Opening Date
8 Dec 2021
Closing Date
28 Dec 2021
Yield
Upto 8.76%
Tenure
Upto 84 Months
Ongoing IPO
Opening Date
8 Dec 2021
Closing Date
28 Dec 2021
Time to close
Yield
Upto 8.76%
Tenure
Upto 84 Months
| Issue Size (Including Green Shoe Option) | 1,000 | ||
| Face Value | 1000 | ||
| Coupon | Upto 8.75% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 7 Jan 2022 | ||
| Listing Date (Tentative) | 10 Jan 2022 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | I | II | III | IV | V | VI | VII | VIII |
Nature Of NCDs | Secured Redeemable Non-Convertible Debenture | |||||||
Who Can Apply | Everyone | |||||||
Tenure | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 84 Months | 84 Months | 84 Months |
Frequency of Interest payment | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE |
Best Coupon Rate (% p.a.) for: | ||||||||
Category 1 | 8.25 % | -N.A.- | 8.20 % | 8.50 % | -N.A.- | 8.43 % | 8.75 % | -N.A.- |
Category 2 | 8.25 % | -N.A.- | 8.20 % | 8.50 % | -N.A.- | 8.43 % | 8.75 % | -N.A.- |
Category 3 | 8.25 % | -N.A.- | 8.20 % | 8.50 % | -N.A.- | 8.43 % | 8.75 % | -N.A.- |
Category 4 | 8.25 % | -N.A.- | 8.20 % | 8.50 % | -N.A.- | 8.43 % | 8.75 % | -N.A.- |
Effective Yield (% p.a.) for: | ||||||||
Category 1 | 8.24 % | 8.25 % | 8.51 % | 8.50 % | 8.50 % | 8.76 % | 8.74 % | 8.75 % |
Category 2 | 8.24 % | 8.25 % | 8.51 % | 8.50 % | 8.50 % | 8.76 % | 8.74 % | 8.75 % |
Category 3 | 8.24 % | 8.25 % | 8.51 % | 8.50 % | 8.50 % | 8.76 % | 8.74 % | 8.75 % |
Category 4 | 8.24 % | 8.25 % | 8.51 % | 8.50 % | 8.50 % | 8.76 % | 8.74 % | 8.75 % |
Application process on BondsIndia platform is simple and seamless.
•Click on the details of the company on the home page
•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details
•Then, confirm the quantity and price and select payment method.
•That's all folks , bidding complete!
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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 Edelweiss Financial Services Limited IPO on BondsIndia's website.
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Application process on BondsIndia platform is simple and seamless.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
Rs 44,249 cr
2.30%
1.10%
IIFL Home Finance Limited, a company incorporated under the Companies Act, 1956 (CIN:U65993MH2006PLC166475) and registered as a Housing Finance Company with the National Housing Bank vide Certificate of Registration (COR) No. 09.0175.18 dated September 25, 2018
The Company is a subsidiary of IIFL Finance Limited which is a NBFC registered with the Reserve Bank of India (RBI).
Widespread Network :125+ Branches Across India, 2000+ Employees
Products: Affordable Home Loan. Non Metro Housing Loan, Home Purchase, Home Renovation , Home Construction and Plot Purchase
AUM 14000 Cr+ , GNPA1.5% , NPA 1.00%, LTV 71%, Average Ticket Size 16 Lakhs, 99% Collection Efficiency ( Q4FY 21)
Diversified Business Profile
A retail-focused NBFC with diversified products such as home loans, gold loans, microfinance loans (MFI), MSME business loans, LAP and construction finance.
Diversified Resource Mix
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.
Experienced Management and strong ownership
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.
Impact on asset quality due to Covid-19
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
Limited loan seasoning
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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