IIFL Home Finance Ltd

IIFL Home Finance Limited was incorporated at Mumbai on December 26, 2006 with the name India Infoline Housing Finance Limited under the provisions of the Companies Act, 1956. The name of our Company was changed to IIFL Home Finance Limited pursuant to a fresh certificate of incorporation dated on May 2, 2018 issued by the Registrar of Companies, Maharashtra, Mumbai The Company is a subsidiary of IIFL Finance Limited which is a NBFC registered with the Reserve Bank of India (RBI). They have a widespread network of 127 branches in 16 states and one union territory as of September 30, 2021. Most of Company's Branches are located in the suburbs of Tier 1 cities, Tier 2 cities and Tier 3 cities which offer significant opportunities in affordable housing segment that is relatively untapped by bigger players in the home loan market. Our focus states include Gujarat, Andhra Pradesh, Telangana, Madhya Pradesh, Karnataka, Rajasthan, Maharashtra and Punjab. The issue is rated 'CRISIL AA / Stable' by CRISIL Ratings Limited and 'BWR AA+ / Negative' by Brickwork Ratings India Private Limited. This rating indicates that instruments with this rating are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk. Also coupon rates are good compared to interest rate in banking system. So we give SUBSCRIBE rating to this NCD offer.