IIFL Finance Limited NCD IPO: Should you invest?

Secured NCDs  |  AA- Rated  |  Minimum Investment: 10k Only

IIFL Finance is part of the IIFL Group. IIFL Finance is issuing secured and redeemable NCDs. These NCDs are AA-rated by CRISIL. There are seven series with different tenures such as 24 months, 36 months, and 60 months. The NCDs are offering coupons of up to 8.75% p.a. The IPO has been live since 27 September and it closes on 18 October 2021.

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₹10,000

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What are the coupon rates for retail, HNIs, institutional & non-institutional investors?

IIFL NCD: Issue Analysis 

Purpose of issuance 

1. The capital can be utilized for the purpose of onward lending, financing, and for repayment/prepayment of interest and principal of the borrowings.
2. Business operations 

Pros

• These NCDs are secured and AA-rated hence they are considered to be safe for investment. 
• Primary holders can avail an incentive.

Cons 

• These NCDs are offering average returns. 

Allocation Ratio for IIFL NCD

The allocation ratio of IBHFL NCD IPO is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by SEBI.  Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio forIIFL Finance Limited.

About IIFL Finance Limited NCD IPO

IIFL Finance Limited is Non-deposit taking NBFC. The company offers business of home loans, gold loans, business loans, microfinance, construction, and real estate finance, and capital market finance to both retail and corporate clients. 

Probity Research and Services Pvt. Ltd was founded in the year 1995. Probity Research and Services Pvt. Ltd was an Information Services Company in October and same is renamed as IIFL Finance Limited. IIFL Finance Limited is based in Mumbai. IIFL Home Finance Limited and Samasta Microfinance Limited are subsidiaries of IIFL Finance. 

As of Jun 30, 2021, the total AUM has been Rs. 43,160 crores and the total income are Rs. 831 crores. The company has established more than 2500 branches in 500 Indian cities. More than 20,000 employees are working in the company and Mr. Nirmal Jain is the Chairman of the company. 

  (Rupee in Crores)

Strengths 

Investment Process for JM Financial Products Limited

IPOs are facilitated by entities called Lead Managers. Generally, these lead managers are brokerage firms. Investors need to apply for IPO through lead managers, and once the allotment is made, investors will receive the bond units in their Demat account.

You can invest in IPOs via GoldenPi in 3 easy steps.

If the investment amount is less than 10 lakhs 

If the investment amount is less than 10 lakhs, retail investors can apply for an IPO online in three simple steps.

• Select the product- Visit GoldenPi.Com and go to the collection page. Visit the IPO section and choose the issuing company. The product page provides information such as a coupon, yield, maturity, and payment frequency. The product page also displays credit rating and issuer details that help investors to make an appropriate decision. 

• Decide Investment Amount – Decide the amount you want to invest. You need to select the series and the number of units you want to purchase. The calculator displays the total investment amount. 
• Pay via UPI– Now provide UPI handle. You will receive a mandate in the UPI app. Go to the respective UPI app and make payment by approving the mandate. 

If the investment amount is more than 10 Lakhs –

A.Fill up the form with the required information. 

B.Take a photo of your form and share it with your Relationship Manager for bidding on exchange. 

C.Courier the filled up IPO form to our office address as early as possible. The issue closes on the 18th of October,  2021. The earlier you send it, the better it is.

Our Address: IndiQube Orion, Ground Floor,

24th Main Road, Garden Layout, Sector 2,

HSR Layout, Bangalore, Pincode: 560102

To know how to invest in IIFL NCD-IPO online, read this blog. 

IPO allotment

IPO will be allotted to you on a first-come, first-serve basis and credited to your Demat account. 

Dos and Don’ts of IIFL NCD-IPO

• Every individual can submit 5 IPO applications. 
• The Demat account must be active. 
• After applying for an IPO, you can not change your contact details such as email id and cell number until allotment. 
• If you are paying via UPI, then the UPI mandate must be accepted within 48 hours.

Apply Now for IIFL NCD

About GoldenPi Expert

Abhijit Roy | CEO & CO-Founder GoldenPi

With over 15 years of experience across fixed income and debt markets, he brings deep domain expertise along with a strong focus on investor education and transparency. An alumnus of IIT Kharagpur and IIM Calcutta, his views are personal and should not be considered investment advice.

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