IIFL Finance Limited is a Non-Banking Financial Company – Middle Layer (NBFC-ML) registered with the Reserve Bank of India (RBI). The company offers a diverse range of financial products to meet the credit needs of both retail and corporate clients. Its offerings include home loans, gold loans, MSME secured and unsecured loans, personal loans, supply chain finance, microfinance, construction and real estate finance, and capital market finance. With a strong nationwide presence, IIFL Finance operates over 2,600 branches across more than 500 cities.
IIFL Finance Limited is a prominent financial services is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹100 crores (“base issue size”) with an option to retain oversubscription up to ₹400 crores, aggregating up to ₹500 crores is being offered by way of this prospectus. The issue opens for subscription on Monday, April 7, 2025 and will close on Wednesday, April 23, 2025. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
IIFL Finance Limited NCD Details:
| Issue opens: | Monday, April 7, 2025 | ||||
| Issue closes: | Wednesday, April 23, 2025 | ||||
| Allotment: | First come First Serve Basis | ||||
| Face Value: | Rs 1000 per NCD | ||||
| Nature of Instrument: | Secured Rated Redeemable Non- Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1NCD | ||||
| Listing: | BSE,NSE | ||||
| Credit Rating: | “Crisil AA/Stable” (pronounced as Crisil double A rating with Stable outlook) by Crisil Ratings Limited (“Crisil”) and “[ICRA] AA (stable)” by ICRA Limited (“ICRA”) | ||||
| Issue Size: | Public issue of Secured Rated Listed Redeemable Non-Convertible Debentures by IIFL FINANCE LIMITED of NCDs for an amount of ₹ 100 Crore (“Base Issue Size”) with a green shoe option up to ₹ 400 Crore aggregating up to ₹ 500 Crore (“Tranche I Issue Size”). | ||||
| Registrar: | MUFG 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
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20% of Overall Issue Size
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30% of Overall Issue Size
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30% of Overall Issue Size
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IIFL Finance Limited NCD
Application form
IIFL Finance Limited Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 20% | 20 | 100 | ||
| Non Institutional Investors | 20% | 20 | 100 | ||
| HNI | 30% | 30 | 150 | ||
| Retail Individual Investors | 30% | 30 | 150 | ||
| Total | 100% | 100 | 500 | ||
IIFL 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 | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Minimum Application | 10,000 (10 NCDs) across all series | ||||||||
| Face Value/ Issue Price of NCDs (₹/ NCD) |
1,000 | ||||||||
| In Multiples of thereafter (₹) |
₹ 1,000 (1 NCD) | ||||||||
| Type of instrument | Secured, Redeemable, Non-Convertible Debentures | ||||||||
| Tenor (in months) | 15 | 15 | 24 | 24 | 36 | 36 | 36 | 60 | 60 |
| Coupon (% per annum) for NCD Holders in Category I, II, III & IV | 9.00% | NA | 9.30% | NA | 9.35% | 9.75% | NA | 9.60% | 10.25% |
| Effective Yield (per annum) for NCD Holders in Category I, II, III & IV |
9.06% | 9.00% | 9.30% | 9.30% | 9.76% | 9.74% | 9.75% | 10.03% | 10.24% |
| Mode of Interest Payment | Through various modes | ||||||||
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV |
1,000 | 1,113.67 | 1,000 | 1,194.65 | 1,000 | 1,000 | 1,322.28 | 1,000 | 1,000 |
| Maturity / Redemption Date (Months from the Deemed Date of Allotment) | 15 | 15 | 24 | 24 | 36 | 36 | 36 | 60 | 60 |
| Nature of indebtedness | Secured | ||||||||
| Put and Call Option | Not Applicable | ||||||||
*The Company shall allocate and allot Series VI 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.