Summary of Issue:

Issue Opens on 3rd March, 2021
Issue Closes on 18th March, 2021
Registrar Link Intime India Pvt Limited
Listing On BSE Limited and National Stock Exchange of India Limited
Issue Price ₹ 1,000 per NCD
Face Value ₹ 1,000 per NCD
Minimum Application ₹ 10,000/- only
Issue Size ₹ 10,000 million (₹ 1000 cr)
Nature Subordinated Redeemable Bonds
Credit Ratings CRISIL AA/Negative and Brickwork AA+/Negative

 

IIFL Finance Limited NCD

Application Form

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Series I* II III
Frequency of Interest Payment Monthly Annual At Maturity
Minimum Application ₹ 10,000 (10 NCDs) across all series
Face Value/ Issue Price (₹/NCD) ₹ 1,000/-
Tenor 87 months 87 months 87 months
Coupon (% per annum) 10.00% 9.60% NA
Effective Yield (% per annum) 10.00% 10.03% 10.03%
Amount (₹/Per NCD) on Maturity ₹ 1,000 ₹ 1,000 ₹ 2,000
Put and Call Option NA NA NA
Mode of Interest Payment Through various modes available

 

  1. With respect to Series where interest is to be paid on an annual basis, relevant interest will be paid on each anniversary of the Deemed Date of Allotment on the face value of the NCDs. The last interest payment under annual Series will be made at the time of redemption of the NCDs.

  2. Subject to applicable tax deducted at source, if any.

  3. Please refer to Schedule D of Tranche I Prospectus for details pertaining to the cash flows of the Company in accordance with the SEBI circular bearing number CIR/IMD/DF/18/2013 dated October 29, 2013 and CIR/IMD/DF-1/122/2016 dated November 11, 2016.

  4. *The Company would allot the Series I Unsecured NCDs, as specified in the Tranche I Prospectus to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Series of NCDs.

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