Tuesday 4 September 2012

[www.keralites.net] Double your Money in 6 years - Invest in IIFL Bonds

 

Comany Name  :INDIA INFOLINE FINANCE LIMITED

Company Profile 
India Infoline Finance Limited is a subsidiary of India Infoline Limited (IIFL). The Company is engaged in the activity of mortgage financing,  loan against securities gold loans margin funding and other consumer financing products.

Issue open on : 5-September-2012
Issue Closes on :18-Septemer-2012


Key Highlights of the Issue


Issue Size                                 :250cr*
Rating                                       :[ICRA] AA-(Stable) "by ICRA, "CRISIL AA -/Stable "by CRISIL
Face value (NCD in Rs)            :1,000/-
Issue price(NCD in Rs)             :At par i.e. Rs 1000/-
Minimum Subscription amount   :5 NCDs and in multiples of one NCD thereafter.
Who can apply                          :Resident Indian Individual, HUF.
Investor should provide             :PAN Number and Demat Account
Listing                                       : NSE BSE
Security Allotment *                  :Unsecured First-cum-first serve basis

Aggregating Rs 250cr with an option  to retain an over subscription of additional Rs 250cr

Basic Terms of Issue
Options
I
II
III
Frequency of Interest Payment
Monthly 
Annually
Cumulative 
Face Value & Issue Price (Rs /NCD)
1,000/-(1 NCD)
Minimum Application
5,000/- (5 NCDs)
In Multiples of
1,000/- (1 NCD)
Tenor 
72 Months 
Coupon (%) p.a.
12.75% 
12.75% 
not applicable
Effective Yield (% p.a.)
13.52
12.75% 
12.75% 
Deemed Date of Allotment
Date of issue of the allotment advice
Redemption Date
72 Months from the Deemed Date of Allotment
Redemption Amount(/NCD) 
Face value plus any interest that may have accrued
Category III (less than Rs 5 lakhs)     : Retail Investor

Eligible person                                  :Resident Indian Individual, HUF through Karta Category

Reservation                                       :Up to 25% of overall issue size

Category III (More than Rs 5 lakhs) : HNI

Eligible person                                       : Resident Indian Individual, HUF through Karta Category

Reservation                                            :Up to 25% of overall issue size
 
Note: Please take advice from your Financail Planner/Chartered Accountant, before investing in this bond.  In case you need more detalis regarding this bond issue please contact the company/Lead Manager or the broker.  This is not a recommandation to invest.  This is an Unsecured Non-Convertable Debeture, so please read the offer document carefully to understand the risk aspects. NRIs are not eligible to invest in this bond.

 
Best Regards
Prakash Nair

www.keralites.net

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