IIFL Finance allots INR 100 Cr subordinated unsecured NCDs at 9.35%

Fund Raising View source PDF Explain this filing

IIFL · price

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Price reactionminutes from the announcement price · days from the prior close

-4.4%Reaction day

₹655.00

prior close

₹644.40

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.2%-4.6% vs market

Non Banking Financial Company (NBFC) peers, median of 218sector-0.1%-4.3% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Smallcap 250 and 4.3 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.3

10m

+0.3

15m

+0.4

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.4+0.2-4.6-0.1-4.3

Next day

-6.9-0.3-6.7-0.0-6.9

-6.4-0.3-6.1-0.1-6.3

-8.2-0.8-7.5-0.1-8.2

-11.6-3.2-8.4-1.4-10.2

-10.5-3.4-7.1-1.5-9.0

-8.5-1.1-7.5-0.8-7.7

15d

-8.4-3.7-4.7-2.0-6.4

-11.2-5.4-5.9-3.6-7.6

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UpDownMarket · Nifty Smallcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 218Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

IIFL Finance allotted 10,000 subordinated, unsecured, listed, rated, redeemable NCDs of face value INR 1 lakh each, totalling INR 100 crores via private placement under Series D38. Tenure is 7 years, maturing September 8, 2033. Coupon is 9.35% per annum paid monthly. The NCDs are proposed to be listed on NSE.

Likely market impact

Raises INR 100 Cr through 7-year unsecured debt at 9.35%; adds to interest costs but strengthens funding base for lending business.