IIFL Finance Ltd. Bond/NCDs (1000 Crore) which opened on 3 March 2021 (with early close option) was 2.62 times subscribed overall and 4.08 times subscribed in retail segment (category IV) updated as on 5 March 2021 at 17:00 PM. The issue will close on 23 March 2021. It has got a massive response specially from reail investors.
IIFL Finance Ltd is raising up to Rs 1,000 crore through a non-convertible debenture (NCD) issue offering up to 10.03% yield. The issue is part of the company’s fundraising plan, under which it aims to raise up to Rs 5,000 crore. The issue will open on Wednesday (March 3, 2021). The base issue is of Rs 100 crore with a greenshoe option to retain oversubscription of up to Rs 900 crore.
The bonds offer up to 10.03% yield for a tenor of 87 months and the issue has been rated AA with negative outlook by Crisil Ltd and AA+ with negative outlook by Brickwork Ratings.
Source: https://www1.nseindia.com/products/content/equities/ipos/debt_ipo_current_iiflu1.htm