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 OpenSep 27, 2021
Issue CloseOct 18, 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, NSE
Tenor24, 36, and 60 Months
Series
Payment FrequencyAnnual, Cumulative
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 frequencyAnnual, Cumulative
Coupon type
Tenor24, 36, and 60 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 Sep 27, 2021, to Oct 18, 2021


India Infoline Finance Limited NCD / IIFL NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day: 27 Sept to 7th Oct14.30x19.20x3.83x6.54x7.50x
10th – 20th Day: 8th to 18th Oct21.20x20.60x5.52x7.42x9.36x
Shares Offered or Net Issue100,000100,000400,000400,0001,000,000

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
CategoryNCD’s Allocated
QIB – Category 110%
NII – Category 210%
HNI – Category 340%
RII – Category 440%

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

SeriesIIIIIIIVVVIVII
NatureAnnualCumulative*AnnualCumulativeMonthlyAnnualCumulative
Frequency of
Interest
Payment
AnnualCumulative*AnnualCumulativeMonthlyAnnualCumulative
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)
Tenor24243636606060
Coupon (%
per annum) All Category
8.25%NA8.50%NA8.42%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. 1,171.80Rs. 1000/-Rs. 1,277.60/-Rs. 1000/-Rs. 1000/-Rs. 1,521.41/-
Maturity /
Redemption
Date
24243636606060
Put Option
Call Option
N.A.N.A.*N.A.NANANANA

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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