Security Name: 8.20% IIFL Home Finance Limited 03 Jan 2027
ISIN:
INE477L07AN9
Taxable
Tax Category
03 Jan, 2027
Maturity Date
(1 Yr 11 Mo 29 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
03 Jan, 2022
Allotment Date
NA
Put Date
01 Feb, 2025
Next Interest Payment Date
16 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
8.2%
Coupon
Fixed Interest
Coupon Basis
NaN%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
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*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
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ISSUER
IIFL Home Finance Limited
IIFL Home Finance Limited is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations in 2006 and received registration certificate from NHB in 2009. IIFL Home Finance Limited is a subsidiary of IIFL Finance Limited - one of the leading players in the Indian financial service space. With its headquarters in Gurgaon, the company is engaged in providing loans for purchase, construction and renovation of homes; SME Secured loans for business & personal needs and Construction finance loans to developers engaged in construction of affordable homes.
The ratio in FY24 is 6.23x and it was 6.27x in FY23, indicating slight decrease in the debt level due to significant increase in the profitability of the issuer.
Debt/EBITDA
The ratio in FY24 is 2x and it was 1.87x in FY23, indicating slight increased ability of the issuer to service its debt due to Its asset under management (AUM) increased from Rs 28,512 crore in FY23 to Rs 35,499 crore in FY24, witnessing a 25% year-on-year growth, with an average ticket size of Rs 14.26 lakh.
Interest coverage ratio
Recent News
IFC and IIFL Home Finance Ltd. Partner to Boost Women's Access to Affordable Housing Finance, Promote Green Homes in India
Mar 27, 2024 | IIFL Home Finance Limited
IIFL Home Finance Ltd. unveils second film in series
Mar 27, 2024 | IIFL Home Finance Limited
IIFL Finance board to evaluate listing of mortgage, microfinance units
Oct 08, 2024 | IIFL Home Finance Limited
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STEPS TO BUY THIS BOND
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PAN Card
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Aadhaar Card
Demat Account Proof
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To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Total Investment
| Cashflow for INE477L07AN9 |
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| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
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| Security Name |
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| 8.20% IIFL Home Finance Limited 03 Jan 2027 |
| Credit Rating |
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| AA by CRISIL AA+ (Negative) by BWR |
| Coupon Frequency |
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| Monthly |
| Face Value |
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| ₹1,000 |
| Coupon |
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| 8.200000% |
| YTM or YTC |
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| YTM |
| Maturity Date |
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| 03/01/2027 |
| Security |
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| Senior Secured |
| No. of Bonds |
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| 1 |
| Settlement Date |
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| ₹NaN |
| Accrued Interest |
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| Stamp Duty |
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| ₹0 |
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Quote Not Available for purchase
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
