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India Infoline Finance Limited NCD (India Infoline NCD Aug 2019) Detail

August 6, 2019 - August 30, 2019
India Infoline Finance Limited Logo

Incorporated in 2004, India Infoline Finance Limited (IIFL) is an RBI registered Non-Banking Financial Company (NBFC). It offers mortgage loans, gold loans, commercial vehicle finance, MSME finance, construction & real estate finance, capital market finance, and microfinance.

IIFL is a subsidiary of IIFL Holdings Limited, which is one of India's leading financial services providers. IIFL also offers financial products and services to both retail and corporate customers.

Competitive Strengths

1. Strong brand and promoter support
2. Diversified product portfolio offerings
3. Strong loan portfolio with low level of NPAs
4. Diversified funding sources
5. Well-organised business processes
6. Technology focussed business model

India Infoline NCD Aug 2019 Detail

Issue Open August 6, 2019 - August 30, 2019
Security Name India Infoline Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base) Rs 100.00 Crores
Issue Size (Shelf) Rs 900.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE, NSE
Credit Rating BWR AA+/Stable, CRISIL AA/Stable, ICRA AA/Stable
Tenor 15 months/ 39 months/ 69 months

Series I to Series VI

Payment Frequency Monthly, Quarterly and Annual
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 10%
Category 2 10%
Category 3 40%
Category 4 40%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 100,000
Category 2 100,000
Category 3 400,000
Category 4 400,000
Total NCD's 1,000,000

Coupon rates for series 1 to 6

Series 1 Series 2 Series 3 Series 4 Series 5 Series 6
Frequency of Interest Payment NA Quarterly NA Annually Monthly NA
Nature Secured Secured Secured Secured Unsecured Unsecured
Tenor 15 months 39 months 39 months 39 months 69 months 69 months
Coupon Rate NA 9.50% NA 9.85% 10.00% NA
Amount on Maturity For Category I & II/ for III & IV Rs 1,126.75 Rs 1,000 Rs 1,357.33 Rs 1,000 Rs 1,000 Rs 1,776.16

NCD Rating

The NCDs proposed to be issued under this Issue have been rated BWR AA+/Stable (pronounced as BWR Double A Plus with Stable outlook) for an amount of Rs.50,000 million by Brickworks Ratings India Private Limited vide their rating letter dated October 31, 2018, CRISIL AA/Stable (pronounced as CRISIL Double A rating with Stable outlook) for an amount of Rs.50,000 million by CRISIL Ratings Limited vide their rating letter dated November 1, 2018 and [ICRA] AA (Stable) (pronounced as ICRA Double A) for an amount of Rs.50,000 million by ICRA Limited vide their rating letter dated October 31, 2018. The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.

Company Promoters

IIFL Finance Limited is the promoter of the company.

Objects of the Issue

The amount proposed to be financed from Net Proceeds:

1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the Company
2. General Corporate Purposes

India Infoline NCD Aug 2019 Prospectus

India Infoline NCD Aug 2019 Subscription Status

The India Infoline NCD Aug 2019 was subscribed 3.04 times on August 30, 2019 6:54:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 44.99x
Category 31.15x
Category 2 (NII)0.76x
Category 1 (QIB)5.03x

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Company Contact Information

India Infoline Finance Limited
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

India Infoline NCD Aug 2019 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270

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