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 – January 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 OpenMarch 3, 2021
Issue CloseMarch 23, 2021
Issue Size (Base)Rs.100 crores
Issue Size (Shelf)Rs.900 crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE
Tenor87 months
Series
Payment FrequencyMonthly, Annually, At Maturity
Basis of AllotmentFirst Come First Serve Basis

India Infoline Finance Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameIndia Infoline Finance Limited
Security TypeUnsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Coupon payment frequencyMonthly, Annually, At Maturity
Coupon type
Tenor87 months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeCatalyst Trusteeship Limited

India Infoline Finance Limited/ IIFL NCD Dates

The opening and the closing date of India Infoline Finance Limited NCD is Mar 3, 2021 to Mar 23, 2021


India Infoline Finance Limited NCD / IIFL NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day : 3rd to 13th March0.01x1.27x1.49x2.66x1.79x
10th – 20th Day : 14th to 23rd March
Shares Offered or Net Issue

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.


India Infoline Finance Limited NCD Share Offering

Issue of 5,22,000 Equity Shares of face value of Rs.1000/- each for cash at a price of 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
CategoryNCD’s Allocated
QIB – Category 10%
NII – Category 20%
HNI – Category 30%
RII – Category 40%

India Infoline Finance Limited NCD /IIFL NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1100,000
NII – Category 2100,000
HNI – Category 3400,000
RII – Category 4400,000
Total NCD’s1,000,000

India Infoline Finance Limited NCD Coupon Rates

SeriesIIIIII
NatureUnsecuredUnsecured*Unsecured
Frequency of
Interest
Payment
AnnualMonthlyAt Maturity
Minimum
Application
Rs. 10,000/- (10 NCDs) across all series
Face ValueRs. 1,000/-
In Multiples
of thereafter
(In Rs.)
Rs. 1,000/- (1 NCD)
Tenor87 months87 months*87 months
Coupon (%
per annum) All Category
10%9.60%NA
Effective Yield
(per annum) All Category,
10%10.03%10.03%
Mode of
Interest
Payment
Through various modes available
Amount (Rs. /
NCD) All Category
Rs. 1000/-Rs. 1,002Rs. 1000/-
Maturity /
Redemption
Date
87 months*87 months87 months
Put Option
Call Option
N.A.N.A.*N.A.

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 micro finance; 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 player, primarily engaged in the business of loans and mortgages, wealth and asset management, retail and institutional broking and investment banking.


India Infoline Finance Limited NCD Lead Managers

Lead Managers
Edelweiss Financial Services Limited

Equirus Capital Private 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

India Infoline Finance Limited 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 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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