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The principal amount of the NCDs to be issued in terms of the Shelf Prospectus, this Tranche I Prospectus together with all interest due and payable on the NCDs, thereof shall be secured by way of first pari-passu/ specified charge by way of hypothecation of identified book debts of the Company, created in favor of the Debenture Trustee, as specifically set out in and fully described in the Debenture Trust Deed, such that a security cover to the extent of 1.0 times of the outstanding principal amounts and interest thereon is maintained at all times until the Maturity Date. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Tranche I Prospectus for Tranche I Issue and the Debenture Trust Deed, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
06-Dec-2024-19-Dec-2024 |
| Security Name |
IIFL HOME FINANCE LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
100 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 400 Crores Aggregating To Rs. 500 Crores. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
CRISIL AA/Stable by CRISIL and IND AA/Stable by IRRPL. |
| Tenor |
24 months,36 Months,60 months,84 Months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8,Series9 |
| Payment Frequency |
Yearly,At the End,Monthly |
| Objects of the Issue: |
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PUBLIC ISSUE BY THE COMPANY OF UPTO 5000000 SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE RS.1000 EACH ("NCD" OR "DEBENTURE"), AMOUNTING UP TO RS. 100 CRORE ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION OF UPTO RS. 400 CRORE ("GREEN SHOE OPTION") AGGREGATING UP TO RS. 500 CRORE ("TRANCHE I ISSUE SIZE" OR "TRANCHE I ISSUE"). THE TRANCHE I ISSUE SIZE IS WITHIN THE SHELF LIMIT OF RS. 3000 CRORE. |
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| Company Promoters |
| IIFL Finance Limited |
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| Lead Managers |
| 1. Trust Investment Advisors Private Limited |
| 2. IIFL CAPITAL SERVICES LIMITED |
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| Registrar to the Issue |
| 1. LINK INTIME INDIA PRIVATE LIMITED |
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