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IIFL Group's non-banking finance arm, IIFL Finance Limited, is a systemically important Non-deposit accepting Non-Banking Financial Company engaged in the business of 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.Subscribe Now
(** as on June 30, 2021)
(^^^For further details refer to the section titled “Issue Related Information” on page 247 of the Tranche II Prospectus dated September 22, 2021.)
|Tranche II Issue Opens on||27th September, 2021|
|Tranche II Issue Closes on||18th October, 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|
(*** with an option to close earlier and/ or extend upto a period as may be determined by the Company.) Kindly refer to the Product Note for details.
(^^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.)
|Frequency of Interest Payment||Annual||Cumulative||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)|
|Coupon (% per annum) for NCD Holders in Category I, II, III & IV||8.25%||NA||8.50%||NA||8.42%||8.75%||NA|
|Effective Yield (per annum) for NCD Holders in Category I, II, III & IV||8.25%||8.25%||8.49%||8.50%||8.75%||8.75%||8.75%|
|Mode of Interest Payment||Through various modes available|
|Amount (₹ per NCD) on Maturity for NCD Holders in Category I, II, III & IV||₹ 1,000||₹ 1,171.80||₹ 1,000||₹ 1,277.60||₹ 1,000||₹ 1,000||₹ 1,521.41|
|Maturity / Redemption Date (Months from the Deemed Date of Allotment)||24||24||36||36||60||60||60|
|Put and Call Option||NA|
|I||Annual||₹ 10,000 (10 NCDs) across all Series||₹ 1,000||₹ 1,000 (1 NCD)||24||8.25%||8.25%||Through various modes available||₹ 1,000||24||NA|
|II||Cumulative||₹ 10,000 (10 NCDs) across all Series||₹ 1,000||₹ 1,000 (1 NCD)||24||NA||8.25%||Through various modes available||₹ 1,171.80||24||NA|
|III#||Annual||₹ 10,000 (10 NCDs) across all Series||₹ 1,000||₹ 1,000 (1 NCD)||36||8.50%||8.49%||Through various modes available||₹ 1,000||36||NA|
|IV||Cumulative||₹ 10,000 (10 NCDs) across all Series||₹ 1,000||₹ 1,000 (1 NCD)||36||NA||8.50%||Through various modes available||₹ 1,277.60||36||NA|
|V||Monthly||₹ 10,000 (10 NCDs) across all Series||₹ 1,000||₹ 1,000 (1 NCD)||60||8.42%||8.75%||Through various modes available||₹ 1,000||60||NA|
|VI||Annual||₹ 10,000 (10 NCDs) across all Series||₹ 1,000||₹ 1,000 (1 NCD)||60||8.75%||8.75%||Through various modes available||₹ 1,000||60||NA|
|VII||Cumulative||₹ 10,000 (10 NCDs) across all Series||₹ 1,000||₹ 1,000 (1 NCD)||60||NA||8.75%||Through various modes available||₹ 1,521.41||60||NA|
(Note: # Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.)
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.
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.
a) 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, refinancing the existing indebtedness of our Company (payment of interest and/or repayment/prepayment of principal of borrowings (collectively, referred to herein as the “Objects”), and;
b) General corporate purposes.
The NCDs proposed to be issued under the Issue have been rated CRISIL AA/Stable (pronounced as CRISIL Double A rating with Negative 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.
The NCDs will be issued at a face value of Rs. 1,000/- per NCD.