IIFL Finance Limited, a non-deposit-taking non-banking finance company (NBFC) in India that was established in the year 1995, is issuing the NCD (NON-CONVERTIBLE DEBENTURES). The NCDs are being issued from 9th June 2023 to 22nd June 2023. Through this issue, the company aims at issuing Rs 5000 crores. The company is offering a coupon rate (rate of interest) of up to 9.00% on investments. In this issue, the NCDs will be issued at a price of Rs 1,000 and the minimum order quantity would be 10 NCDs. Let’s delve deeper into the specifics of the IIFL Finance NCD issue and explore more details.
About IIFL Finance Limited
Founded in 1995, IIFL Finance Limited is a prominent Non-Banking Financial Company (NBFC-ND-SI) based in Mumbai, India. They offer a comprehensive suite of financial products catering to a diverse customer base. Their product portfolio includes home loans, gold loans, business loans (including loans against property and financing for medium and small enterprises), microfinance, construction and real estate finance, and capital market finance. With a strong foothold in the financial services sector, IIFL Finance serves both retail and corporate clients.
As of March 31, 2023, their consolidated assets under management reached ₹64,637.64 crores, reflecting steady growth over the years. The company operates through its subsidiaries, including IIFL Home Finance Limited, IIFL Samasta Finance Limited, and IIFL Open Fintech Private Limited, with a widespread presence through 3,119 branches across 500+ cities nationwide.
IIFL Finance NCD 2023 – Issue Details
| Issue Type | Secured, Redeemable, Non-Convertible Debentures |
| Issuer Company | IIFL Finance Limited |
| Issue Opens | 9-June-2023 |
| Issue Closes | 22-June-2023 |
| Coupon Rate (ROI) | Up to 9.00% |
| Face Value | Rs 1,000 |
| Issue Price | Rs 1,000 |
| Minimum Order Quantity | 10 NCD (Rs 10,000) |
| Issue Size | Base – 300 Cr, Shelf – 5000 Cr |
| Listing | BSE |
| Listing Date | Within 6 Working Days of Issue Closing Date |
IIFL Finance NCD 2023 – Objects of the Issue
The Company proposes to utilize the funds towards funding the following objects:
- Onward lending, financing, and refinancing the existing indebtedness of the company (payment of the interest and/or repayment /prepayment of the principal of borrowings), and
- General Corporate Purposes.
Rating of the Indel Money NCD Issue
This NCD issue has been rated CRISIL AA/Stable by Crisil Ratings Limited.
IIFL Finance Limited – Company Contact Details
IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Area, Wagle Estate, Thane – 400
Phone: +91 22 4103 5000
Email: csteam@iifl.com
Website: http://www.iifl.com
IIFL Finance NCD 2023 – Lead Manager of the Issue
The lead manager for this upcoming NCD issue are:
- Edelweiss Financial Services Ltd
- Trust Investment Advisors Private Limited
- IIFL Securities Ltd
- Equirus Capital Private Limited
IIFL Finance NCD 2023 – Registrar of the Issue
The registrar of this upcoming IPO issue is Link Intime India Pvt Ltd.
Issue Documents
Please click here to read the final issue prospectus for detailed information on Sakthi Finance NCD issue 2023.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Investment in securities is subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
