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
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