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IIFCL Tax Free Bonds Trance III - Feb 2014 (Apply)

India Infrastructure Finance Company Ltd Logo

India Infrastructure Finance Co Ltd.: (IIFCL): This is the finance sector PSU company engaged in financing viable infrastructure projects. The company is offering tax free non-convertible bonds (Tranche III) having face value of Rs. 1000 each with coupon rates of 8.16% to 8.80% depending on category and tenure. For category I, II and III it offers 8.16% for 10 yrs and 8.55% for 15 and 20 yrs. For category IV it offers 8.41% for 10 yrs and 8.80% for 15 and 20 years. Minimum application is to be made for 5 bonds and in multiples of 1 thereon, thereafter. Issue opens for subscription on 17.02.14 and will close on or before 14.03.14. These bonds are rated ICRA/AAA(SO), BWR/AAA(SO) and CARE/AAA(SO) indicating highest degree of safety regarding timely servicing of financial obligations.

The base size of the issue is Rs. 750 crore with a green shoe option of retaining oversubscription up to Rs. 2823.79 crore. Issue is lead managed by Axis Capital Ltd., ICICI Securities Ltd, RR Investors Capital Services Pvt. Ltd., A K Capital Services Ltd, SBI Capital Markets Ltd and Karvy Investor Services Ltd and Karvy Computershare Pvt Ltd is the registrar to the offer. IL & FS Trust Co. Ltd is the trustee for bonds issue.


Conclusion / Investment Strategy

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Reviewer recommends Subscribing to the issue.

Review By Dilip Davda on Dec 12, 2019

Review Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda, a freelance journalist

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com

The IIFCL NCD Feb 2014 Analysis helps you to understand about the company, offer detail, valuation, capital structure and financial performance. Our SEBI registered NCD Analysts tells you if IIFCL NCD Feb 2014 worth investing. The IIFCL NCD Feb 2014 Note sets the NCD expectations in systematic way which tells you if IIFCL NCD Feb 2014 good to buy (good or bad / yes or no). The NCD Forecast tells you weather to invest in IIFCL NCD Feb 2014 by providing NCD recommendations i.e. subscribe, avoid and neutral.