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Personal Finance Blog India –

India Infoline Finance Limited – NCD Issue September 2012


 

 

//for details of IIFL SEPT 2013 ISSUE CLICK HERE

India Infoline Finance Limited – Issue Of Non -Convertible Debentures of size 250 Crore with an option to retain over subscription of Rs.250 Crore ,total aggregating Rs.500 Crore.

The NCDs are of unsecured in nature of subordinated debt and will be treated as Tier-II capital.

India Infoline Finance Company Limited – Part Of IIFL group which offers basket of products like loan against gold,properties,securities and other financing activities to retail and HNI clients.

Important Terms of NCD:

  • NCD start Date – Sept 05, 2012.
  • NCD Closing Date – Sept 18, 2012.
  • NCDs are proposed to be listed at NSE and BSE.
  • Issuance – Both in Physical / Demat mode.
  • Face Value – Rs.1000/-.
  • Min application amount – Rs.5000/- or 5 NCDs.
  • Credit rating – AA- from CRISIL & ICRA.Both indicates Stable rating.
  • Tenure – 72 Months.
Interest Rates:
Options I II III
Interest Payment Frequency Monthly Payout Annual Payout Cumulative
Interest  rate % 12.75 12.75 12.75

% Allotment for Resident individuals-

50% of the total issue size.Further divided as 25% for investment upto 5 lakh and 25% for individuals with investment of more than 5 lakh.

As already mentioned,company will treat NCDs as subordinated debt i.e.debt of lower importance and ranked down.Risk and rewards always put their hands together and interest rates are higher with risk of subordinated debt.Monthly interest option looks attractive for me.Finally, investor needs to judge risk capacity and take appropriate decision.

Subscription Updates of India Infoline Issue

India Infoline Issue sept 2012 is oversubscribed.Till this update,applications for Rs 616 crore were received against issue size of Rs.500 crore and last date of issue is updated as 07th Sept. 2012.


Category: Fixed Income

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22 Responses

  1. rakesh says:

    dear sir,
    tumare iifl me kisika dyan hai ya nahe kon kya karta hai usiko nahe malum hota probelm resolved karte hai ya garden me gumne ke liye aate hai mera 1 month passward ka problem chal raha hai or evry day muje kush na kush kahke phon rakh dete hai muje iifl ke ceo ka mail id chaheye
    thaks

  2. ROCKY says:

    when is the ncd going to list what is the bse code for sep 2012 isue

  3. ketaki says:

    1062 p.m.

  4. Chetan maheta says:

    How to invest directly through internet banking ?

    • admin says:

      I think you can apply online thorugh demat account.Please check it with your broker whether this facility is available with him or not.Otherwise submit physical application.

  5. Gazal says:

    Can I resale it any time, if yes then whether price will change or will be the same all the time?

  6. pavan Shinde says:

    i want one of gurunteed bond for tax saving purpose

  7. pavan Shinde says:

    i want 1 of guarunteed bond for saving purpose.

  8. sana khan says:

    what amount we will get as interest if we invest 100000 on monthly interested scheme

  9. Raj says:

    is this eligible for tax savings.. Can I consider them as tax saving bonds..?

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