IIFL Finance Limited is a Mumbai-based Non-deposit taking Non-Banking Financial Company (‘NBFC-ND-SI’) registered with the RBI. The company offers home loans, gold loans, business loans, Microfinance, real estate loan, and capital market finance. It is coming up with a debt offer which is starting for subscription from June 09 to June 22, 2023. Click here to apply in the IIFL Finance Limited NCD.
The company is raising Rs 300 crore from the issue at a price of Rs 1000 each. Investors need to apply for a minimum of 10 NCDs in a lot. The company has received rating of CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited.
IIFL Finance Limited has reserved 10% quota for institutional investors, 10% for non-institutional investors and high net-worth each and 40% for retail investors.
The company will use the net proceeds from the issue towards onward lending, financing, and repayment of interest and principal of existing borrowings and other general corporate purposes.
These NCDs have tenures of 24 months, 36 months, and 60 months. It offers coupon rates from 8.35% to 9.00% based on the selection of investors. The frequency of interest payments will be Monthly, Annual or Cumulative as per the choice of investors. Allotment of these NCDs will be in dematerialized mode only. Application is to be made through ASBA mode only.
Check the coupon rates of NCDs of IIFL Finance Limited:
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 (% per Annum) | 8.35% | NA | 8.50% | NA | 8.65% | 9.00% | NA |
Effective Yield (% per Annum) | 8.34% | 8.35% | 8.49% | 8.50% | 8.99% | 8.99% | 9.00% |
Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,174.25 | Rs 1,000.00 | Rs 1,277.60 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,539.35 |
RHP:
Tax implications:
IIFL Finance NCD Tranche II is managed by Edelweiss Financial Services Ltd, Trust Investment Advisors Private Limited, IIFL Capital Services Ltd, and Equirus Capital Private Limited. Link Intime India Private Ltdis the registrar of NCD and Vardhman Trusteeship Private Limited is debenture trustee to the same.
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.