IFCI Limited NCD Oct 2014

ifci IFCI Limited NCD Oct 2014

Company Profile

IFCI Limited (IFCI) was incorporated on May 21, 1993 under the Companies Act, 1956 as a public limited company under the name ‘The Industrial Financial Corporation of India Limited’ and got certificate of commencement of business on June 24, 1993.
IFCI is a Government of India controlled company, registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit taking NBFC (NBFC-NDSI). Along with IFCI’s group entities, IFCI provides financial services which include, besides long term corporate loans, advisory services in the areas of Project Development, Project Appraisal, Strategic Analysis, Corporate Restructuring, Infrastructure Financing and Legal Advisory to certain sectors. The advisory services include bid process management, disinvestment advisory, techno-economic viability study, legal due diligence, financial advisory, valuation,financial appraisal, financial due diligence and project feasibility studies in core infrastructure sectors like power generation and transmission, oil & gas, mining, etc.  IFCI has a strong experience in dealing in foreign exchange, offering trade finance related services like letter of credits and guarantees and dealing with financial institutions, both in the domestic and international markets (including dealing with correspondent banks).IFCI also has experience in dealing with foreign currency borrowings from international agencies.

IFCI Limited NCD Oct 2014 Details

Issuer
IFCI Limited
Issue Opening DateOctober 20, 2014
Issue Closing DateNovember 21, 2014
Face Value (Rs.)Rs. 1,000 per NCD
Issue Price (Rs.)Rs. 1,000 per NCD
Mode of IssuePublic issue
Nature of InstrumentSecured
Minimum ApplicationTen NCDs (Rs. 10,000
ListingBSE and NSE
Credit Rating“BWR AA- (Outlook: Stable)” by Brickwork Ratings India Private Limited and “[ICRA]A (Stable)” by ICRA Limited,

IFCI Limited NCD Oct 2014 Series Details

Options/ Series
I*
II**
III#
Frequency of Interest PaymentAnnualNot ApplicableMonthly
Tenor from Deemed Date of Allotment5 Years5 Years5 Years
Coupon Rate (% per annum) all Category of Investor(s)9.80%Not Applicable9.40%
Additional incentive over Coupon Rate (% per annum)
III and Category IV
0.10%Not Applicable0.10%
Aggregate of the Coupon Rate III and Category IV9.90%Not Applicable9.50%
Effective Yield ( I and Category II)9.80%9.80%9.81%
Effective Yield Category
III and IV
9.90%9.90%9.92%
Coupon/Interest TypeFixedNot ApplicableFixed
Maturity Amount Category I and II1,0001,596.331,000
Maturity Amount Category III
and IV
1,0001,603.621,000
Redemption Date/5 Years5 Years5 Years

IFCI Limited NCD Oct 2014 Series Details

Options/ Series
IV
V**
VI
VII**
Frequency of Interest PaymentAnnualNot ApplicableAnnualNot Applicable
Tenor from Deemed Date of Allotment7 Years7 Years10 Years10 Years
Coupon Rate (% per annum) all Category of Investor(s)9.90%Not Applicable9.90%Not Applicable
Additional incentive over Coupon Rate (% per annum)
III and Category IV
0.10%Not Applicable0.10%Not Applicable
Aggregate of the Coupon Rate III and Category IV10.00%Not Applicable10.00%Not Applicable
Effective Yield ( I and Category II)9.90%9.90%9.90%9.90%
Effective Yield Category
III and IV
10.00%10.00%10.00%10.00%
Coupon/Interest TypeFixedNot ApplicableFixedNot Applicable
Maturity Amount Category I and II1,0001,937.351,0002572.25
Maturity Amount Category III
and IV
1,0001,949.731,0002,595.78
Redemption Date/7 Years7 Years10 Years10 Years

Application Process and Form Submission/Collection Centers

Please take print of the Application Form A4 paper size. Click here to download Application form of IFCI Limited NCD Oct 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 “Escrow Account IFCI NCD I Public Issue”.
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 *

Who can Apply/Invest

Resident Indian individuals and Hindu Undivided, Resident public financial institutions, commercial banks, and regional rural banks,

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