Public Issue of Secured and/or Unsecured Redeemable

Non-Convertible Debentures

Tranche I Issue Opens : 22.01.2019

Tranche I Issue Closes : 20.02.2019

India Infoline Finance Limited

www.iifl.com

The Tranche I Issue shall remain open for subscription on working days from 10 a.m. to 5 p.m. IST during the period indicated above, except that the Issue may close on
such earlier date or extended date as may be decided by the Board of Directors of our Company or the Finance Committee, thereof, subject to relevant approvals. In the
event of an early closure or extension of the Issue, our Company shall ensure that notice of the same is provided to the prospective investors through an advertisement in
a daily national newspaper with wide circulation on or before such earlier or initial date of Issue closure. On the Issue Closing Date, the Application Forms will be accepted
only between 10 a.m. and 3 p.m. (Indian Standard Time) and uploaded until 5 p.m. or such extended time as may be permitted by the Stock Exchanges.
1
Contents Slide reference

IIFL Group 3–6

Industry Overview 8–9

About India Infoline Finance Limited 11 – 22

Issue Structure 24 – 26

Investment Considerations 28

Annexures 30 – 31

2
IIFL - India’s leading integrated financial services group

 IIFL Holdings Limited – Incorporated in 1995,

 Listed on NSE and BSE in 2005
 Pan-India presence as well as subsidiaries in major global financial centres

IIFL Holdings Ltd

(Listed co. | Bloomberg Code: IIFL IN)

Three key operating businesses - Multiple subsidiaries to comply with all applicable regulators

IIFL Finance IIFL Wealth IIFL Securities

Products Products Products

Home, LAP, Gold,
Commercial Vehicle, SME and
Micro Finance loans
Minority Shareholders
CDC Group plc - 15.4%
Family office, AIFs, advisory
and distribution services
Minority Shareholders
General Atlantic - 22.0%
Institutional investors – 4.6%
Employees – 20.1%
Retail and institutional
broking, investment banking
Minority Shareholders
Nil

3
IIFL Group – Consolidated results (as per IND AS)

`Mn Q2FY19 Q2FY18 Y-o-Y H1FY19 H1FY18 Y-o-Y

Revenue from Operations 18,322 16,076 14% 36,133 30,603 18%

Other income 363 231 57% 687 249 176%
Total Income 18,685 16,307 15% 36,820 30,852 19%
Employee cost 3,236 2,527 28% 6,354 4,721 35%
Administration and other expenses 2,554 3,590 (29%) 4,624 5,947 (22%)
EBITDA 12,895 10,190 27% 25,842 20,184 28%
Interest costs 8,125 6,808 19% 15,749 12,904 22%
Depreciation and amortization 217 163 33% 412 313 32%
Profit before tax 4,553 3,219 41% 9,681 6,967 39%
Provision for taxation 1,514 877 73% 3,196 2,098 52%
Profit after tax 3,039 2,342 30% 6,485 4,869 33%
Other comprehensive income (26) (6) 6 (13)
Total Comprehensive Income/ (loss) 3,013 2,336 29% 6,491 4,856 34%
Total Comprehensive Income/ (loss) attributable to - - - -
Owners of the company 2,295 1,763 30% 4,986 3,731 34%
Non - Controlling Interest 718 573 25% 1,505 1,125 34%

Note: Previous periods figures have been regrouped / rearranged wherever necessary

4
IIFL Group – Consolidated Balance Sheet

Rs Mn
As at Sep 30 2018 As at Sep 30 2018
ASSETS LIABILITIES AND EQUITY
Unaudited Unaudited

1 Financial Assets 1 Financial Liabilities

(a) Cash and cash equivalents 18,287 (a) Derivative financial instruments 41
(b) Bank Balance other than (a) above 23,091 (b) Payables 1,907
(c) Derivative financial instruments 11 (c) Debt Securities 95,563
(d) Receivables 4,142 (d) Borrowings (Other than Debt Securities) 2,59,145
(e) Loans 3,82,569 (e) Subordinated Liabilities 19,802
(f) Investments 23,013 (f) Other financial Liabilities 31,064
(g) Other Financial assets 16,693 -
- 2 Non-Financial Liabilities -
2 Non-Financial Assets - (a) Current tax liabilities (Net) 1,147
(a) Current tax assets (Net) 2,156 (b) Provisions 373
(b) Deferred tax Assets (Net) 4,339 (c) Other non-financial liabilities 409
(c) Investment Property 4,231 -
(d) Property, Plant and Equipment 4,746 3 Equity -
(e) Capital work-in-progress 958 (a) Equity and Share Capital 638
(f) Intangible assets under development 42 (b) Other Equity 55,755
(g) Goodwill 110 (c) Non-controlling interest 19,384
(h) Other Intangible assets 70 -
(i) Other non-financial assets 761 -
- -
3 Assets classified as held for sale 10 -
-
Total Assets 4,85,228 Total Liabilities and Equity 4,85,228

5
IIFL Group – Consolidated financial trends

Net-worth (`bn) Profit after tax (`bn) Return on Equity (%)

9.1
56.4 19.0% 19.3% 18.6%
50.7 6.9 17.3% 17.7%
43.8
33.5 5.1 4.9 13.5%
25.6 4.5
21.5 2.8

FY14 FY15 FY16 FY17 FY18 H1FY19 FY14 FY15 FY16 FY17 FY18 H1FY19 FY14 FY15 FY16 FY17 FY18 H1FY19

Return on Assets (%) Earnings Per Share (`) Book Value Per Share (`)

2.6% 31.3 177

2.4% 2.4% 2.4% 2.2% 28.6 159
2.0% 138
21.6
16.3 106
14.8 73 82
9.4

FY14 FY15 FY16 FY17 FY18 H1FY19 FY14 FY15 FY16 FY17 FY18 H1FY19 FY14 FY15 FY16 FY17 FY18 H1FY19

Notes :
• Profit is post-minority
• Half yearly ROE, ROA and EPS figures are annualized
• H1FY19 numbers are as per IND AS. Previous years’ numbers are as per IGAAP
6
Contents Slide reference

IIFL Group 3–6

Industry Overview 8–9

About India Infoline Finance Limited 11 – 22

Issue Structure 24 – 26

Investment Consideration 28

Annexures 30 – 31

7
Macro overview

Economy
 Global growth expected to sustain at 3.9% level in 2019 as per IMF

 Reform measures such as GST, Insolvency and Bankruptcy Code, inflation targeting framework
for monetary policy, to support growth

NBFC Industry
 Indian retail credit market grew 20%
y-o-y to ~Rs 34.8 trillion as on March Segmental Growth & Outlook of the NBFC Sector

31, 2018

 NBFC-retail credit grew at 22% during

2017-18 to Rs. 7.5 trillion in March
2018 and expected to sustain ~20%
growth for FY19

 LAP, SME, CV, unsecured personal

credit (including consumer durables)
and microfinance were key segments
contributing to NBFC growth

Source : ICRA Research : ‘Indian Retail Non-Banking Finance Market, June 2018’
8
Segment overview

Commercial Vehicle (CV) LAP and SME Finance

 Estimated growth of 15-17% for FY19 vs
21% growth in FY18
 Healthy sales growth of 9-10% and
demand for used vehicles expected to
contribute to NBFC credit growth
 Estimated growth of 23-25% for FY19 vs
24% growth in FY18
 Increased credit demand due to elongated
working capital cycle post GST and
moderate credit availability from banks

Gold Loans Microfinance

 Estimated growth of 8-10% in FY19 vs 7%  Estimated growth of 40-45% in FY19 vs

growth in FY18 53% growth in FY18
 Competitive pressures to remain high from  Growth to be driven by penetration in new
SFBs, MFIs and new-age fintech NBFCs geographies and higher ticket sizes

Personal Credit
 Growth in personal credit by NBFCs propelled by new product offerings like consumer durables,
lifestyle, and personal loans
 Estimated growth of 35-40% for FY19 vs 41% growth in FY18
 Share of unsecured credit in NBFC portfolios expected to expand
Source : ICRA Research : ‘Indian Retail Non-Banking Finance Market, June 2018’ 9
Contents Slide reference

IIFL Group 3–6

Industry Overview 8–9

About India Infoline Finance Limited 11 – 22

Issue Structure 24 – 26

Investment Considerations 28

Annexures 30 – 31

10
India Infoline Finance Limited

India Infoline Finance Limited (IIFL Finance) was incorporated in 2004 under the flagship
of IIFL Holdings Limited and presently offers small-ticket loan products to retail
borrowers, delivered through a pan India branch network of 1,755# branches and digital
channels.

Product Offerings

Capital
Mortgages Gold Commercial SME Construction Micro
Market
Home loan & LAP Loans Vehicle Loans Finance Finance Finance
Finance

Shareholding in material subsidiaries

IIFL Home Finance

Limited
84.53%
India Infoline Finance
IIFL Holdings Limited
Limited
Samasta Microfinance
Limited

# As at September 30, 2018 11

IIFL Finance - Consolidated results (as per IND AS)

`Mn Q2FY19 Q2FY18 Y-o-Y H1FY19 H1FY18 Y-oY

Loan book 308,780 230,205 34% 308,786 230,205 34%
Securitised assets * 54,954 30,125 82% 54,954 30,125 82%

Assets under management 363,733 260,330 40% 363,733 260,330 40%

- -
Interest income 11,648 9,365 24% 22,976 18,006 28%
Less: Interest expense 6,605 5,156 28% 12,759 10,051 27%
Net Interest income 5,043 4,209 20% 10,217 7,955 28%
Other income 726 436 67% 1,315 805 63%
Total income 5,769 4,645 24% 11,532 8,760 32%
Less: Operating expense 2,795 1,679 66% 5,276 3,266 62%

Less: Loan losses & provision 623 1,578 (61%) 904 2,321 (61%)

Profit before tax 2,351 1,388 69% 5,352 3,173 69%

Less: Provision for tax 724 446 62% 1,776 1,058 68%
Profit after tax 1,624 946 72% 3,572 2,119 69%

OCI (4) (4)

(16) 1
Total Comprehensive Income 1,608 947 70% 3,568 2,115 69%

*Includes Pass Through Certificate (PTC) and Direct Assignment

Figures have been rounded off to nearest decimal 12
IIFL Finance - Consolidated Balance Sheet

Rs Mn

As at Sep 30 2018 As at Sep 30 2018

ASSETS LIABILITIES AND EQUITY
Unaudited Unaudited

1 Financial Assets 1 Financial Liabilities

(a) Cash and cash equivalents 9,154 (a) Derivative financial instruments 32
(b) Bank Balance other than (a) above 13,948 (b) Trade Payables 900
(c) Trade Receivables 456 (c) Debt Securities 64,106
(d) Loans 317,520 (d) Borrowings (Other than Debt Securities) 225,664
(e) Investments 9,297 (e) Subordinated Liabilities 15,600
(f) Other Financial assets 1,959 (f) Other financial Liabilities 13,939

2 Non-Financial Assets 2 Non-Financial Liabilities

(a) Current tax assets (Net) 1,273 (a) Current tax liabilities (Net) 858
(b) Deferred tax Assets (Net) 3,593 (b) Provisions 243
(c) Investment Property 2,634 (c) Other non-financial liabilities 118
(d) Property, Plant and Equipment 865
(e) Capital work-in-progress 27 3 Equity
(f) Goodwill 107 (a) Equity and Share Capital 2,808
(g) Other Intangible assets 20 (b) Other Equity 36,923
(h) Other non-financial assets 375 (c) Non-controlling interest 37

Total Assets 361,228 Total Liabilities and Equity 361,228

13
Achieving volume & profit growth with superior asset mix

AUM break-up (%)

Loan AUM (`bn) Q2FY19 Y-o-Y Q-o-Q
● Focus remains on retail Micro-
Mortgages 165.3 35% 10%
Capital finance, MSME ,
lending, digital delivery; Market & 4% 8%
Others, Construction & Real
leveraging our distribution 52.4 43% 3%
3% Estate
network and database of Mortgage
Commerci s , 45% Commercial Vehicle 43.3 37% 1%
al Vehicle
clients , 12% Gold 50.0 63% 11%

● As a strategy, loan growth Gold , Capital Market 9.8 (56%) (9%)

14%
is focused on small-ticket
MSME & others 28.4 113% 12%
Home Loans, MSME Constructi
loans, Gold and on & Real Microfinance 14.5 259% 30%
Estate ,
Microfinance loans 14% Total 363.7 40% 8%

● Construction finance, Loan AUM (`bn) Profit After Tax (`bn)

Real Estate and Capital
Markets will continue to 5.5
grow at a slower pace 363
4.2
311
3.4 3.6
● CV sector has witnessed 223 3.0
195
cyclical trends 162 2.1
116

FY14 FY15 FY16 FY17 FY18 H1FY19 FY14 FY15 FY16 FY17 FY18 H1FY19

Notes
• MSME & others include Healthcare equipment, SME and Digital finance
• H1FY19 numbers are as per IND AS. Previous years’ numbers are as per IGAAP 14
Funding costs rise, boarding yields rise in tandem

Cost of Funds (%) NIM (%)

● Tier I Capital Adequacy
Ratio stands at 15.5%
against a threshold of
10% 12.0%
11.1% 7.1% 7.1%
10.2% 7.0% 7.0%
9.4%
8.5% 8.64%
● Average cost of 6.5%
borrowing rose by 6.2%
10bps q-o-q and 20bps
y-o-y

● NIM was at 6.8% for FY14 FY15 FY16 FY17 FY18 H1FY19 FY14 FY15 FY16 FY17 FY18 H1FY19

Q2FY19, a contraction
of 50bps q-o-q, Return on Assets (%) Total CAR (%)
primarily due to upfront
gain on direct
20.7%
assignment in the 18.0% 17.7% 16.3% 18.7%
2.1% 2.1% 17.7%
previous quarter 2.0%
2.0%

● ROE stands at 16.7% 1.9%

1.8% 18.1%
and ROA at 1.9% for 12.7%
14.8% 15.50%
11.3% 11.7%
Q2FY19
FY14 FY15 FY16 FY17 FY18 H1FY19 FY14 FY15 FY16 FY17 FY18 H1FY19
Tier 1 Tier 2

Note : H1FY19 numbers are as per IND AS. Previous years’ numbers are as per IGAAP. Half yearly figures are annualized
15
Through cycles, maintaining superior quality of assets

● Asset quality remained Gross NPA (%) Net NPA (%)

sound with GNPA of
2.2% and NNPA of 1.0% 180 150 120 90 90 180 150 120 90 90
DPD DPD DPD DPD DPD DPD DPD DPD DPD DPD

● With implementation of 2.21% 1.05%

Expected Credit Loss 1.82% 1.71% 0.79%
under Ind AS, specific 1.44%
1.27% 0.58%
0.54% 0.54%
provision coverage on 0.86%
0.33%
NPAs stands at 53%
and on standard assets
FY14 FY15 FY16 FY17 FY18 H1FY19 FY14 FY15 FY16 FY17 FY18 H1FY19
at 191bps

● The overall portfolio risk

is on the decline, as our AUM (Rs Bn) % Portfolio Share NNPA%
portfolio mix continues
to become more Mortgages 165.3 45% 0.7%
granular Construction & Real Estate 52.4 13% 1.3%
Commercial Vehicle 43.3 12% 2.9%
● 85% of our loans are
Gold 50.0 14% 0.3%
retail in nature and 46%
Capital Market 9.8 4% 0.0%
are PSL compliant
MSME & others 28.4 8% 2.2%
Micro-finance 14.5 4% 0.0%
Total 363.7 100% 1.0%

Note : H1FY19 numbers are as per IND AS. Previous years’ numbers are as per IGAAP
16
Well-diversified funding mix

Rs bn
400

350
16%
300 16% 2%
12% 1%
250 2%
35%
200 34% 35%
14%
4%
10% 5%
150 0% 5% 5%
31%
43% 18% 18% 18%
100 5%
7% 28%
50 24% 29% 25% 24%
16% 18%
-
Mar'16 Mar'17 Mar'18 June'18 Sep'18

Commercial Paper Non Convertible Debenture Sub-Ordinate Debtentures

Term Loan/ Refinance CBLO & ICD Off Balance Sheet Funding

17
Current credit rating

CRISIL ICRA CARE BRICKWORK

Long Term: Long Term: Long Term: CARE Long Term:

CRISIL AA ICRA AA AA BWR AA+
Outlook: Stable Outlook: Stable Outlook: Positive Outlook: Stable

Short Term: Short Term:

- -
CRISIL A1+ ICRA A1+

18
 Key strengths
Established brand
& experienced
management team
 ‘IIFL’ is a well-established brand
among retail, institutional and
corporate investors in India
 Qualified and experienced
Board of Directors and key
managerial personnel
Technology focus
 Early adoption & continuous
innovation leading to low
turnaround time
 Strong Analytics capabilities
contribute to better sourcing,
automated credit assessment,
and fraud control
Diversified product portfolio
 We provide a wide variety of
loan products to nearly 20
million customers
 Diversified portfolio disperses
our exposure and balances
cyclical vagaries
Physical & Digital
footprint
 Strong physical presence of
1,755 branches across India
 Virtual presence through
website and mobile app helps
us cater to diversified set of
customers
 Focus on retail lending
especially in the middle-class
borrower segment
 85% of loan AuM is small-ticket
retail; 46% of these qualify for
priority sector lending or PSL
status
Strong asset quality
 Rated ‘AA’ (Stable) by Crisil
indicating high degree of safety
 Consistent low level of NPAs;
comprehensive risk assessment
with analytics and bureau based
early warning signals
19
Business strategies

Address growing financial needs in under-

served markets

Build capacity and grow customer base

through retail focus and geographic
expansion

Achieve superior performance with further

strengthening our operating processes
and risk management system

Continue to invest in digitization and

technology which will improve customer
service, operating efficiency

Ensure effective asset-liability

management, diversify borrowing sources
and strengthen our credit profile
20
Risk response mechanisms

 Multi-level credit committees to consider medium to large proposals

Credit, Liquidity
& Finance Risk  Risk Management Committee and Asset Liability Management (ALCO)
to review policies, systems & controls

 Periodic reviews of risks such as cybercrimes, data leakage, business

continuity etc.
Technology Risk
 Processes & tools for vigilant monitoring, audit logging and suspicious
activity reporting

 Knowledgeable & experienced professionals in compliance, legal &

audit functions
Compliance Risk
 Implementation of business-specific Compliance Manual, limit monitoring
systems & ALM/KYC policies

 Support functions trained on regulatory compliances

 Independent Fraud Control Unit, Operational Risk (OR) and Internal

Audit (IA) functions to evaluate fraud & operational risks
Fraud &
Operational Risk  Periodic reviews of processes & controls and updation of systems

 Effective segregation of duties ensured and regular employee trainings

21
Led by an experienced Board of Directors
V. K. Chopra, Chairman
 Chartered Accountant and Former
Whole-Time Member, SEBI
 Former Chairman & MD - Corporation
Bank and SIDBI
R Venkataraman, Whole-time
Director
 MBA from IIM Bangalore, B-Tech
from IIT Kharagpur
 Co-promoter of IIFL since 1999
Geeta Mathur, Independent Director
 Co-chair for the India Chapter of Women
Corporate Directors Foundation
 Chartered Accountant with over 20 years
of experience as a Finance professional
Sumit Bali, Executive Director &
CEO
 PGDM from IIM Ahmedabad.
 Seasoned Banker with more than 24
years of banking experience
Nirmal Jain, Whole-time Director
 PGDM from IIM Ahmedabad, rank-
holder CA and Cost Accountant
 Founded and led IIFL since 1995
Nilesh Vikamsey, Independent
Director
 Senior Partner at Khimji Kunverji & Co
 Past President of The Institute of
Chartered Accountants of India
Nagarajan Srinivasan,
Independent Director
 Head of South Asia, CDC Advisers
 More than 30 years of investing
and financial services experience
22
Contents Slide reference

IIFL Group 3–6

Industry Overview 8–9

About India Infoline Finance Limited 11 – 22

Issue Structure 24 – 26

Investment Considerations 28

Annexures 30 – 31

23
Issue structure

Issuer India Infoline Finance Limited (“Company” or “Issuer”)

Public Issue of secured and/or unsecured Redeemable Non-Convertible Debentures of

Instrument & face value of Rs.1,000/- each for an amount of Rs. 250 Crores (Base Issue Size) with
Issue Size an option to retain oversubscription up to Rs. 1,750 Crores aggregating up to
Rs. 2,000 Crores

CRISIL AA/Stable | ICRA AA (Stable) | Brickwork AA+/Stable

Credit Rating Instruments with such ratings are considered to have a high degree of safety
regarding timely servicing of financial obligations and carry very low credit risk

 For the purpose of onward lending, financing and for repayment/prepayment of

Use of interest and principal of existing borrowings – At least 75% of the Net Proceeds of
Proceeds the Issue.
 For General Corporate Purposes – up to 25% of the Net Proceeds of the Issue.

Issue Opens: 22.01.2019

Issue Period Issue Closes: 20.02.2019

Listing &  Proposed to be listed on BSE and NSE

Depositories  NSDL and CDSL

24
Specific terms & conditions of the issue

Series I II III IV V VI

Frequency of Interest Payment Annual Cumulative Monthly Annual Monthly Annual

Minimum Application Rs. 10,000 (10 NCDs) across all series

Face Value/ Issue Price (Rs/NCD) Rs. 1,000/- (1 NCD)

Tenor 39 months 39 months 60 months 60 months 120 months 120 months

Coupon (% per annum) for
9.60% NA 9.75% 10.20% 10.00% 10.50%
Individual & Other Categories
Coupon (% per annum) for
9.50% NA 9.60% 10.00% 9.90% 10.35%
Institutional Category
Effective Yield (% per annum) for
9.60% 9.60% 10.20% 10.20% 10.47% 10.50%
Individual & Other Categories
Effective Yield (% per annum) for
9.50% 9.50% 10.03% 10.00% 10.36% 10.35%
Institutional Category
Amount (Rs/Per NCD) on Maturity -
1,000.00 1,346.63 1,000.00 1,000.00 1,000.00 1,000.00
Individual & Other Categories
Amount (Rs/Per NCD) on Maturity -
1,000.00 1,342.65 1,000.00 1,000.00 1,000.00 1,000.00
Institutional Category
Call Option 24 months 30 months 66 months
Unsecured Redeemable
Nature of Indebtedness Secured Redeemable Non-Convertible Debentures
Non-Convertible Debentures
Mode of Interest Payment Through various modes available
Note: Our Company shall allocate and allot Series I NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
Our Company shall allocate and allot Series VI NCDs wherein the Applicants have not indicated the choice of relevant Unsecured NCD Series.
All categories of Investors can subscribe to all Series of NCDs 25
Issue team

Lead Managers

Banker

Registrar

Debenture Trustee

Stock Exchanges
26
Contents Slide reference

IIFL Group 3–6

Industry Overview 8–9

About India Infoline Finance Limited 11 – 22

Issue Structure 24 – 26

Investment Considerations 28

Annexures 30 – 31

27
Investment considerations

Return
 10.50% p.a. highest yield for Individual and Other categories, and 10.35% for Institutional
category, for tenor of 120 months with frequency of monthly and annual payment
Tenor and Frequency
 Tenors of 39 months, 60 months and 120 months available with various interest payment
options like monthly, annual and cumulative
Liquidity
 Proposed to be listed on BSE Ltd and NSE. (BSE shall be the designated Stock Exchange)
 Trading will be in dematerialized form only

Taxation
 No TDS since the holding will be in demat mode

Safety
 Instrument rated AA with Stable Outlook - carrying high degree of safety regarding timely
servicing of financial obligations
Allotment on first come first serve basis

For further details refer to section titled “Issue Related Information” on page 43 of the Tranche I Prospectus dated Januay 11, 2019.
Allotment in the public issue of debt securities should be made on the basis of date of upload each application into the electronic book
of stock exchange. However on the date of oversubscription, the allotment should be made to the applicants on proportionate basis.
28
Contents Slide reference

IIFL Group 3–6

Industry Overview 8–9

About India Infoline Finance Limited 11 – 22

Issue Structure 24 – 26

Investment Considerations 28

Annexures 30 – 31

29
Annexure 1
Update on IIFL Group re-organisation

The Board of Directors of the Company at its meeting held on January 31, 2018, had approved the
reorganization of IIFL Group, which will result in three listed entities – IIFL Finance, IIFL Wealth and
IIFL Securities.

 Approvals/No objection  Next Steps

received  Balance procedural approvals from SEBI - IA, RA, MF
 Reserve Bank of India (RBI) are awaited shortly
 National Housing Bank
 Petition for final approval of the Scheme has been filed
(NHB)
with NCLT, and the order is awaited
 DFSA, Dubai
 MAS, Singapore  Post NCLT approval, the order will be filed with MCA
 FCA, UK  Post filing with MCA, Board Meeting of IIFL Holdings to
 FINRA, USA be held, to fix record date
 FSC, Mauritius
 Resulting Companies to allot shares to shareholders of
 NSE, BSE, MCX, NCDEX,
IIFL Holdings and file listing application with Stock
CDSL & NSDL
Exchanges to seek listing and trading approval
 SEBI – PMS, AIF
 IRDA

30
 Annexure 2
IIFL Finance - Comfortable liquidity position

● IIFL group repaid and Rs bn

prepaid Commercial Papers 400
Cumulative
worth `47.2 bn in the month Inflow
350
of October 2018
300
● IIFL Finance repaid NCDs Surplus
worth `7.9 bn in the month 250
Cumulative
of October 2018 200 Outflow

● As at October end, surplus 150

liquidity was `24.0 bn and 100

available but not drawn
50
credit/ credit lines were
`15.3 bn 0
14 days 1M 2M 3M 6M 1Y 3Y 5Y & above
● Securitization/ Assignment
of `20.0 bn is expected to Cumulative Outflow Cumulative Inflow
be finalized soon
5Y &
(`Bn) 14 days 1M 2M 3M 6M 1Y 3Y
above
Cumulative Outflow 21.0 38.8 104.8 115.1 123.4 161.6 256.4 363.3
Cumulative Inflow 57.1 74.9 121.5 129.5 154.8 202.4 290.2 363.3
Cumulative Mismatch (CM) 36.0 36.2 16.7 14.4 31.4 40.8 33.8 -
Cumulative Mismatch % of
171% 93% 16% 13% 25% 25% 13% 0%
Cum-outflow
31
 Disclaimer

India Infoline Finance Limited, subject to market conditions and other considerations is proposing a public issue of secured, redeemable non-convertible
debentures (“Secured NCDs”) and unsecured, redeemable non-convertible Debentures (“Unsecured NCDs”) (collectively “NCDs”) and has filed the Shelf
Prospectus dated Januay 11, 2019 and Tranche I Prospectus dated Januay 11, 2019 with the Registrar of Companies, Maharashtra at Mumbai, National Stock
Exchange of India Limited, BSE Limited and SEBI. The Shelf Prospectus dated Januay 11, 2019 and Tranche I Prospectus dated Januay 11, 2019 are available
on our website www.iifl.com , on the website of the stock exchanges www.nseindia.com , www.bseindia.com and the respective websites of the lead managers
at www.edelweissfin.com , www.iiflcap.com , www.icicisecurities.com , and www.trustgroup.in. Investors proposing to participate in the issue, should invest only
on the basis of the information contained in the Shelf Prospectus dated Januay 11, 2019 and Tranche I Prospectus dated Januay 11, 2019. Investors should
note that investment in NCDs involves a high degree of risks and for details relating to the same, please refer to Shelf Prospectus dated Januay 11, 2019,
including the section on “Risk Factors” beginning on Page 18 of the Shelf Prospectus dated Januay 11, 2019.

For further details refer to section titled “Issue Related Information” on page 43 of the Tranche I Prospectus dated Januay 11, 2019. Allotment in the public issue of debt
securities should be made on the basis of date of upload each application into the electronic book of stock exchange. However on the date of oversubscription, the allotment
should be made to the applicants on proportionate basis.

For detailed terms and conditions please refer to the Shelf Prospectus and Tranche I Prospectus dated January 11, 2019.

DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE should not in anyway be deemed or construed that the Prospectus has been
cleared or approved by BSE nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for
the full text of the Disclaimer Clause of the BSE. DISCLAIMER CLAUSE OF USE OF BSE ELECTRONIC PLATFORM: It is to be distinctly understood that the permission given
by the BSE to use their network and software of the Online system should not in any way be deemed or construe as compliance with various statutory requirements approved by
the Exchange; not does it in any manner warrant, certify or endorse the correctness or completeness of any of the compliance with the statutory and other requirements; nor
does it take any responsibility for the financial or other soundness of this Company, its promoters, its management or any scheme or project of this Company. DISCLAIMER
CLAUSE OF NSE: It is to be distinctly understood that the permission given by NSE should not in anyway be deemed or construed that the Offer Document has been cleared or
approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to the Offer Document for
the full text of the Disclaimer Clause of the NSE. DISCLAIMER CLAUSE OF USE OF NSE ELECTRONIC PLATFORM: It is to be distinctly understood that the permission given
by the NSE to use their network and Online Platform for facilitating applications for public issue of NCDs shall not in any way be deemed or construed as compliance with various
statutory and other requirements by the Company; LMs are cleared or approved by NSE; nor does it warrant, certify or endorse the correctness or completeness of any of the
compliance with the statutory and other requirements; nor does it take any responsibility for the financial or other soundness of the Issuer, its promoters, its management or any
scheme or projects of the Issuer. DISCLAIMER CLAUSE OF BRICKWORK: Brickwork Ratings has assigned the rating based on the information obtained from the issuer and
other reliable sources, which are deemed to be accurate. Brickwork has taken considerable steps to avoid any data distortion; however, it does not examine the precision or
completeness of the information obtained. The rating assigned by Brickwork should be treated as an opinion rather than a recommendation to buy, sell or hold the rated
instrument and Brickwork shall not be liable for any losses incurred by users from any use of this report or its contents. Brickwork has the right to change, suspend or withdraw
the ratings at any time for any reasons. DISCLAIMER CLAUSE OF CRISIL: CRISIL ratings reflects CRISIL's current opinion on the likelihood of timely payment of the
obligations under the rated instrument and CRISIL does not guarantee the accuracy, adequacy or completeness of the information reviewed. CRISIL ratings are not a
recommendation to invest / disinvest in any and should not be construed as an expert advice or investment advice or any form of investment banking within the meaning of any
law or regulation. CRISIL is not responsible for any errors and especially states that it has no financial liability whatsoever to the subscribers/users/transmitters/distributors of this
product. DISCLAIMER CLAUSE OF ICRA: An ICRA rating is a symbolic indicator of ICRA's current opinion on the relative capability of the issuer concerned to timely service
debts and obligations, with respect to the instrument rated. ICRA ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments. ICRA ratings
are subject to a process of surveillance, which may lead to revision in ratings. ICRA in particular makes no representation or warranty, express or implied as to the accuracy,
timelines or completeness of any such information. All information contained herein must be construed solely as statement of opinion, and ICRA shall not be liable for any losses
incurred by users from any use of this publication or its contents.
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Thank you

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