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 Open | January 22, 2019 |
| Issue Close | February 20, 2019 |
| Issue Size (Base) | Rs. 2,500 million |
| Issue Size (Shelf) | Rs. 20,000 million |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Tenor | 39months/ 60months/ 120months |
| Series | Series I to Series VI |
| Payment Frequency | Monthly, Cumulative and Annual |
| Basis of Allotment |
India Infoline Finance Limited NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | India Infoline Finance Limited |
| Security Type | Secured, Non-Convertible Debentures and Unsecured NCDs |
| Coupon payment frequency | Monthly, Cumulative and Annual |
| Coupon type | Fixed |
| Tenor | 39months/ 60months/ 120months |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Catalyst 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 / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total 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 | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 20% |
| NII – Category 2 | 20% |
| HNI – Category 3 | 30% |
| RII – Category 4 | 30% |
India Infoline Finance Limited NCD /IIFL NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 40,00,000 |
| NII – Category 2 | 40,00,000 |
| HNI – Category 3 | 60,00,000 |
| RII – Category 4 | 60,00,000 |
| Total NCD’s | 2,00,00,000 |
India Infoline Finance Limited NCD Coupon Rates
| Series | I | II | III | IV | V | VI |
| Nature | Secured | Secured | Secured | Secured | Unsecured | Unsecured |
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Monthly | Annual |
| Minimum Application | Rs. 10,000/- (10 NCDs) across all series | |||||
| Face Value | Rs. 1,000/- | |||||
| In Multiples of thereafter (In Rs.) | Rs. 1,000/- (1 NCD) | |||||
| Tenor | 39 months | 39 months | 60 months | 60 months | 120 months | 120 months |
| Coupon (% per annum) Category I | 9.50 | N.A. | 9.60 | 10.00 | 9.90 | 10.35 |
| Coupon (% per annum) Category II, III & IV | 9.60 | N.A. | 9.75 | 10.20 | 10.00 | 10.50 |
| Effective Yield (per annum) Category I, | 9.50 | 9.50 | 10.03 | 10.00 | 10.36 | 10.35 |
| Effective Yield (per annum) Category II, III and IV | 9.60 | 9.60 | 10.20 | 10.20 | 10.47 | 10.50 |
| Mode of Interest Payment | Through various modes available | |||||
| Amount (Rs. / NCD) Category I | Rs. 1000/- | Rs. 1342.65 | Rs. 1000/- | Rs. 1000/- | Rs. 1000/- | Rs. 1000/- |
| Amount (Rs./ NCD)Category II, III & IV | Rs. 1000/- | Rs. 1346.63 | Rs. 1000/- | Rs. 1000/- | Rs. 1000/- | Rs. 1000/- |
| Maturity / Redemption Date | 39 months | 39 months | 60 months | 60 months | 120 months | 120 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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