India Infoline Finance Limited (IIFL) NCD – Upcoming NCD in 2019

IIFL NCD: India Infoline Finance Limited (IIFL), India’s leading financial services company is issuing the Non-Convertible Debenture from 22-January-2019 to 20-February-2019.



India Infoline Finance Limited, IIFL NCD Issue Details
Issue Type Secured Redeemable Non-Convertible Debentures
Issuer India Infoline Finance Limited
Issue Opens 22-January-2019
Issue Closes 20-February-2019
Interest Up to 10.50%
Face Value Rs 1,000 Per NCD
Issue Size Rs 2,000 Crores
Minimum Order 10 NCD (Rs 10,000)
Listing BSE, NSE

(Read: Debenture – Fixed Income Investment)

Objects of the India Infoline Finance Limited, IIFL NCD Issue

According to the India Infoline Finance Limited (IIFL), following are the objects of NCD issue:-

  1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal
    of existing borrowings of our Company (at least 75%), and
  2. General Corporate Purposes (maximum 25%)
Rating India Infoline Finance Limited, IIFL NCD Issue

The two major rating agencies have given the following ratings to the issue:-

  • Brickworks Ratings India Private Limited: BWR AA+/Stable
  • CRISIL Ratings Limited: CRISIL AA/Stable
About India Infoline Finance Limited (IIFL)

India Infoline Finance Limited or IIFL is India’s leading financial service company which was incorporated in the year 2004. It is a subsidiary of IIFL Holdings Limited and a non-deposit taking the non-banking financial company (NBFC). This company is engaged in the business of loans and mortgage, wealth and asset management, retail and institutional banking and investment banking. 

    The main products of the company are mortgage loans, construction and retail finance, gold loan, commercial vehicle finance capital market financing SME loans etc. It operates through more than 1,800 branches with more than 20,000 workforces. It claims to have more than 40 lakh customers.

IIFL provides the following services to its customers:-

  • Mortgage Loan
  • Construction and Real Estate Finance
  • Gold Loan
  • Commercial Vehicle Financing
  • Capital Market Financing
  • SME Loans
  • Microfinance

Following are the key strengths of the company:-

  • Established brand name and support from the promoters
  • A diversified portfolio of products
  • Strong asset quality and low NPA
  • Diversified sources of funding and a strong credit profile
  • Strong physical and digital reach
  • Focus on technology

The total Assent Under Management (AUM) of the company as on 30-Sep-2018 is Rs 363,732.93 million. 

Promoter: The promoter of the company is IIFL Holdings Limited

Registered Office: 12A-10, 13th Floor, Parinee Crescenzo, G Block, C-38 and C-39, Bandra Kurla Complex, Bandra – East, Mumbai 400 051, Maharashtra, India.


(Read: Security Market and Its Structure – Primary Market and Secondary Market)

Lead Managers to the India Infoline Finance Limited, IIFL NCD Issue
  1. Edelweiss Financial Services Limited
  2. IIFL Holdings Limited
  3. ICICI Securities Limited
  4. Trust Investment Advisors Private Limited
India Infoline Finance Limited, IIFL NCD Issue Registrar

Link Intime India Private Limited

India Infoline Finance Limited, IIFL NCD Trustee

Catalyst Trusteeship Limited
GDA House, Plot No. 85, Bhusari Colony (Right), Kothrud, Pune – 411 038

Please click here and go through the tranche prospectus of the issue.
Please visit the product description page of IIFL for further details.

Disclaimer: This post is just an 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 of necessary suggestions. 


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Tags: #debenture #nonconvertible debenture #bond #Investment #NCD #IIFL NCD

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