IIFL Finance Limited — Important, 28-11-2024: General Updates

IIFL Home Finance Limited is set to launch a public issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹1,000 each. The base issue size is ₹100 crore, with an option to retain oversubscription up to ₹400 crore, totaling ₹500 crore under a shelf limit of ₹3,000 crore. The prospectus has been filed, and the issue will open for subscription as per the prescribed timeline.

The NCDs will be listed on the National Stock Exchange of India and BSE Limited. Interest rates for different series range from 8.65% to 9.25% per annum, with maturities set between 24 to 84 months. Investors should watch closely for subscription dates and consider the attractive yields being offered in the current market environment.