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 Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..