IIFL Home Finance Limited NCD Company Profile:
IIFL Home Finance Limited is a subsidiary of IIFL Finance Limited, a prominent player in the Indian financial services sector. Headquartered in Gurgaon, the company specializes in offering loans for the purchase, construction, and renovation of homes, as well as SME secured loans for business and personal needs. Additionally, it provides construction finance loans to developers involved in building affordable housing.
- Home Loans
- Balance Transfer loan
- NRI Loans
- Home Improvement Loan
- Secured Business Loan
- Home Loan for Uniformed Services
Public issue by IIFL Home Finance Limited of secured, rated, listed, redeemable, non-convertible debentures of face value of ₹ 1,000 each aggregating up to ₹ 100 crore (“Base Issue”), with an option to retain over-subscription up to ₹ 400 crore, aggregating up to ₹ 500 crore, on the terms and in the manner set forth in the Prospectus .The issue opens for subscription on Friday, 06th December, 2024 and will close on Thursday, 19th December, 2024. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
IIFL Home Finance Limited NCD Details :
Issue opens: | Friday, December 06,2024 | ||||
Issue closes: | Thursday, December 19,2024 | ||||
Allotment: | First come First Serve Basis | ||||
Face Value: | Rs 1000 per NCD | ||||
Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | ||||
Minimum Application: | 10 NCDs (Rs.10,000) | ||||
Listing: | BSE,NSE | ||||
Credit Rating: | CRISIL AA/Stable given by CRISIL and IND AA/Stable by India Rating | ||||
Issue Size: | Public issue of Secured Redeemable Non-Convertible Debentures by IIFL Home
Finance Limited (“the Company”) of NCDs for an amount of ₹ 100 Crore (“Base Issue Size”), with an option to retain oversubscription up to ₹ 400 Crore (“Green Shoe Option”) Aggregating up to ₹ 500 Crore (“Tranche I Issue size or Tranche I Issue”). |
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Registrar: | Link Intime India Private Limited | ||||
Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
Category Allocation of the overall Issue Size | 20% of Overall Issue Size
|
20% of Overall Issue Size
|
30% of Overall Issue Size
|
30% of Overall Issue Size
|
IIFL Home Finance Limited NCD Issue Break Up:
Base issue IssueInstitutional Investors 20%20100Non Institutional Investors 20%20100HNI 30%30150Retail Individual Investors 30%30150Total 100%100500
IIFL Home Finance Limited NCD Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
Yield (p.a.)
Series | I | II | III | IV** | V | VI | VII | VIII | IX |
Frequency of Interest Payment | Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Annual |
Tenor ( in Months) | 24 | 24 | 36 | 36 | 36 | 60 | 60 | 60 | 84 |
Coupon (% per annum) for NCD Holders in all Categories | 8.85% | NA | 8.65% | 9.00% | NA | 8.90% | 9.25% | NA | 9.25% |
Effective Yield (% per annum) for NCD Holders in all Categories | 8.85% | 8.85% | 9.00% | 9.00% | 9.00% | 9.27% | 9.25% | 9.25% | 9.25% |
Redemption Amount (₹ / NCD) on Maturity for NCD Holders in all Categories |
₹1,000 | ₹1,184.85 | ₹1,000 | ₹1,000 | ₹1,295.20 | ₹1,000 | ₹1,000 | ₹1557 | ₹1,000 |
Put and Call Options | NA |
** The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.