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.


22 thoughts on “India Infoline Finance Limited – NCD Issue September 2012

  1. 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

    1. 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.

    1. Hi,
      For Rs. 100000 investment investor will get 10625 interest p.m. you will be considered under 25% allottment category as HNI for investment above 500000 Rs. i am manager advisor with India infoline and have all details for this issue..please contact for more info

    1. Yes it is not as tax saving instruments but you can do tax planning in legitimate way to avoid any taxes as company won’t deduct any TDS on interest it is upto you to pay tax..for more info you may contact me as i am a ca and employee with india infoline.

      1. Hi Anuj,

        What is your India Infoline email ID.
        Please dont give personal email ID, only the official one with India Infoline.

        Thanks
        Sanjay

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