April 14, 2025
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IIFL Finance NCD April Tranche I 2025 Details & Guidance
NCD Issue Opens on 7 April 2025
NCD Issue Closes on 23 April 2025
# NCD Review/Guidance is given at the bottom of the post
About the Company:
Founded in 1995, IIFL Finance Limited (formerly India Infoline Finance Limited) is a leading diversified Non-Banking Financial Company (NBFC) headquartered in Mumbai, India. Known for its customer-centric approach and strong retail focus, the company delivers a comprehensive suite of financial products tailored to meet the evolving needs of individuals and businesses.
Core Offerings:
IIFL Finance provides a broad range of lending solutions, including:
- Home Loans
- Gold Loans
- Business Loans
- Microfinance
- Loans Against Securities
Catering primarily to retail customers and Micro, Small, and Medium Enterprises (MSMEs), IIFL focuses on making finance accessible, affordable, and flexible, especially for underserved segments.
Nationwide Network & Global Reach:
With a strong physical presence of 1,000+ branches across India and a team of over 10,500 professionals, IIFL Finance ensures last-mile connectivity in both urban and rural markets.
The company has also expanded globally, establishing operations in Canada, the United States, the United Kingdom, Singapore, Hong Kong, and the United Arab Emirates, extending its footprint and financial expertise internationally.
Backed by Global Investors:
IIFL Finance enjoys the trust and backing of globally renowned investors such as:
- Fairfax Financial Holdings
- General Atlantic
- CDC Group (the UK government’s development finance institution)
With strong institutional support, a robust distribution network, and a commitment to financial inclusion, IIFL Finance continues to be a key player in India’s lending landscape.
Get more details about the company @ http://www.iifl.com
NCD Promoter:
Mr. Nirmal Bhanwarlal Jain and Mr. R. Venkatraman are the company promoters
NCD Rating
The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited and ICRA AA (stable) by ICRA Limited. Such ratings indicated that the instruments have a high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
| IIFL Finance NCD April Tranche I 2025 Detail | |
| Issue Open | April 7, 2025 – April 23, 2025 |
| Security Name | IIFL Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 400.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | |
| Market Lot | |
| Listing At | BSE, NSE |
| Credit Rating | CRISIL AA/Stable by CRISIL Limited and ICRA AA (stable) by ICRA Limited. |
| Tenor | 15, 24, 36 and 60 Months |
| Series | Series I to IX |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Vardhman Trusteeship Private Limited |
| NCD Allocation Ratio | |
| Category ? | NCD’s Allocated |
| Institutional | 20% |
| Non-Institutional | 20% |
| HNI | 30% |
| Retail | 30% |
| IIFL Finance Limited NCD Coupon Rates | |||||||||
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 |
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 15 Months | 15 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 9% | NA | 9.30% | NA | 9.35% | 9.75% | NA | 9.60% | 10.25% |
| Effective Yield (% per Annum) | 9.06% | 9% | 9.30% | 9.30% | 9.76% | 9.74% | 9.75% | 10.03% | 10.24% |
| Amount on Maturity (In Rs.) | Rs 1,000 | Rs 1,113.67 | Rs 1,000 | Rs 1,194.65 | Rs 1,000 | Rs 1,000 | Rs 1,322.28 | Rs 1,000 | Rs 1,000 |
IIFL Finance NCD April Tranche I 2025 Details & Guidance
Objects of the Issue
The company intends to utilize the proceeds from the net issue for the following objects:
- Onward lending, financing, and refinancing the existing indebtedness of the company (payment of the interest and/or repayment /prepayment of the principal of borrowings), and
- General Corporate Purposes.
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| Company Financials | ||||
| IIFL Finance Limited Financial Information (Restated Consolidated) | ||||
| Period Ended | 30.09.24 | 31.03.24 | 31.03.23 | 31.03.22 |
| Assets | 55,372.41 | 62,421.16 | 53,001.32 | 45,910.18 |
| Revenue | 5,201.98 | 10,490.47 | 8,447.11 | 7,006.28 |
| Profit After Tax | 245.09 | 1,974.22 | 1,607.55 | 1,188.25 |
| Net Worth | 11,867.93 | 10,357.16 | 8,790.50 | 6,273.85 |
| Amount in Rs Crore | ||||
Address of the Company
IIFL Finance Limited
IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23, Thane Industrial Area
Wagle Estate, Thane – 400604
NCD Lead Managers
- Trust Investment Advisors Private Limited
- Nuvama Wealth Management Limited
- Iifl Securities Ltd
NCD Registrar
Linkintime India Pvt. Limited
IIFL Finance NCD April Tranche I 2025
IIFL Finance NCD April Tranche I 2025
IIFL Finance NCD April Tranche I 2025 Review by Paresh Gordhandas, CA & Research Analyst
1. Founded in 1995, IIFL Finance Limited (formerly India Infoline Finance Limited) is a leading diversified Non-Banking Financial Company (NBFC) headquartered in Mumbai, India. Known for its customer-centric approach and strong retail focus, the company delivers a comprehensive suite of financial products tailored to meet the evolving needs of individuals and businesses.
2. The NCDs proposed to be issued under this Issue have been rated CRISIL AA/Stable by CRISIL Ratings Limited
3. The company has extra strong track record of profitability during last 3 years.
4. Looking to the risk/return ratio for this NCD, I recommend small investment in this NCD.
