IIFL Finance IPO Date, Price, Analysis & Allotment

The subscription for IIFL Finance Secured, Redeemable, Non-Convertible Bonds (Secured NCDs) will begin on January 6, 2023. The NCDs will be provided at a 9.00% interest rate by IIFL Finance. CRISIL Limited rates IIFL Finance NCD as AA/Stable and ICRA Limited rates it as AA (stable). The NCDs have terms of 24, 36, and 60 months. Details on the IIFL Finance NCD 2023 can be found here.

IIFL

IIFL Home Finance Limited was established in 2009 in Maharashtra. They are a subsidiary of IIFL Finance, one of the top financial service providers in the lending and mortgage market. They offer home loans, gold loans, business loans, including loans against property, as well as financing for medium and small businesses, microfinance, developer and construction finance, and capital market finance. Their offerings are easily accessible to both corporate and retail investors.

IIFL Finance NCD January 2023 Issue Details

NCD Issue OpenJanuary 6, 2023
NCD Issue CloseJanuary 18, 2023
NCD Issue SizeBase: 1000 Cr. | Shelf: 5000 Cr.
Price Band₹1000 per NCD
Interest RateUp to 9.00% ** (Annually)
Minimum Investment10 Bonds (₹1,000)
Listing onBSE and NSE Platform
Credit RatingCRISIL AA/Stable and ICRA AA (stable)
Tenor24, 36, and 60 Months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick Here

IIFL Finance NCD January 2023 Promoters

  • Mr. Nirmal Bhanwarlal Jain
  • Mr. R. Venkataraman

How to Apply IIFL Finance NCD January 2023 Issue?

You can apply both online and offline using your existing Demat account. You can apply by downloading the form from the official website and filling it out completely, along with a cheque for the specified amount. You can take it to one of the collection sites.

IIFL Finance NCD January 2023 Tenure & Interest Rates

IIFL Finance NCD January 2023 Lead Manager

  • Edelweiss Financial Services Ltd
  • Equirus Capital Private Limited
  • IIFL Securities Ltd
  • Trust Investment Advisors Private Limited

IIFL Finance NCD January 2023 Allotment Status

  • IIFL Finance NCD issue allotment available on Linkintime.

IIFL Finance NCD January 2023 FAQs:

Q1. When is IIFL Finance NCD Open?

Ans. IIFL Finance NCD is to open on January 6 and close on January 18, 2023.

Q2. What is IIFL Finance NCD Price?

Ans. The company has fixed the price at ₹1000 per NCD.

Q3. What is IIFL Finance NCD Issue Size?

Ans. The NCD issue size is ₹1000 crores.

Q4. On Which platform the IIFL Finance NCD will list?

Ans. IIFL Finance NCD will list on BSE and NSE Platforms.

Q5. How to apply for IIFL Finance NCD?

Ans. You can apply from your existing Demat account online and offline.

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