India Infoline Finance Limited NCD Dates, Size, Allotment, Subscription, DRHP & more

Let’s have a detailed review of the company and analytics of the India Infoline Finance Limited NCD release date, NCD issue size, subscription, IIFL NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.

India Infoline Finance Limited NCD – January 2019 Detail

Credit Rating[ICRA] AA (Stable) by ICRA Limited and BWR AA+ Stable by Brickwork Ratings,  CRISIL AA/Stable by CRISIL Ratings Limited
Issue OpenJanuary 22, 2019
Issue CloseFebruary 20, 2019
Issue Size (Base)Rs. 2,500 million
Issue Size (Shelf)Rs. 20,000 million
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Tenor39months/ 60months/ 120months
SeriesSeries I to Series VI
Payment FrequencyMonthly, Cumulative and Annual
Basis of Allotment

India Infoline Finance Limited NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameIndia Infoline Finance Limited
Security TypeSecured, Non-Convertible Debentures and Unsecured NCDs
Coupon payment frequencyMonthly, Cumulative and Annual
Coupon typeFixed
Tenor39months/ 60months/ 120months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeCatalyst Trusteeship Limited

India Infoline Finance Limited/ IIFL NCD Dates

The opening and the closing date of India Infoline Finance Limited NCD is January 22, 2019 to February 20, 2019.


India Infoline Finance Limited NCD / IIFL NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day : till 19th Sept
10th – 20th Day : till
20th – 30th Day : till
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


India Infoline Finance Limited NCD Allotment Status

Here, you can find the Allotment Status of IIFL NCD.


India Infoline Finance Limited NCD Share Offering

Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.

India Infoline Finance Limited NCD Allocation Ratio

NCD Allocation Ratio
CategoryNCD’s Allocated
QIB – Category 120%
NII – Category 220%
HNI – Category 330%
RII – Category 430%

India Infoline Finance Limited NCD /IIFL NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 140,00,000
NII – Category 240,00,000
HNI – Category 360,00,000
RII – Category 460,00,000
Total NCD’s2,00,00,000

India Infoline Finance Limited NCD Coupon Rates

SeriesIIIIIIIVVVI
NatureSecuredSecuredSecuredSecuredUnsecuredUnsecured
Frequency of
Interest
Payment
AnnualCumulativeMonthlyAnnualMonthlyAnnual
Minimum
Application
Rs. 10,000/- (10 NCDs) across all series
Face ValueRs. 1,000/-
In Multiples
of thereafter
(In Rs.)
Rs. 1,000/- (1 NCD)
Tenor39 months39 months60 months60 months120 months120 months
Coupon (%
per annum)
Category I
9.50N.A.9.6010.009.9010.35
Coupon (%
per annum)
Category
II, III & IV
9.60N.A.9.7510.2010.0010.50
Effective Yield
(per annum)
Category I,
9.509.5010.0310.0010.3610.35
Effective Yield
(per annum)
Category
II, III and IV
9.609.6010.2010.2010.4710.50
Mode of
Interest
Payment
Through various modes available
Amount (Rs. /
NCD) Category I
Rs. 1000/-Rs. 1342.65Rs. 1000/-Rs. 1000/-Rs. 1000/-Rs. 1000/-
Amount (Rs./
NCD)Category
II, III & IV
Rs. 1000/-Rs. 1346.63Rs. 1000/-Rs. 1000/-Rs. 1000/-Rs. 1000/-
Maturity /
Redemption
Date
39 months39 months60 months60 months120 months120 months
Put Option
Call Option
N.A.
24 months
N.A.
24 months
N.A.
30 months
N.A.
30 months
N.A.
66 months
N.A.
66 months

India Infoline Finance Limited NCD Issue Object

These are the NCD Issue Objects of the company

  • For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
  • General corporate purposes

India Infoline Finance Limited – Company Overview

The Company is a Systemically Important Non-deposit accepting Non-Banking Financial Company (“NBFC-ND-SI”) registered with the RBI, catering to the credit requirements of a diverse customer base with its plethora of products. Their offerings include mortgage loans, gold loans, commercial vehicle finance, MSME finance, construction and real estate finance, capital market finance, and micro finance; catering to both retail and corporate clients.

The Company is a subsidiary of IIFL Holdings Limited, which is one of India’s leading financial services player, primarily engaged in the business of loans and mortgages, wealth and asset management, retail and institutional broking and investment banking.


India Infoline Finance Limited NCD Lead Managers

Lead Managers
Edelweiss Financial Services Limited

IIFL Holdings Limited

ICICI Securities Limited

Trust Investment Advisors Private Limited


India Infoline Finance Limited NCD Debenture Trustee

Debenture Trustee
Catalyst Trusteeship Limited
GDA House, Plot No. 85,
Bhusari Colony (Right), Kothrud, Pune –411038
Tel:022 49220539
Fax:022– 49220505
Email:ComplianceCTL-Mumbai@ctltrustee.com
Investor Grievance Email:grievance@ctltrustee.com
Website:www.catalysttrustee.com
Contact Person:Umesh Salvi
SEBI Registration No:IND000000034

India Infoline Finance Limited NCD Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083
Tel.:+ 91 22 4918 6200
Fax:+ 91 22 4918 6195
Email:iifl.ncd2018@linkintime.co.in
Investor Grievance Email:iifl.ncd2018@linkintime.co.in
Website: www.linkintime.co.in
Contact Person:Shanti Gopalkrishnan
SEBI Registration No:INR000004058

India Infoline Finance Limited NCD Ratings

The NCDs proposed to be issued under this Issue have been rated BWR AA+/Stable for an amount of Rs.50,000 million by Brickworks Ratings India Private Limited vide their rating letter dated October 31, 2018 which was further revalidated by their revalidation letter dated January 9, 2019, CRISIL AA/Stable for an amount of Rs.50,000 million by CRISIL Ratings Limited vide their rating letter dated November 2, 2018 which was further revalidated by their revalidation letter dated January 9, 2019 and [ICRA] AA (Stable)  for an amount of Rs.50,000 million by ICRA Limited vide their rating letter dated November 1, 2018 which was further revalidated by their revalidation letter dated January 9, 2019.

The aforesaid rating indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk


India Infoline Finance Limited NCD News

News 1 – Download RHP Prospectus


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