But the IPO 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 Home Finance Ltd. is all set to open the gates for investors for IPO bidding on the 8th of December this year.
The social unit, which is among the top seven finance conglomerates of India, will offer a breezy online IPO process through its trading website, based on the UPI payment gateway. If that wasn’t enough, the IPO has been rated AA by the CRISIL (independent credit rating agency) and come with upto 8.75 percent annual interest and tenure of upto 84 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 |
| Face Value | Rs. 1000 per NCD |
| Minimum Investment | Rs. 10,000 |
| Issue Opening Date | December 8, 2021 |
| Issue Closing Date | December 28, 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 Institutional 20% , Non Institutional 10% , HNI 35% , Retail 35% |
About the Company
(Company stats, Standings, etc.)
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
Subsidiaries
-
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
Key Strengths
-
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.
Credit Risks
-
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.
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 IIFL Home Loans NCD IPO on BondsIndia website.
Place you bid in three simple steps
| Key in Basic Details > | Choose the IPO Series > | Place the bid |
|---|
How to invest in IIFL Home Loan NCD IPO December 2021?
Application process on Bonds India 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!
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with Bonds India.
Leave a Comment-
Your email address will not be published. Required fields are marked *