India Infoline Finance Limited NCD Dates, Size, Allotment, Subscription, DRHP & more
Last Updated Date: Nov 17, 2022Let’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:
- For onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company.
- 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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