Opening Date
7 Apr 2025
Closing Date
23 Apr 2025
Yield
UPTO 10.24%
Tenure
UPTO 60 Months
Ongoing IPO
Opening Date
7 Apr 2025
Closing Date
23 Apr 2025
Time to close
Yield
UPTO 10.24%
Tenure
UPTO 60 Months
| Issue Size (Including Green Shoe Option) | 500 | ||
| Face Value | 1000 | ||
| Coupon | UPTO 10.25% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 25 Apr 2025 | ||
| Listing Date (Tentative) | 28 Apr 2025 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | I | II | III | IV | V | VI | VII | VIII | IX |
Nature Of NCDs | Secured Redeemable Non-Convertible Debentures | ||||||||
Who Can Apply | Everyone | ||||||||
Tenure | 15 Months | 15 Months | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months |
Frequency of Interest payment | YEARLY | CUMULATIVE | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY |
Best Coupon Rate (% p.a.) for: | |||||||||
Category 1 | 9.00 % | -N.A.- | 9.30 % | -N.A.- | 9.35 % | 9.75 % | -N.A.- | 9.60 % | 10.25 % |
Category 2 | 9.00 % | -N.A.- | 9.30 % | -N.A.- | 9.35 % | 9.75 % | -N.A.- | 9.60 % | 10.25 % |
Category 3 | 9.00 % | -N.A.- | 9.30 % | -N.A.- | 9.35 % | 9.75 % | -N.A.- | 9.60 % | 10.25 % |
Category 4 | 9.00 % | -N.A.- | 9.30 % | -N.A.- | 9.35 % | 9.75 % | -N.A.- | 9.60 % | 10.25 % |
Effective Yield (% p.a.) for: | |||||||||
Category 1 | 9.06 % | 9.00 % | 9.30 % | 9.30 % | 9.76 % | 9.74 % | 9.75 % | 10.03 % | 10.24 % |
Category 2 | 9.06 % | 9.00 % | 9.30 % | 9.30 % | 9.76 % | 9.74 % | 9.75 % | 10.03 % | 10.24 % |
Category 3 | 9.06 % | 9.00 % | 9.30 % | 9.30 % | 9.76 % | 9.74 % | 9.75 % | 10.03 % | 10.24 % |
Category 4 | 9.06 % | 9.00 % | 9.30 % | 9.30 % | 9.76 % | 9.74 % | 9.75 % | 10.03 % | 10.24 % |
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BondsIndia 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. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Edelweiss Financial Services Limited IPO on BondsIndia's website.
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Application process on BondsIndia platform is simple and seamless.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
IIFL Finance Limited Company Issuer is a Non Banking Financial Company Middle Layer NBFC ML registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. Its offerings include home loans, gold loans, MSME secured loan, MSME unsecured loan, personal loans, supply chain finance, micro finance, construction and real estate finance and capital market finance catering to both retail and corporate clients.
Comfortable capitalisation, supported by demonstrated ability to raise capital and an asset-light business model
The group has demonstrated its ability to raise capital from long-term marquee investors, such as Fairfax and the CDC group in the past. IIFL Finance raised Rs 1,272 crore via rights issue in May 2024 and consolidated networth stood at Rs 13,638 crore with adjusted gearing stood at 2.9 times as on September 30, 2024.
Established track record of operations and extensive branch network; ability to revive market share in the gold loan business will remain a monitorable
Consolidated AUM witnessed a de-growth of 15% over the first half of fiscal 2025 and stood at Rs 66,964 crore as compared to Rs 78,960 crore on March 31, 2024. The decline was driven by the rundown in gold loan portfolio along with momentary slowdown in microfinance portfolio. Majority of the book has been deployed in retail asset classes. Two lending subsidiaries, IIFL Home and IIFL Samasta, are engaged in mortgage finance and microfinance, respectively.
Sustained profitability metrics supported by controlled asset quality
Consolidated RoA and RoMA were 3.4% and 2.3%, respectively, in fiscal 2024 and 3.3% and 2.3%, respectively, for fiscal 2023. On an absolute basis, consolidated net profit was Rs 1,974 crore in the fiscal 2024 and Rs 1,608 crore in fiscal 2023. Ability to keep delinquencies under check and manage credit cost will remain critical for sustaining healthy profitability.
Limited diversity in resource profile with comparatively higher cost of funds ability to restore the volume and quality of funding to pre-embargo levels, is a key rating sensitivity factor
As on September 30, 2024, banks and financial institutions (FIs) constituted 73% of the on-book borrowings of the group-these were primarily in the form of term loans (44%), refinance (16%), short-term borrowings (4%), external commercial borrowings (8%) and others (1%). The remaining 27% of borrowings were in the form of non-convertible debentures (24%), external commercial borrowings from DFIs (1%) and commercial paper (2%). Of this, capital market lenders (such as mutual funds, pension funds, trusts) had limited share. IIFL Finance group has been able to tap the public NCDs route, but the cost of funds remains higher than some of the comparable peers.
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