\n| Type of instrument\u00a0<\/span><\/td>\n | Secured, Redeemable, NCDs<\/span><\/td>\n<\/tr>\n\n| Listing\u00a0<\/span><\/td>\n | Will be listed on BSE and NSE\u00a0<\/span><\/td>\n<\/tr>\n\n| Credit Rating\u00a0<\/span><\/td>\n | \u2018AA \u2018 CRISIL\u00a0<\/span><\/td>\n<\/tr>\n\n| Issue Size (in Rs.)<\/span><\/td>\n | 1000 Crores<\/span><\/td>\n<\/tr>\n\n| Issue Price (in Rs.<\/span><\/td>\n | Rs. 1000 per NCD<\/span><\/td>\n<\/tr>\n\n| Minimum investment (in Rs.)<\/span><\/td>\n | 10,000<\/span><\/td>\n<\/tr>\n\n| Issue opening date\u00a0<\/span><\/td>\n | Sep 27, 2021<\/span><\/td>\n<\/tr>\n\n| Issue closing date\u00a0<\/span><\/td>\n | Oct 18, 2021<\/span><\/td>\n<\/tr>\n\n| Number of the series\u00a0<\/span><\/td>\n | 7<\/span><\/td>\n<\/tr>\n\n| Allotment\u00a0<\/span><\/td>\n | First come first served<\/span><\/td>\n<\/tr>\n\n| Registrar of the issue<\/span><\/td>\n | Link Intime India Private Ltd<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/span>What are the coupon rates for retail, HNIs, institutional & non-institutional investors?<\/strong><\/span><\/h2>\n\n\n\n| Series\u00a0<\/span><\/td>\n | Payment Frequency<\/span><\/td>\n | Tenure\u00a0<\/span><\/td>\n | Coupon<\/span><\/td>\n<\/tr>\n\n| I<\/span><\/td>\n | Annual<\/span><\/td>\n | 24<\/span><\/td>\n | 8.25%<\/span><\/td>\n<\/tr>\n\n| II<\/span><\/td>\n | Cumulative\u00a0<\/span><\/td>\n | 24<\/span><\/td>\n | NA<\/span><\/td>\n<\/tr>\n\n| III<\/span><\/td>\n | Annual\u00a0<\/span><\/td>\n | 36<\/span><\/td>\n | 8.50%<\/span><\/td>\n<\/tr>\n\n| IV<\/span><\/td>\n | Cumulative\u00a0<\/span><\/td>\n | 36<\/span><\/td>\n | NA<\/span><\/td>\n<\/tr>\n\n| V<\/span><\/td>\n | Monthly\u00a0<\/span><\/td>\n | 60<\/span><\/td>\n | 8.42%<\/span><\/td>\n<\/tr>\n\n| VI<\/span><\/td>\n | Annual\u00a0<\/span><\/td>\n | 60<\/span><\/td>\n | 8.75%<\/span><\/td>\n<\/tr>\n\n| VII<\/span><\/td>\n | Cumulative\u00a0<\/span><\/td>\n | 60<\/span><\/td>\n | NA<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n <\/p>\n <\/span>IIFL NCD: Issue Analysis<\/b>\u00a0<\/span><\/span><\/h2>\nPurpose of issuance\u00a0<\/strong><\/em><\/p>\n\n- The capital can be utilized for the purpose of onward lending, financing, and for repayment\/prepayment of interest and principal of the borrowings.<\/span><\/li>\n
- Business operations\u00a0<\/span><\/li>\n<\/ol>\n
Pros<\/i><\/b><\/p>\n\n- These NCDs are secured and AA-rated hence they are considered to be safe for investment.\u00a0<\/span><\/li>\n
- Primary holders can avail an incentive.<\/span><\/li>\n<\/ul>\n
Cons\u00a0<\/i><\/b><\/p>\n\n- These NCDs are offering average returns.\u00a0<\/span><\/li>\n<\/ul>\n
<\/span>Allocation Ratio for IIFL NCD<\/b><\/span><\/h2>\n![\"Allocation](\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/29033627\/IIFL-FL-AR-300x222.jpg\") <\/p>\n
The allocation ratio of IBHFL NCD IPO is prepared based on norms laid down by SEBI<\/span>. Before\u00a0announcing the allocation ratio, the same has to be approved by SEBI.\u00a0 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.<\/span><\/p>\n <\/p>\n <\/span>About IIFL Finance Limited NCD IPO<\/b><\/span><\/h2>\nIIFL 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.\u00a0<\/span><\/p>\nProbity 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.\u00a0<\/span><\/p>\nAs of <\/span>Jun 30, 2021,<\/span> 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.\u00a0<\/span><\/p>\n\u00a0 (Rupee in Crores)<\/em><\/p>\n![\"Financial](\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/29051622\/IIFL-FL-Financial-Performance-2-300x188.jpg\") <\/p>\n
<\/span>Strengths\u00a0<\/b><\/span><\/h2>\n![\"Strengths](\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/09\/29033940\/IIFL-FL-Strenghts-300x50.jpg\") <\/p>\n
<\/span>Investment Process for JM Financial Products Limited<\/b><\/span><\/h2>\nIPOs 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.<\/span><\/p>\n<\/span>You can invest in IPOs via GoldenPi in 3 easy steps.<\/b><\/span><\/h2>\n | | | | | | | | | | | | | | | | | | |