50% | 8.49% | INR1,000 |
| Series 4 | 36 months | Cumulative | NA | 8.50% | INR1,277.60 |
| Series 5 | 60 months | Monthly | 8.42% | 8.75% | INR1,000 |
| Series 6 | 60 months | Annual | 8.75% | 8.75% | INR1,000 |
| Series 7 | 60 months | Cumulative | NA | 8.75% | INR1,521.41 |
Registrar of IIFL Finance Non Convertible Debentures
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://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
Phone:Â +91 22 6788 1000
Email:Â : [email protected]
Website:Â www.iifl.com
IIFL Finance NCD September 2021 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (HNI) | Category 4 (Retail) | Total | |
| 8 Oct 2021 | 21.20 | 20.60 | 5.52 | 7.42 | 9.36 |
| 7 Oct 2021 | 14.30 | 19.20 | 3.83 | 6.54 | 7.49 |
| 6 Oct 2021 | 14.30 | 17.88 | 3.35 | 5.83 | 6.89 |
| 5 Oct 2021 | 14.30 | 17.69 | 3.44 | 5.20 | 6.66 |
| 4 Oct 2021 | 14.30 | 19.59 | 2.74 | 4.58 | 6.32 |
| 1 Oct 2021 | 12.50 | 18.97 | 2.54 | 3.75 | 5.66 |
| 30 Sep 2021 | 7.50 | 13.40 | 1.87 | 2.75 | 3.94 |
| 29 Sep 2021 | 7.50 | 11.14 | 1.44 | 1.95 | 3.22 |
| 28 Sep 2021 | 0.00 | 0.70 | 0.79 | 1.23 | 0.87 |
| 27 Sep 2021 | 0.00 | 0.61 | 0.30 | 0.60 | 0.42 |
IIFL Finance NCD September 2021 Allotment Status
IIFL Finance NCD Sep 2021 allotment status will be updated at the website of Link Intime. Click on this link to get allotment status.
IIFL Finance NCD Sep 2021 FAQs
What are IIFL Finance NCD September 2021 offer dates?
IIFL Finance NCD September 2021 offer opens on 27 September 2021 and closes on 18 October 2021. It should be noted that the NCD offer may be closed early in case of full subscription before the closing date.
What is basis of allotment in IIFL Finance NCD September 2021 offer?
IIFL Finance NCD’s will be allotted on a First Come First Serve Basis.
What is the face value and lot size of IIFL Finance NCD September 2021?
The NCD’s will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in IIFL Finance NCD Sep 2021?
The frequency of payment for IIFL Finance NCD Sep 2021 is Monthly, Annual and Cumulative.
