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Know more about IIFL Home Loans

IMPORTANT NOTIFICATION FOR ASBA APPLICANTS:

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Digital India’s fastest growing home finance company with Assets Under Management (AUM) of ₹21,474 crore, as on September 30, 2021.

IIFL Home Finance, a 100% subsidiary of IIFL finance, is a leading technology driven housing finance company which provides loans to low and middle income group across the country. Despite the challenges, it continues to report improving business performance over the last few years with AUM increasing to Rs. 21,474 crore in half year ending on September 30th, 2021, from Rs. 18,158 crore in FY19. It has increased its share of home loans in the overall mix to 73% and reduced its average home loan ticket size to Rs.17 Lacs. IIFL Home Finance Ltd. has a completely digitized home loan onboarding process which has increased its productivity. It has achieved 99% digital onboarding for home loans.

Particulars FY19 FY20 FY21 FY22
Asset Under Management (AUM, Rs. cr) 18,158 18,495 20,694 21,474
Profit After Tax (PAT, Rs cr) 306 245 401 284
Asset Under Management (AUM, Rs. cr) 67% 67% 70% 73%
Home Loan Average Ticket Size (Rs. Lac) 20 19 17 17
HL Digital Onboarding (%) 49% 54% 85% 99%
Return on Assets (ROA %) 2.3% 1.7% 2.6% 3.5%
Return on Equity (ROE %) 22.6% 14.6% 20.6% 25.3%
Cost to Income (%) 36.9% 36.1% 22.3% 21.1%
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Why Subscribe to IIFL HOME LOANS SECURED BONDS 2021?

  • 1. Effective yield ranging from 8.24% to 8.76% p.a for tenor of 36 months, 60 months and 84 months, with various interest payment options like monthly, annual and cumulative. Additional coupon incentive of 0.25% to existing IIFL NCD(s)/Bond(s) holders and/or Equity shareholders of IIFL Finance Ltd.
  • 2. Technology driven housing finance company providing loans to low and middle income group across the country.
  • 3. Reported 12% year on year growth in Assets under Management (AUM) to Rs.21474 cr with profit after tax (PAT) of Rs.284 crore as on half year ending 30 September, 2021.
  • 4. Easily tradeable as the issue will be listed on BSE and NSE.
  • 5. No TDS (tax deducted at source) deduction as the holding will be in dematerialized mode.
  • 6. Rated CRISIL AA by CRISIL Ratings and BWR AA+ by Brickwork Ratings thus carrying a high degree of safety regarding timely servicing of financial obligations.
  • 7. Easy to invest as UPI mechanism has been introduced for retail investors (for application amount of upto ₹ 2 lacs).
 

IIFL HOME LOANS SECURED BONDS 2021 Issue Highlights:


Tranche II Issue Opens on 8th December, 2021
Tranche II Issue Closes on 28th December 2021*
Registrar Link Intime India Pvt Limited
Allotment Allotment First Come First Serve Basis^^
Listing On BSE Ltd and NSE Ltd
Issue Price ₹ 1,000 per NCD
Face Value ₹ 1,000 per NCD
Minimum Application ₹ 10,000 (10 NCDs) & in multiples of ₹ 1,000 (1 NCD)
Tranche II Issue Size ₹ 10,000 million (₹ 1,000 cr)
Nature of Indebtedness Secured Redeemable NCDs
Credit Ratings “CRISIL AA/Stable" by CRISIL and "BWR AA+/Negative" by Brickwork

(^^Allotment in the public issue of debt securities should be made on the basis of the date of upload of each application into the electronic book of the stock exchange. However, on the date of oversubscription, the allotments should be made to the applicants on a proportionate basis.)

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Specific terms for each of the Secured NCDs

Series I II III IV V VI VII VIII
Frequency of Interest Payment Annual Cumulative Monthly Annual Cumulative Monthly Annual Cumulative
Minimum Application ₹ 10,000 (10 NCDs) across all Series
Face Value of NCDs (₹/NCD) ₹ 1,000
In Multiples of thereafter (₹) ₹ 1,000 (1 NCD)
Tenor (months) 36 36 60 60 60 84 84 84
Coupon (% per annum) for NCD Holders in Category I, II, III & IV 8.25% NA 8.20% 8.50% NA 8.42% 8.75% NA
Effective Yield (per annum) for NCD Holders in Category I, II, III & IV 8.24% 8.25% 8.51% 8.50% 8.50% 8.75% 8.74% 8.75%
Nature Indebtness Secured Redeemable Non-Convertible Debentures
Mode of Interest Payment Through various modes available
Amount (₹ per NCD) on Maturity for NCD Holders in Category I, II, III & IV ₹ 1,000 ₹ 1,268.8 ₹ 1,000 ₹ 1,000 ₹ 1,504.00 ₹ 1,000 ₹ 1,000 ₹ 1,799.75
Maturity / Redemption Date (Months from the Deemed Date of Allotment) 24 24 36 36 60 60 60 NA
Put and Call Option NA
I Annual ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 36 8.25% 8.24% Secured Redeemable Non-Convertible Debentures Through various modes available ₹ 1,000 24 NA
II Cumulative ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 36 NA 8.25% Secured Redeemable Non-Convertible Debentures Through various modes available ₹ 1,268.8 24 NA
III Monthly ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 60 8.20% 8.51% Secured Redeemable Non-Convertible Debentures Through various modes available ₹ 1,000 36 NA
IV Annual ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 60 8.50% 8.50% Secured Redeemable Non-Convertible Debentures Through various modes available ₹ 1,000 36 NA
V Cumulative ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 60 NA 8.50% Secured Redeemable Non-Convertible Debentures Through various modes available ₹ 1,504.00 60 NA
VI Monthly ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 84 8.42% 8.75% Secured Redeemable Non-Convertible Debentures Through various modes available ₹ 1,000 60 NA
VII Annual ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 84 8.75% 8.74% Secured Redeemable Non-Convertible Debentures Through various modes available ₹ 1,000 60 NA
VIII Cumulative ₹ 10,000 (10 NCDs) across all Series ₹ 1,000 ₹ 1,000 (1 NCD) 84 NA 8.75% Secured Redeemable Non-Convertible Debentures Through various modes available ₹ 1,799.75 NA NA
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FAQs

  • What is the Tranche II Issue Size?

    Base issue size of ₹1,000 million, with an option to retain oversubscription up to ₹9,000 million aggregating up to ₹ 10,000 million through Tranche II Issue which is within the shelf limit of Rs.50,000 million.

  • What are the Objects of the Tranche II Issue?

    Our Company is in the business of financing, and as part of our business operations, we raise/avail funds for onward lending, for repayment/ prepayment of borrowings and general corporate purposes

    1.Our Company proposes to utilise the funds which are being raised through this Tranche II Issue, after deducting the Issue related expenses to the extent payable by our Company (“Net Proceeds”), towards funding the following objects i.e. onward lending, financing,and for repayment/prepayment of interest and principal the existing indebtedness of our Company (collectively, referred to herein as the “Objects”), and;

    2.General corporate purposes.

  • What is the credit rating for the NCDs?

    The NCDs proposed to be issued under the Issue have been rated CRISIL AA/Stable (pronounced as CRISIL Double A rating with Stable outlook) and BWR AA+/Negative (pronounced as BWR Double A Plus with Negative outlook). The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

  • What is the face value of this NCD?

    The NCDs will be issued at a face value of Rs. 1,000/- per NCD.

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