[.]| Listing at BSE | Wed, Sep 5, 2012 - Tue, Sep 18, 2012
India Infoline Financial Ltd. NCD issue is a public issue of , issued under a Shelf Prospectus of ₹[.] Cr with a base issue size of ₹500.00 Cr and an option to retain oversubscription up to ₹[.] Cr, aggregating to a tranch issue size of ₹[.] Cr. The NCDs are offered at a face value ₹1000 each and an issue price of ₹1000 per NCD.
India Infoline Financial Ltd. NCD issue opens on Sep 5, 2012 and closes on Sep 18, 2012. NCD are proposed to be listed on BSE.
The minimum lot size is 5 NCDs, requiring a minimum investment of ₹ 5,000 , while the market lot for trading is 5 NCD(s).
The issue offers interest rates ranging from per annum to per annum, depending on the series and tenure selected.
Axis Bank Ltd. is the Lead Manager to the issue, is the Debenture Trustee, and is the Registrar to the Issue.
Investors are advised to refer to the [.] for detailed information on risk factors, financials, and the terms of the issue.
Open Date
Wed, Sep 5, 2012
Close Date
Tue, Sep 18, 2012
Issue Size (Overall)
[.]
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.
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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
Bandra, Maharashtra, 400051
NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks provide the facility to apply for NCD online.
To apply for an NCD online, the investor should fill in the NCD bid details online and provide the details of the DP and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.
Steps to invest in NCD IPO through GoldenPi
Retail investors can apply for an IPO online if the investment amount is less than or up to 10 lakhs.
Steps to apply for NCD IPO with Indiabonds:
You can buy or invest in NCD IPOs through the following intermediaries:
The investor can apply for the NCD IPO online through NCD intermediaries such as a registered stockbroker, provided the broker offers an online application for the NCD IPO. Not many brokers allow you to invest in an NCD IPO online. Currently, very few brokers, such as Nuvama Wealth, Angel One, and SBI Securities, offer the facility to apply for NCD IPOs electronically. You should check with your broker or intermediary to see if the online application facility for the NCD IPO is available through them.
Refer to the detailed guidelines on NSEgoBID and BSEDirect for information on the registration process and how to apply for NCDs through the exchange.
Important links :
Read more about NCD Application Process.
The minimum amount required for NCD investment is Rs. 10,000.
Generally, the minimum lot size of NCD is 10, and the face value is 1,000.
NCD allotment can be checked on the BSE website or with the Registrar once the allotment has been made.
Steps to check the NCD allotment status at the BSE:
Alternatively, the applicant can also check the allotment status on the respective website of the Registrar for the issue. The applicant will need their PAN details or the applicant's Aadhaar number to check the status.
Generally, all applicants receive full allotment due to the retention of the oversubscription option.
Read more information on NCD Subscription and NCD Allotment Process.
No, you cannot withdraw or redeem India Infoline Financial Ltd. NCDs before maturity directly from the company. However, there are a couple of options available if you want to exit early:
If the NCDs are listed on stock exchanges (like BSE/NSE), you can:
Only possible if a "call option" exists.
Read more about NCD Subscription and Allotment Process
Bid Cancellation and Withdrawal Policy for NCD Applicants
Note:
The specific process and conditions for post-closure cancellation vary by issuer. Applicants should refer to the Offer Document for issuer-specific guidelines.
