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How to invest in IIFL Finance Limited NCD IPO 2021?



Sept 22, 2021

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How to invest in IIFL Finance Limited NCD IPO 2021?

But the IIFL NCD September IPO 2021 is wholesome!

You might want to sit down for this one. Too good if you already are. The eternal adage of eating healthy food and getting enough sleep just got added with another point: Don’t miss the wholesome investments opportunities . IIFL Finance Limited is all set to open the gates for investors for IPO bidding on the 27th of September this year.
The social unit, which is among the top seven finance conglomerates of India, will offer a breezy online IPO process.If that wasn’t enough, the IPO has been rated AA by the Crisil (independent credit rating agency) and with upto 8.75% percent annual interest and tenure of upto 60 months. All you need to do is feed in your basic details, Bank account and demat details, the number of shares you need and place your bid.

About the Company (company stats, standings, etc.)

Issuer IIFL Finance Ltd
Type of instrument Secured Redeemable Non-Convertible Debentures
Listing Bombay Stock Exchange Limited and National Stock Exchange of India Limited
Issue Size Base Issue of Rs. 100 Crore with an option to retain oversubscription up to Rs. 900 Crore aggregating to Rs. 1000 Crore
Credit Rating “CRISIL AA/Stable” by CRISIL and BWR AA+/ Negative by Brickworks
Face Value Rs. 1000 per NCD
Minimum Investment Rs. 10,000
Issue Opening Date September 27, 2021
Issue Closing Date October 18, 2021 (*with an option of early closure)
Mode of Application UPI and ABSA
Mode of Issuance Dematerialized only
Allotment and allotment ratio First come , first serve basis only QIB 10% , Corporate 10% , HNI 40% and Retail 40% of the overall Issue Size

About the Company

IIFL Finance Limited is one of the leading players in the financial services space in India. It mainly provides a diverse range of loans and mortgages.
These include home loans, gold loans, business loans including loans against property and medium & small enterprise financing, micro finance, developer & construction finance and capital market finance; catering to both retail and corporate clients.
About the Company


  • IIFL Home Finance Limited Provides affordable home loans, small ticket sized home loans, secured MSME Loans and project loans.
  • Samasta Microfinance Limited Provides micro finance services to women enrolled as members and organized as Joint Liability Company (‘JLG’).
The company has a nationwide presence with a thriving network of 2,563 branches across 500+ cities.

Financial Performance

About the Company

Key Strengths

  • Diversified retail lending portfolio with an extensive branch network

    The IIFL Finance group, having consolidated assets under management (AUM) of Rs 42,264 crore as on December 31, 2020 (Rs 37,951 crore as on March 31, 2020; Rs 34,904 crore as on March 31, 2019), is primarily engaged in secured lending across various retail asset classes. IIFL Finance has two lending subsidiaries, IIFL Home and Samasta, which carry out the mortgage finance and microfinance businesses, respectively.
    Retail loans accounted for almost 90% of the AUM as on December 31, 2020, with a high level of granularity (loans of less than Rs 1 crore). Also, more than 40% of the portfolio qualifies under priority sector lending. The group had identified four key segments - home loans, business loans (including loan against property {LAP} and lending to micro small and medium enterprises—MSME), gold loans and microfinance, as key growth drivers over the medium term.
  • Adequate capitalisation

    The IIFL Finance group is adequately capitalised, with a consolidated networth of around Rs 5,233 crore as on December 31, 2020 (Rs 4,766 crore as on March 31, 2020). Networth coverage for net non-performing assets (NPAs) was comfortable at around 22 times as on December 31, 2020 (17 times as on March 31, 2020).The group has demonstrated its ability to raise capital from long-term marquee investors such as Fairfax and the CDC group (Rs 1000 crore raised from CDC in fiscal 2017). Also, the company has recently raised subordinated bonds to boost capitalization levels. Given the growth plans, capitalisation should remain adequate for the current scale of operations. However, the ability to raise capital and manage leverage levels over the medium term will be an important factor.

Credit Risks

  • Limited seasoning of some of the asset classes like home loans and MSME loans

    IIFL Finance group’s loan portfolio has grown at a CAGR of about 25% (last three years). Given the scale up of the loan book in recent years and entry into newer segments, the portfolio remains unseasoned and hence, overall asset quality is yet to be tested through cycles. While certain products have a shorter tenure, and hence, have seen a complete cycle, home loans and MSME lending have limited seasoning so far. Home loans are long tenure products and MSME lending is a recent addition to the product suite. Reported gross NPAs and net NPAs stood at 1.61% and 0.77%, respectively, as on December 31, 2020 (2.31% and 0.97%, respectively, as on March 31, 2020).Also, while increasing focus on small-ticket retail loans will benefit the inherent asset quality over the medium term, ability to underwrite and maintain strong credit practices across asset classes, amid stiff competition from established players, remains to be seen.

Why choose Bonds India?

Bonds India 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. Bonds India brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else. piramal ncd, piramal ncd review, piramal capital ncd, piramal capital ncd 2021, piramal capital and housing finance ncd, piramal capital and housing finance ipo

Bonds India ditches the traditional ways of investing by offering a blockchain-based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose Bonds India 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.

Place you bid in three simple steps

Key in Basic Details > Choose the IPO Series > Place the bid

Application process on Bonds India platform is simple and seamless?

Application process on Bonds India platform is simple and seamless.
  • Click on the details of IIFL Finance Limited Ncd IPO

  • 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!

Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with Bonds India.
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