India Infoline Housing Finance Limited.[IIHFL] NCD Dec 2013 Interest rate up to 12.15 %

Company Profile

The issuer company 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).

 

The Company is well capitalized with a networth of Rs. 14,282 million on consolidated basis and Capital adequacy of 17.86%. It’s Consolidated Income from Operation and Profit after tax has grown at a Compounded Annual Growth Rate (“CAGR”) of 54.33% and 44.85% respectively over the last four years. The Loan Book has grown at a CAGR of 63.82% over the last four years and a track record of business growth and profitability.

IIHFL NCD/Series Details

Issuer/ BorrowerIndia Infoline Housing Finance Limited
Nature of IssuePublic Issue of Secured Redeemable Non-Convertible Debentures
Issue ScheduleOpening: 12th December 2013, Closing: 20th December 2013
Issue Size2,500 million with an option to retain over-subscription up to ` 2,500 million aggregating to a total of up to ` 5,000 million.
Credit RatingCARE AA-’ by CARE‘CRISIL AA-/Stable’ by CRISIL
Mode of AllotmentIn physical and dematerialised form
Minimum Application10,000 (or 10 NCD’s) and in multiples of 1 NCD (`1000) thereafter.
ListingProposed to be listed on NSE and BSE
Trading / Trading LotCompulsorily in dematerialised form / One NCD
DepositoriesNSDL and CDSL
Interest on application on Allotmentat the rate of 11.52% p.a. (no interest is to be paid to the ASBA Applicants)

OptionsI
Tenure60 Months
Frequency of Interest PaymentMonthly
Minimum Application10,000 (10 NCDs)
In Multiples of1 NCD after the minimum subscription
Face Value of NCDs (`/NCD)1,000
Mode of Interest Payment/RedemptionThrough Various options available
Coupon (%) for NCD Holders11.52% per annum
Effective Yield (per annum)12.15%
Redemption Date60 months from the Deemed Date of Allotment
Redemption Amount (`/NCD)Repayment of the face value plus any interest (at the applicable coupon rates) that may have accrued at the redemption date
Deemed Date of AllotmentThe date on which the Board or a duly authorized committee approves the Allotment of NCDs. The actual allotment of NCDs may take place on a date other than the Deemed Date of Allotment.

Important Information/Instruction

Important Information (Instruction)

 

Please take print of the Application Form A3 / A4 paper size.

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.

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 *

Who Can Apply/Invest

Who can apply / invest ?

1] Individual, 2] HUF, 3] Charitable Institute, 4] Company, 5] Firms, 6] Co-operative, 7] NRI, 8] Financial Institute

Download Application Form

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Profit & Dividend

Content for the tab Profit & Dividend

Registrar/Bond Allotment Status

Stock Watch

 


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