Incorporated in 1995, IIFL Finance Limited operates as a Mumbai-based Non-deposit taking NBFC company. The company holds the distinction of being classified as a Systemically Important Non-deposit taking Non-Banking Financial Company (“NBFC-ND-SI”), duly registered with the Reserve Bank of India (RBI).
With an extensive array of offerings, IIFL Finance caters to a diverse clientele through a comprehensive range of products, which encompass:
- Home Loans
- Gold Loans
- Business Loans, inclusive of loans against property and financing for medium and small enterprises
- Microfinance
- Construction and Real Estate Finance
- Capital Market Finance
The company serves both retail and corporate clients, thereby encompassing a broad spectrum of customers.
The financial performance of IIFL Finance Limited reflects its robust standing. The total revenue figures for fiscal years 2022, 2021, and 2020 were reported as Rs. 70,062.79 million, Rs. 59,896.89 million, and Rs. 49,261.25 million, respectively. These numbers underscore the company’s consistent growth trajectory over the years.
IIFL Finance NCD January 2023 Detail #
| Issue Open | Jan 6, 2023 – Jan 18, 2023 |
| Security Name | IIFL Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 1,000.00 Crores |
| Issue Size (Shelf) | Rs 5,000.00 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 by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to VII |
| Payment Frequency | Annual, Cumulative and Monthly |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vardhman Trusteeship Private Limited |
IIFL Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 |
|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 months | 24 months | 36 months | 36 months | 60 months | 60 months | 60 months |
| Coupon Rate (Retail) | 8.50% | NA | 8.75% | NA | 8.65% | 9.00% | NA |
| Effective Yield (% per Annum) | 8.49% | 8.50% | 8.74% | 8.75% | 9.00% | 8.99% | 9.00% |
| Amount on Maturity | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,286.45 | Rs 1,000.00 | Rs 1,227.00 | Rs 1,539.00 |
NCD Rating #
The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
Company Promoters #
Mr. Nirmal Bhanwarlal Jain and Mr. R. Venkataraman are the promoters of the company.
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 #
IIFL Finance NCD January 2023 Subscription Status #
The IIFL Finance NCD January 2023 was subscribed 5.83 times on Jan 18, 2023 5:00:00 PM. The NCD subscribed 8.55 times in Retail, 3.86 times in HNI, 7.11 times in Non-Institutional, and 1.54 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 8.55x |
| HNI | 3.86x |
| Non-Institutional | 7.11x |
| Institutional | 1.54x |
| Total | 5.83x |
Check Day by Day Bidding Details
Company Contact Information #
IIFL House, Sun Infotech Park, Road No. 16V,
Plot No. B-23, Thane Industrial Area,
Wagle Estate, Thane 400 604Phone: +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/mipo/ipoallotment.html
IIFL Finance NCD January 2023 Lead Manager(s) #
- Edelweiss Financial Services Ltd
- Iifl Securities Ltd
- Equirus Capital Private Limited
- Trust Investment Advisors Private Limited
