India Infoline Housing Finance Ltd NCD Mar 2014

India Infoline Housing Finance Ltd [IIHFL] NCD Mar 2014 Interest rate Up to 12 % Effective Yield up to 12.68%

 India Infoline Housing Finance Ltd NCD Mar 2014

Company Profile

India Infoline Housing Finance Ltd is a wholly owned subsidiary of India Infoline Finance Limited and offer housing loans and Loans against Property.
Their lending products include Mortgage Loans, which includes Retail Mortgage Loans and Corporate Mortgage Loans. These loans are bifurcated into Housing Loans and Loans Against Property.
Housing Loans includes finance for purchase of flats, construction of houses, extension and for improvement in the flats/homes and for acquiring plots of land (which are intended to be used for construction of houses). LAP is availed for, working capital requirements, for business use or acquisition of new property and for financing construction projects.
Promoter, India Infoline Finance Limited is a systemically important non-deposit taking NBFC focusing on Mortgage Loans, Commercial Vehicle Finance, Gold Loan, Capital Market Finance and Healthcare Finance.
Promoter, India Infoline Finance Limited is a subsidiary of India Infoline Limited (“IIFL”), a diversified financial services organization having presence across India.


India Infoline Housing Finance Ltd NCD Mar 2014 Details

Issuer/ Borrower
India Infoline Housing Finance Limited
Issue Opening12th March 2014,
Issue Closing24th March 2014
Issue Size` 1,000 million with an option to retain over-subscription up to ` 1,000 million aggregating to a total of up to ` 2,000 million
Credit Rating‘[ICRA] AA- with Stable Outlook’ by ICRA
Mode of AllotmentBoth in Physical and Dematerialised form
Minimum Application`10,000 (or 10 NCD’s) and in multiples of 1 NCD (`1000) thereafter
ListingProposed to be listed on NSE and BSE
Trading / Trading LotNCDs will be traded in dematerialised form / One NCD

India Infoline Housing Finance Ltd NCD Mar 2014 Series Details

Option I
Option II
Tenure6 Years6 Years
Frequency of Interest PaymentMonthlyCumulative
Minimum Application`10,000 (10 NCDs)`10,000 (10 NCDs)
In Multiples of1 NCD after the minimum subscription1 NCD after the minimum subscription
Face Value of NCDs (Rs./NCD)1,0001,000
Coupon (%p.a.)12.00%NA
Coupon TypeFixedFixed
Effective Yield (p.a.)12.68%12.25%
Redemption Date6 years from the Deemed Date of Allotment6 years from the Deemed Date of Allotment
Redemption Amount (Rs./NCD)Rs.1000Rs.2000

Who can apply / invest ?

1] Individual, 2] HUF, 3] Charitable Institute, 4] Company, 5] Firms, 6] Co-operative, 7] Financial Institute

Application Process and Form Submission/Collection Centers

Please take print of the Application Form A4 paper size. Click here to download Application form of IIHFL NCD Mar 2014
Attach following document along with the application form : –
1] PAN Card and Address Proof Photo Copy attested by applicant.
2] One Cancelled Cheque copy.
3] Bidding is mandatory.
4] Cheque / DD should be drawn in favour of “India Infoline Housing Finance Limited – NCD Escrow”.
5] On First come First Serve Basis
6] Keep photocopy of application form for your record.
7] Submit / deposit your NCD application form in Listed/ Design Bank Branches. (search below for your city)
8] To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
9] The actual bond will reflect in your demat account within 8-12 weeks time form date of allotment.
10] Free Home Service available *

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