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Let’s have a detailed review of the company and analytics of the India Infoline Finance Limited NCD release date, NCD issue size, subscription, IIFL NCD allotment, and other details like the company’s background, its financial positions, its promoters, and other related things.

India Infoline Finance Limited NCD – September 2021 Detail

Credit Rating [ICRA] AA (Stable) by ICRA Limited and BWR AA+ Stable by Brickwork Ratings,  CRISIL AA/Stable by CRISIL Ratings Limited
Issue Open Sep 27, 2021
Issue Close Oct 18, 2021
Issue Size (Base) Rs.100 crores
Issue Size (Shelf) Rs.900 crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 10 NCD
Listing At BSE, NSE
Tenor 24, 36, and 60 Months
Series
Payment Frequency Annual, Cumulative
Basis of Allotment First Come First Serve Basis

India Infoline Finance Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security Name India Infoline Finance Limited
Security Type Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Coupon payment frequency Annual, Cumulative
Coupon type
Tenor 24, 36, and 60 Months
Depository NSDL and CDSL
Disbursement SEBI Debt Regulations
Debenture Trustee Catalyst Trusteeship Limited

India Infoline Finance Limited/ IIFL NCD Dates

The opening and the closing date of India Infoline Finance Limited NCD is Sep 27, 2021, to Oct 18, 2021


India Infoline Finance Limited NCD / IIFL NCD Subscription

Day / Date QIB Category 1 NII Category 2 HNI Category 3 RII Category 4 Total Subscription
1st – 10th Day: 27 Sept to 7th Oct 14.30x 19.20x 3.83x 6.54x 7.50x
10th – 20th Day: 8th to 18th Oct 21.20x 20.60x 5.52x 7.42x 9.36x
Shares Offered or Net Issue 100,000 100,000 400,000 400,000 1,000,000

The shares subscribed by the public will be updated here.


India Infoline Finance Limited NCD Allotment Status

Here, you can find the Allotment Status of IIFL NCD.


IIFL NCD Share Offering

Issue of 10,00,000 Equity Shares of face value of Rs.1000/- each for cash for Rs. [ ] per Equity Share (including a share premium of Rs. [ ] per Equity Share) aggregating Rs. [ ] lakhs.

India Infoline Finance Limited NCD Allocation Ratio

NCD Allocation Ratio
Category NCD’s Allocated
QIB – Category 1 10%
NII – Category 2 10%
HNI – Category 3 40%
RII – Category 4 40%

India Infoline Finance Limited NCD /IIFL NCD Offered

NCD’s Offered
Category NCD’s Reserved
QIB – Category 1 100,000
NII – Category 2 100,000
HNI – Category 3 400,000
RII – Category 4 400,000
Total NCD’s 1,000,000

India Infoline Finance Limited NCD Coupon Rates

Series I II III IV V VI VII
Nature Annual Cumulative *Annual Cumulative Monthly Annual Cumulative
Frequency of
Interest
Payment
Annual Cumulative *Annual Cumulative Monthly Annual Cumulative
Minimum
Application
Rs. 10,000/- (10 NCDs) across all series
Face Value Rs. 1,000/-
In Multiples
of thereafter
(In Rs.)
Rs. 1,000/- (1 NCD)
Tenor 24 24 36 36 60 60 60
Coupon (%
per annum) All Category
8.25% NA 8.50% NA 8.42% 8.75% NA
Effective Yield
(per annum) All Category,
8.25% 8.25% 8.49% 8.50% 8.75% 8.75% 8.75%
Mode of
Interest
Payment
Through various modes available
Amount (Rs. /
NCD) All Category
Rs. 1000/- Rs. 1,171.80 Rs. 1000/- Rs. 1,277.60/- Rs. 1000/- Rs. 1000/- Rs. 1,521.41/-
Maturity /
Redemption
Date
24 24 36 36 60 60 60
Put Option
Call Option
N.A. N.A. *N.A. NA NA NA NA

India Infoline Finance Limited NCD Issue Object

The objects of the issue are:

  1. For onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company.
  2. General Corporate Purposes

India Infoline Finance Limited – Company Overview

The Company is a Systemically Important Non-deposit accepting Non-Banking Financial Company (“NBFC-ND-SI”) registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. Their offerings include mortgage loans, gold loans, commercial vehicle finance, MSME finance, construction and real estate finance, capital market finance, and microfinance; catering to both retail and corporate clients.

The Company is a subsidiary of IIFL Holdings Limited, which is one of India’s leading financial services players, primarily engaged in the business of loans and mortgages, wealth and asset management, retail and institutional broking, and investment banking.

IIFL Home Finance is primarily engaged in providing mortgage loans, which includes housing loans and loans against property (“LAP”) and developer loans. Housing loans include finance for purchase of flats, construction of houses, extension and for improvement in the flats/homes and for acquiring plots of land (which are intended to be used for construction of houses). LAP is availed for, working capital requirements, for business and personal use.


India Infoline Finance Limited NCD Lead Managers

Lead Managers
Edelweiss Financial Services Limited

Equirus Capital Private Limited

IIFL Securities Limited


India Infoline Finance Limited NCD Debenture Trustee

Debenture Trustee
Catalyst Trusteeship Limited
GDA House, Plot No. 85,
Bhusari Colony (Right), Kothrud, Pune –411038
Tel:022 49220539
Fax:022– 49220505
Email:ComplianceCTL-Mumbai@ctltrustee.com
Investor Grievance Email:grievance@ctltrustee.com
Website:www.catalysttrustee.com
Contact Person: Umesh Salvi
SEBI Registration No:IND000000034

IIFL NCD Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083
Tel.:+ 91 22 4918 6200
Fax:+ 91 22 4918 6195
Email:iifl.ncd2018@linkintime.co.in
Investor Grievance Email:iifl.ncd2018@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No:INR000004058

India Infoline Finance Limited NCD Ratings

The NCDs proposed to be issued under the Issue have been rated “CRISIL AA/Negative” (pronounced as CRISIL double-A rating with Negative outlook) for an amount of Rs 50,000 million by CRISIL Limited (“CRISIL”) vide their rating letter dated June 26, 2020, and revalidated vide letter dated December 21, 2020, and further revalidated vide letter dated February 08, 2021, and BWR AA+/ Negative (Pronounced as BWR Double A plus with Negative outlook) for an amount of Rs 50,000 million by Brickworks Ratings India Private Limited vide their rating letter dated June 30, 2020, and revalidated vide letter dated December 22, 2020, and further revalidated vide letter dated February 16, 2021.

The aforesaid rating indicates that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.


India Infoline Finance Limited NCD News

News 1 – Download RHP Prospectus


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