Below are the details of NCD's from India Infoline Finance Ltd. The issue will open from 5th Sep., 2012

 

 

 

 

 

 

 

 

 

INDIA INFOLINE FINANCE LTD

India Infoline Finance Ltd is a 98.87% subsidiary of India Infoline Limited. The issuer company is an NBFC with a diverse loan product offering comprising of Home Loans, Capital Market Finance, Gold Loans and Healthcare Finance. As of March 31 2012, the issuer company had a branch network of 1,323 branches, a loan book of Rs. 67,465 million (104% CAGR since FY10) and a total income of Rs. 9,536 million (102% CAGR since FY10).

 

INDIA INFOLINE FINANCE LTD – PUBLIC ISSUE of NCDs

KEY POINTS

Nature : Unsecured Redeemable Subordinated Debt NCDs

Issue Type : Public Issue

Opens from 5th Sept., 12 & Closes on 18th Sept.,12.* (Issuer reserves the right to close the issue any time after giving a notice of 1 day).

 

Base Issue : Rs. 250 Crs + Rs. 250 Crs = Rs. 500 Crs.

Credit Ratings : CRISIL : AA- (Stable) and ICRA : AA-/Stable

Interest Rates : 12.75% p.a. across all categories

Basis of Allotment : On First Come First Serve Basis

NCDs Allotted in : Physical & De-mat Mode

Stock Exchange proposed for Listing : NSE & BSE.

Trading : In De-mat only.

Face Value (Rs/NCD) : Rs.1000

Issue Price (Rs/NCD) : Rs.1000

Depositories : NSDL & CDSL

Tenor : 72 months

Put & Call Option : None

Frequency of Interest Payment : Monthly & Annually

Trading Lot : 1 (one) NCD

Minimum Application Size : Rs.5000/-.

Interest Calculation : Interest for each of the interest periods shall be calculated, on 'actual/ actual days' basis, on the face value of principal outstanding on the Bonds at the Coupon Rate rounded off to the nearest Rupee.

 

Pay in date : 3 (three) Business Days from the date of receipt of application or the date of realization of the cheques/demand drafts, whichever is later.

Interest on Application Money : 4% p.a.

Int. on Application Money which is liable to be refunded  : 4% p.a.

 

Who Can invest : Companies, Trusts, Partnership, Retail / HNI Individuals, HUF. 

Who Cannot Invest :  Minors without a guardian name, Foreign Nationals, Persons resident outside India including without limitation Foreign Institutional Investors, NRIs, Qualified Foreign Investors & OCBs.

 

 

Categories & Basis of Allotment :

Category I – QIB  – 40%

Category II – Corporate – 10%

Category III – HNI – 25%

Category IV – Retail – 25%

Application Form Soft Copy LINK : Would be provided soon.

Brokers Tie Ups : SBI Capsec & Trust Investment Advisors Pvt. Ltd

* The subscription list for the Issue shall remain open for subscription at the commencement of banking hours and close at the close of banking hours, with an option for early closure or extension by such period, upto a period of 30 days from the date of opening of the Issue, as may be decided at the discretion of the duly authorized committee of Directors of IIFL subject to necessary approvals. In the event of such early closure of subscription list of the Issue or extension of the Issue, IIFL shall ensure that notice of such early closure or extension of the Issue is given as the case may be on such date of closure through advertisement/s in a leading national daily newspaper.

 

 

Interest Payment Frequency

Options



Option I

Option II

Option III

Interest Frequency

Monthly

Annual

Cumulative

Coupon

12.75%

12.75%

NA

Face Value per Debenture

Rs. 1,000

Rs. 1,000

Rs. 1,000

Redemption Value per Debenture

Rs. 1,000

Rs. 1,000

Rs. 2,054.50

Effective Annual Yield

13.52%

12.75%

12.75%

 

Financial Overview (In Rs. Million)

Particulars

FY 12

FY 11

FY 10

CAGR (FY10-12)

Consolidated (Figures in Rs. million)

 

 

 

 

Loan Book / Advances

67,465

32,890

16,268

104%

Revenue / Total Income

9,536

5,195

2,340

102%

PAT

1,054

923

538

40%

 

 

You may download more details of this NCD issue in PDF format from here.

FAQ file is available here.

Details of India Infoline Finance Ltd – NCD – Starts 5th Sept. 2012
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