IIFL home finance to raise Rs 1,000 cr via non-convertible debentures

07 Jul 2021 CW Team

Retail focussed housing finance company IIFL Home Finance Ltd plans to raise up to Rs 1,000 crore by issuing non-convertible debentures (NCDs).

The tranche one issue involves a base issue of Rs 100 crore and a greenshoe option of Rs 900 crore aggregating up to Rs 1,000 crore.

The issue will open for subscription on 6 July, and close on 28 July, with an option of early closure or extension.

The NCD has a tenor of 87 months and offers various options for subscription with coupon costs varying from 9.60% to 10% per annum.

The fund will be used for onward lending, financing, and repayment or prepayment of interest and principal of existing borrowings, and the balance will be used for general corporate purposes of the company.

The company's Executive Director and CEO, Monu Ratra said that last year, our asset under management (AUM) increased by 12%. We are optimistic about growth in the following nine months and are looking at a 15% AUM growth in the current year.

As of 31 March, the housing finance company's capital to risky assets ratio (CRAR) - tier I capital was at 19.61%.

The unsecured NCDs have been rated Credit Rating Information Services of India Limited (CRISIL) AA/Stable and Brickwork Ratings (BWR) AA+/ Negative. The NCDs are proposed to be placed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Image Source

Also read: IIFL launches handbook for affordable green housing

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..