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India Infoline Financial Ltd NCD (India Infoline NCD) Detail

Sep 5, 2012 - Sep 18, 2012
India Infoline Financial Ltd Logo

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.

India Infoline NCD Detail

Issue Open Sep 5, 2012 - Sep 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
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.

India Infoline NCD Prospectus

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Company Contact Information

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/

India Infoline NCD Registrar


   
   
   

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6 Comments

6. Subhash Gandha  Sep 30, 2013 1:00:39 PM
Yes, I have HELIOS FD since last two years. They give post dated cheques for maturity amount and even for intersts also. (If quarterly interst payable option is selected)
5. ashish furia  Sep 24, 2013 3:40:15 AM
HUDCO Tax free bonds for 20 yrs are the best bet.
4. bcskal  Dec 31, 2012 3:00:24 PM
Anybody can make some comments about the Fixed Deposit with the company M/s.HELIOS & MATHESON LTD, MUMBAI. They are collecting FD and giving an interest rate of 12% p.a. and also they are sending the maturity amount, as the post-dated cheques, along with the FD-receipt itself. Is it true? How much reliable this company is? Any comments pl. Thanks.
3. ARCHIT SHAH  Dec 24, 2012 2:32:34 PM
thanks leo for your information
2. leo Khan  Sep 22, 2012 12:36:02 AM
where can i find allotment status?
1. vas nat  Sep 8, 2012 10:43:14 PM
not worth applying