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CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai)     05 September 2012

Best investment opportunity !!!

 

DOUBLE YOUR MONEY INVEST IN IIFL BONDS IN 6 YEARS

Comany Name  :INDIA INFOLINE FINANCE LIMITED

Company Profile 
India Infoline Finance Limited is a subsidiary of India Infoline Limited (IIFL). The Company is engaged in the activity of mortgage financing, loan against securities gold loans margin funding and other consumer financing products.

Issue open on : 5-September-2012
Issue Closes on :18-Septemer-2012


Key Highlights of the Issue

Issue Size                                 :250cr*
Rating                                       :[ICRA] AA-(Stable) "by ICRA, "CRISIL AA -/Stable "by CRISIL
Face value (NCD in Rs)            :1,000/-
Issue price(NCD in Rs)             :At par i.e. Rs 1000/-
Minimum Subscripttion amount   :5 NCDs and in multiples of one NCD thereafter.
Who can apply                          :Resident Indian Individual, HUF.
Investor should provide             :PAN Number and Demat Account
Listing                                       : NSE BSE
Security Allotment *                  :Unsecured First-cum-first serve basis

Aggregating Rs 250cr with an option  to retain an over subscripttion of additional Rs 250cr



Basic Terms of Issue

Options

I

II

III

Frequency of Interest Payment

Monthly 

Annually

Cumulative 

Face Value & Issue Price (Rs /NCD)

1,000/-(1 NCD)

Minimum Application

5,000/- (5 NCDs)

In Multiples of

1,000/- (1 NCD)

Tenor 

72 Months 

Coupon (%) p.a.

12.75% 

12.75% 

not applicable

Effective Yield (% p.a.)

13.52

12.75% 

12.75% 

Deemed Date of Allotment

Date of issue of the allotment advice

Redemption Date

72 Months from the Deemed Date of Allotment

Redemption Amount(/NCD) 

Face value plus any interest that may have accrued


Category III (less than Rs 5 lakhs)     : Retail Investor

Eligible person                                  :Resident Indian Individual, HUF through Karta Category

Reservation                                       :Up to 25% of overall issue size

Category III (More than Rs 5 lakhs) : HNI

Eligible person                                       : Resident Indian Individual, HUF through Karta Category

Reservation                                            :Up to 25% of overall issue size


 



 2 Replies

CA Amit Sinha

CA Amit Sinha (service)     05 September 2012

But these are Unsecured NCD and Debt -equity ratio of this company is quite high more than 4. How this money will be utilised by IIFL is not sure??

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai)     05 September 2012

Originally posted by : CA Amit Sinha

But these are Unsecured NCD and Debt -equity ratio of this company is quite high more than 4. How this money will be utilised by IIFL is not sure??

Yes, But Also Giving Higher Interest Rate.

& Indian Infoline is Big Group.

We Can Get Out of This at Any Point of Time By Seling in Market.


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