IPO Details |
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|---|---|---|---|---|---|---|---|---|---|---|---|
Issue Size |
Rs 100 crore (Base issue size) with a green shoe option of Rs 900 crore aggregating upto Rs 1000 crore. |
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Face Value |
Rs 1000 |
Download
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Minimum no of Bonds |
10 |
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Lot Size (Multiplier) |
1 |
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Nature of Instrument |
Secured ,Redeemable , Non-Convertible Debenture |
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Listing |
To be listed on BSE and NSE |
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Exchange Bid Timing( 24 hour format) |
10:00 to 18:00 |
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IPO Details |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Issue Size |
Rs 100 crore (Base issue size) with a green shoe option of Rs 900 crore aggregating upto Rs 1000 crore. |
||||||||||
Face Value |
Rs 1000 |
||||||||||
Minimum no of Bonds |
10 |
||||||||||
Lot Size (Multiplier) |
1 |
||||||||||
Nature of Instrument |
Secured ,Redeemable , Non-Convertible Debenture |
||||||||||
Listing |
To be listed on BSE and NSE |
||||||||||
Exchange Bid Timing( 24 hour format) |
10:00 to 18:00 |
||||||||||
*Allotment on first come first serve basis
ISSUE STRUCTURE |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Option/Series |
I |
II |
III |
IV |
V |
VI |
VII |
VIII |
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frequency of interest payments |
Annual |
Cumulative |
Monthly |
Annual |
Cumulative |
Monthly |
Annual |
Cumulative |
|||
Tenor |
36
|
36
|
60
|
60
|
60
|
84
|
84
|
84
|
|||
Coupon (% per annum) for Secured NCD Holders in all Categories |
8.25% |
NA |
8.20% |
8.50% |
NA |
8.43% |
8.75% |
NA |
|||
Effective Yield (% per annum) for Secured NCD Holders in all Categories |
8.24% |
8.25% |
8.51% |
8.50% |
8.50% |
8.76% |
8.74% |
8.75% |
|||
Redemption Amount ( secured NCD) on Maturity for Secured NCD Holders in all Categories |
1,000 |
1,268.80 |
1,000 |
1,000 |
1,504 |
1,000 |
1,000 |
1,799.75 |
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BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for India Infoline IPO on BondsIndia’s website.
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Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
A retail-focused NBFC with diversified products such as home loans, gold loans, microfinance loans (MFI), MSME business loans, LAP and construction finance.
IIFL Finance has a diversified resource profile and has demonstrated its ability to raise funds through various sources. One of the key sources to raise funds are from assignment and securitisation constituting around 40% of the funding requirement.
IIFL Finance Group is led by a qualified and experienced management team who possess strong experience in the financial services domain. The board of Directors are Mr. Nirmal Jain (the founder of IIFL Group and chairman of IIFL Finance Limited), Mr. R. Venkataraman (co-promoter and managing director of IIFL Finance Limited) and other independent directors. The parent company , IIFL Finance , is a listed company with strong shareholder background.
Asset Credit Quality has been under pressure due the global pandemic in FY20 and FY21. There has been a increase in gross NPA from 1.96% in March 19 to 2.31% in March 20. The loan moratorium had also temporarily bought about a dip in collections.
IIFLs AUM has shown a steady growth from Rs 22281 cr in March 17 to Rs 42264 cr in Dec 20 . However the product mix is highly skewed towards Home Loan and Loan Against Property (LAP), exhibiting limited seasoning, which constitute around 45% of the total AUM.
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