Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
India Infoline Financial Ltd. (IIFL), an NBFC arm of India Infoline is offering un-secured Reedeemable Non-Convertible Debentures of Rs. 1000 each to mobilize Rs. 500 crore including green shoe option. The offer is opening on 05.09.12 and will close on 18.09.12. Minimum application is to be made for 5 debentures and in multiple of 1 thereafter. Under this offer, the company is offering three investment options as under:
Option I (Monthly interest payment): The redemption date is 72 months from the deemed date of allotment and the coupon rate is 12.75% p.a. The interest payment frequency is monthly and the face value plus any interest that may have accrued is payable on redemption. The effective yield on this option is 13.52% per annum.
Option II (Annual interest payment): The redemption date is 72 months from the deemed date of allotment and the coupon rate is 12.75% p.a. The interest payment frequency is annual and the face value plus any interest that may have accrued is payable on redemption. The effective yield on this option is 12.75% per annum.
Option III (Redemption premium): NCDs will be redeemed at Rs 2,054.50 at the end of 72 months from the deemed date of allotment. The effective yield on this option is 12.75% per annum.
These debentures will be listed on BSE and NSE and thus provides eary liquidity. Issue is rated AA-/Stable by ICRA and CRISIL indicating high degree of safety for timely servicing of financial obligations and these instruments carry very low credit risk.
The lead managers to this offer are Axis Bank Limited, SBI Capital Markets Limited, Edelweiss Financial Services Limited, Trust Investment Advisors Private Limited and India Infoline Limited (only for marketing of the Issue), while the Co-lead managers to the Issue are RR Investors Capital Services (P) Limited and Karvy Investor Services Limited. Today when equity market is in dolldrum and investors are looking at high return investment options, these NCDs provide good opportunity.
| Issue Open | September 5, 2012 - September 18, 2012 |
| Security Name | India Infoline Financial Ltd |
| Security Type | |
| Issue Size (Base) | Rs 500.00 Crores |
| Issue Size (Shelf) | Rs [.] Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 5 NCD |
| Market Lot | 5 NCD |
| Listing At | BSE |
| Credit Rating | |
| Tenor | |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
2 3.0 Rating:  Vote Here ... |
Sorry, we couldn't find any reviews, please check back later.
India Infoline Financial Ltd
12A-10, 13th Floor, Parinee Crescenzo,
G Block, C-38 and C-39, Bandra Kurla Complex,
Bandra - East, Mumbai 400 051, Maharashtra, India
Phone: +91 22 6788 1000
Email: governance@iifl.com
Website: https://www.iifl.com/
Phone:
Email:
Website: http://
Useful Articles
1| Link|December 24, 2012 1:32:34 PM
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
