{"id":5365,"date":"2023-01-04T10:57:15","date_gmt":"2023-01-04T10:57:15","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=5365"},"modified":"2026-02-26T12:42:02","modified_gmt":"2026-02-26T12:42:02","slug":"iifl-finance-ltd-ipo-january-2023-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/","title":{"rendered":"IIFL FINANCE LTD. IPO &#8211; JANUARY 2023, should you invest?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#High_Yield_AAStable_Rated_Minimum_Investment_10k_Only\" >High Yield\u00a0|\u00a0AA\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Bond_overview\" >Bond overview\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Coupon_rates_and_effective_yield_for_each_of_the_series\" >Coupon rates and effective yield for each of the series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Allocation_Ratio\" >Allocation Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Investment_Process_for_MFL_NCD_IPO\" >Investment Process for MFL NCD IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Financial_Overview\" >Financial Overview<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Snapshot_stating_the_Revenue_Expenses_PAT_In_crores\" >Snapshot stating the Revenue, Expenses, PAT (In crores)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Cash_flow_for_last_5_years_In_crores\" >Cash flow for last 5 years (In crores)<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Issue_analysis\" >Issue analysis<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Pros\" >Pros\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Cons\" >Cons\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#About_IIFL_Finance_Ltd\" >About IIFL Finance Ltd.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Quick_walk_through_on_Financials_details_for_2023\" >Quick walk through on Financials details for 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Strengths\" >Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Weakness\" >Weakness<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/#Invest_in_Bond_IPO_online_in_just_5_minutes\" >Invest in Bond IPO online in just 5 minutes<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"High_Yield_AAStable_Rated_Minimum_Investment_10k_Only\"><\/span><strong>High Yield\u00a0|\u00a0AA\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bond_overview\"><\/span><b>Bond overview\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">IIFL Finance Limited is issuing the Non-Convertible Debentures. These NCDs are AA\/Stable rated by CRISIL and ICRA. The NCDs are being issued in seven series: coupon ranges from 8.50% to 9% p.a. and different tenures of 24 months, 36 months and 60 months. The NCDs are secured and redeemable in nature.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5377\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105626\/Capture-4-300x262.jpg\" alt=\"Bond Overiew IIFL FINANCE LTD. IPO\" width=\"568\" height=\"496\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105626\/Capture-4-300x262.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105626\/Capture-4-585x510.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105626\/Capture-4.jpg 641w\" sizes=\"(max-width: 568px) 100vw, 568px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Coupon_rates_and_effective_yield_for_each_of_the_series\"><\/span><b>Coupon rates and effective yield for each of the series<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5368\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-300x108.png\" alt=\"Coupon rates and effective yield\" width=\"591\" height=\"213\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-300x108.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-1024x370.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-768x277.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-1536x555.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-2048x740.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-1170x422.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-1920x693.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094907\/COUPON-2-585x211.png 585w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by <a href=\"https:\/\/www.sebi.gov.in\/\" target=\"_blank\" rel=\"noopener noreferrer\">SEBI<\/a>.\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 <a href=\"https:\/\/goldenpi.com\/collections\/best-ongoing-ipos\" target=\"_blank\" rel=\"noopener noreferrer\">IPO<\/a>. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for IIFL Finance Ltd NCD-IPO.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5369\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094931\/allocation-300x180.png\" alt=\"Allocation Ratio IIFL FINANCE LTD. IPO\" width=\"533\" height=\"320\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094931\/allocation-300x180.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094931\/allocation-1024x615.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094931\/allocation-768x461.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094931\/allocation-1536x923.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094931\/allocation-1170x703.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094931\/allocation-585x351.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04094931\/allocation.png 1653w\" sizes=\"(max-width: 533px) 100vw, 533px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_MFL_NCD_IPO\"><\/span><b>Investment Process for MFL NCD IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can invest in IPOs via GoldenPi in 3 easy steps.<\/span><\/p>\n<p><b>If the investment amount is less than &amp; up to 10 lakhs,<\/b><span style=\"font-weight: 400;\"> retail investors can apply for an IPO online.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5370\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100316\/12-768x384-3-300x150.jpg\" alt=\"Investment Process for MFL NCD IPO\" width=\"534\" height=\"267\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100316\/12-768x384-3-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100316\/12-768x384-3-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100316\/12-768x384-3.jpg 768w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/p>\n<p><b>If the investment amount is more than 10 Lakhs. <\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5371\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100329\/11-768x384-3-300x150.jpg\" alt=\"Investment Process for MFL NCD IPO\" width=\"554\" height=\"277\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100329\/11-768x384-3-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100329\/11-768x384-3-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100329\/11-768x384-3.jpg 768w\" sizes=\"(max-width: 554px) 100vw, 554px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"Snapshot_stating_the_Revenue_Expenses_PAT_In_crores\"><\/span><b>Snapshot stating the Revenue, Expenses, PAT (In crores)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5372\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100343\/revenue-1-300x180.png\" alt=\"Financial Overview of IIFL FINANCE LTD. IPO\" width=\"413\" height=\"248\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100343\/revenue-1-300x180.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100343\/revenue-1-1024x615.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100343\/revenue-1-768x461.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100343\/revenue-1-1536x923.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100343\/revenue-1-1170x703.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100343\/revenue-1-585x351.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04100343\/revenue-1.png 1653w\" sizes=\"(max-width: 413px) 100vw, 413px\" \/><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Cash_flow_for_last_5_years_In_crores\"><\/span><b>Cash flow for last 5 years (In crores)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5375\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04102448\/Capture-1-2-300x166.jpg\" alt=\"Financial Overview of IIFL FINANCE LTD. IPO\" width=\"506\" height=\"280\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04102448\/Capture-1-2-300x166.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04102448\/Capture-1-2-1024x566.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04102448\/Capture-1-2-768x424.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04102448\/Capture-1-2-1170x646.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04102448\/Capture-1-2-585x323.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04102448\/Capture-1-2.jpg 1253w\" sizes=\"(max-width: 506px) 100vw, 506px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc. <\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects the net flows of cash that are used to fund the company.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><b>Ratio Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5376\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105436\/Table-Format-IIFL-ltd.-01-300x264.jpg\" alt=\"Ratio Analysis of IIFL FINANCE LTD. IPO\" width=\"650\" height=\"572\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105436\/Table-Format-IIFL-ltd.-01-300x264.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105436\/Table-Format-IIFL-ltd.-01-768x676.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105436\/Table-Format-IIFL-ltd.-01-585x515.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/04105436\/Table-Format-IIFL-ltd.-01.jpg 900w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_analysis\"><\/span><b>Issue analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"Pros\"><\/span><strong>Pros\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCD is AA rated security with a stable outlook.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The yield offered is 9% which is much higher than FDs.<\/span><\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Cons\"><\/span><strong>Cons\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400; text-align: left;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Average Profitability.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-better-return-fds\"><b>To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"About_IIFL_Finance_Ltd\"><\/span><b>About IIFL Finance Ltd.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The IIFL Finance group&#8217;s listed holding firm, IIFL Finance, is recognised as a systemically important <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/what-is-nbfc-and-what-does-it-signify\/\" target=\"_blank\" rel=\"noopener noreferrer\">NBFC<\/a>. Gold loans, home loans, LAP, business loans, and microloans are among the many retail lending products the organisation offers. These core sectors account for 93% of the group&#8217;s AUM, while the remaining portion is made up of capital market-based lending and construction and developer finance.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/goldenpi.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"aligncenter wp-image-5913 size-full\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05064815\/Learn-the-secrets-of-bonds-debentures-and-IPO-investments-with-Golden-Pi-2.jpg\" alt=\"IIFL FINANCE LTD. IPO \" width=\"1080\" height=\"370\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05064815\/Learn-the-secrets-of-bonds-debentures-and-IPO-investments-with-Golden-Pi-2.jpg 1080w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05064815\/Learn-the-secrets-of-bonds-debentures-and-IPO-investments-with-Golden-Pi-2-300x103.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05064815\/Learn-the-secrets-of-bonds-debentures-and-IPO-investments-with-Golden-Pi-2-1024x351.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05064815\/Learn-the-secrets-of-bonds-debentures-and-IPO-investments-with-Golden-Pi-2-768x263.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/01\/05064815\/Learn-the-secrets-of-bonds-debentures-and-IPO-investments-with-Golden-Pi-2-585x200.jpg 585w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Promoters owned 24.9% of IIFL Finance as of March 2022, while Fairfax Holdings, headed by Mr. Prem Watsa, held 22.3% of the company, and CDC Group PLC held 7.8%.<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Total Employees &#8211; 32452<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Over 8+ million happy customers<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quick_walk_through_on_Financials_details_for_2023\"><\/span><b>Quick walk through on Financials details for 2023<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loan Asset Under Management &#8211; Rs. 55,302 Cr<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">NNPA &#8211; 1.2%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Free Cash &amp; Undrawn lines &#8211; Rs. 8,191 Cr<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Diversified retail lending profile and a wide network of 3,296 branches as of March 2022, spread across 1260 towns\/cities.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adequate Capitalisation with networth of around Rs. 6470 Cr as on March 31, 2022.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Liquidity stays strong with free cash and undrawn lines.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Weakness\"><\/span><b>Weakness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Average Profitability.<\/span><\/li>\n<\/ul>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><b>Invest in Bond IPO online in just 5 minutes<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<div id=\"footable_parent_7832\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <div class=\"pcrstb-wrap\"><table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"7832\" data-filter-delay=\"1000\" aria-label=\"IPO Table - IIFL.csv\"            id=\"footable_7832\"\n           data-unique_identifier=\"ninja_table_unique_id_812251772_7832\"\n           class=\" foo-table ninja_footable foo_table_7832 ninja_table_unique_id_812251772_7832 ui table  nt_type_legacy_table selectable striped vertical_centered  footable-paging-right ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                            <col class=\"ninja_column_6 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                                                                                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_details \">Details <\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_maximumyield \">Maximum yield<\/th><th scope=\"col\"  class=\"ninja_column_2 ninja_clmn_nm_overallissuesize \">Overall Issue Size\t<\/th><th scope=\"col\"  class=\"ninja_column_3 ninja_clmn_nm_creditrating \">Credit Rating<\/th><th scope=\"col\"  class=\"ninja_column_4 ninja_clmn_nm_startdate \">Start Date<\/th><th scope=\"col\"  class=\"ninja_column_5 ninja_clmn_nm_closingdate \">Closing Date<\/th><th scope=\"col\"  class=\"ninja_column_6 ninja_clmn_nm_formoredetails \">For more details<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"134\" class=\"ninja_table_row_0 nt_row_id_134\">\n            <td>IIFL FINANCE LTD. NCD IPO \u2013 JUNE 2023<\/td><td>9%<\/td><td>300 cr<\/td><td>CRISIL AA Stable, ICRA AA Stable <\/td><td>June 9, 2023<\/td><td>June 22, 2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ncd-ipo-june-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"130\" class=\"ninja_table_row_1 nt_row_id_130\">\n            <td>IIFL NCD IPO January 2023 <\/td><td>9%<\/td><td>1000 cr<\/td><td>ICRA, CRISIL AA (Stable)<\/td><td>January 6, 2023<\/td><td>January 18,2023<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-ltd-ipo-january-2023-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"131\" class=\"ninja_table_row_2 nt_row_id_131\">\n            <td>IIFL NCD IPO December 2021<\/td><td>8.75%<\/td><td>100 cr<\/td><td>BWR, CRISIL AA <\/td><td>December 8, 2021<\/td><td>December 28, 2021<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-home-loan-ncd-ipo-december-2021-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"132\" class=\"ninja_table_row_3 nt_row_id_132\">\n            <td>IIFL NCD IPO September 2021<\/td><td>8.75%<\/td><td>1000 cr<\/td><td>CRISIL AA (Stable)<\/td><td>September 27, 2021<\/td><td>October 18, 2021<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/iifl-finance-limited-ncd-ipo-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n            <tr data-row_id=\"133\" class=\"ninja_table_row_4 nt_row_id_133\">\n            <td>IIFL NCD IPO July 2021<\/td><td>10.03%<\/td><td>100 cr<\/td><td>CRISIL AA<\/td><td>July 06, 2021<\/td><td>July 28, 2021<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/iifl\/ncd-ipo-iifl-home-loan-is-issuing-ncds-should-you-invest\/\">More Details <\/a><\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table><\/div>\n    \n    \n    \n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>High Yield\u00a0|\u00a0AA\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only \u00a0 Bond overview\u00a0 IIFL Finance Limited is issuing the Non-Convertible Debentures. These NCDs are AA\/Stable rated&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[153],"tags":[],"class_list":["post-5365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iifl"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IIFL FINANCE LTD. IPO - JANUARY 2023, should you invest? - GoldenPi - JANUARY 2023, should you invest? - GoldenPi<\/title>\n<meta name=\"description\" content=\"Should you invest in IIFL Finance Ltd. IPO - January 2023? 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